Australia Business networking
Australian businesses choose Vietnam to expand their supply chains
Ms. Le Thuy Trang, President of the Asia Pacific Business Association, visited and worked with Australia Chamber Commercial in Ho Chi Minh city, Vietnam.
Mr. Trent Iliffe, CEO of LOGOS, CEO of LOGOS, a business operating in the logistics real estate sector across the Asia-Pacific region, said that they recently entered the market. Vietnam market.
This investor has established a joint venture in Vietnam, with the goal of penetrating the domestic market, in the immediate future the key areas of Ho Chi Minh City, Hanoi and Da Nang. The initial capital of this joint venture is about 350 million USD.
Moving to Vietnam is an important step in our regional growth strategy, driven by customer demand.
In May 2020, Austal Shipbuilding Company continued to expand its operations in Vietnam through the successful launch of the passenger ferry A.P.T. James at the factory located in Ba Ria - Vung Tau. Mr. David Singleton, Austal's CEO, said, "This first ferry is a great achievement. Austal Vietnam has begun construction on its next project, a 41-meter high-speed catamaran ferry.
Reportedly, the shipyard in Vietnam is the latest addition to Austal's capacity. Currently, this enterprise has aluminum and steel shipyards in the US, Philippines, and China