ITL continues to expand influence in logistics industry

ITL continues to expand influence in logistics industry
17:00 | 12/01/2021
ITL is dedicated to build a sharing ecosystem in Vietnam’s logistics market
The negative impacts of COVID-19 on the general economy caused the trade chains to break, borders to close, and transportation costs to increase. The logistics sector faced an uphill struggle in 2020, leading to the dissolution of nearly half a million enterprises, with the rest enduring reduction of 30-50 per cent in revenues and profit.
Despite the crisis, ITL – a leading logistics corporation - utilised its core foundation, strong financial potential, and a methodical strategy to remain in the right direction. It scored a “hat-trick” of achievements: reaching 109 per cent in profit compared to 2019; attracting investment of $70 million from the International Financial Corporation, a sister organisation of the World Bank and member of the World Bank Group; and ranked in the Top 50 Vietnam The Best, Top 500 Biggest Companies in Vietnam 2020 and Top 10 Most Reputable Logistics Companies in Vietnam.

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