The population is young and the economy has been growing for years. Vietnam exported goods worth 319 billion euros in 2021. Ten years earlier, the figure was 84 billion euros. That’s how long ago it was that Gebrüder Weiss opened two of its own locations in the South-East Asian country: one in the economic centre of Ho Chi Minh City (Saigon) and the second 1,600 kilometres further north in the capital Hanoi.
“Today we know that was the right decision,” says Cristian Predan, Area Manager South-East Asia at Gebrüder Weiss.
“The economic environment in Vietnam has improved steadily since we opened our first location there. The country’s road and port infrastructure has been expanded, while demand for consumer and industrial goods is rising among the exceptionally young population.”
Exports include products from the electronics, mechanical engineering, aviation, chemical and food industries. Gebrüder Weiss mainly transports these goods for its customers to Singapore, South Korea, Europe, and the USA. Last year, the company increased the number of air and sea freight shipments by around 30 percent compared with the previous year. In Vietnam, Gebrüder Weiss manages several activities, including the spare parts logistics of European mechanical engineering companies, and operates a logistics warehouse for an international furniture manufacturer – including picking, packing, labelling and customs clearance.
Vietnam is already the tenth country in which the logistics company has its own branches in East Asia and Oceania. The network now includes locations in China, Hong Kong, Taiwan, South Korea, Japan, Singapore, Malaysia, Australia, and New Zealand. Currently, the potential benefits of extending the network to neighbouring countries of Vietnam are being evaluated. Gebrüder Weiss already organizes cross-border land transports to Cambodia as well as domestic sea transports from the south to the north of the country.