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Competitive pressures in tandem with digital economy development is likely to help boost the numbers of mergers and acquisitions in the logistics field in Vietnam next year. ....
Indo-Trans Logistics Corporation, known as ITL, has actively ramped up its operations by building a new logistics centre in Danang, acquiring ITL Keppel Logistics Vietnam, and accelerating its plan to lead the cold storage market with over 50,000 pallets by next year. ....
ITL continues to expand influence in logistics industry 17:00 | 12/01/2021 ITL is dedicated to build a sharing ecosystem in Vietnamâs 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 â a leading logistics corporation - utilised its core foundation, strong financial potential, and a methodical strategy to remain in the right direction. It scored a âhat-trickâ 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 ra ....