International Cargo Logistics opens office in Ho Chi Minh City

The UK-based forwarder, which this year celebrates its 20th anniversary, aims to develop its multimodal offering in the region, capitalising on Vietnam’s proximity to major shipping routes.

This announcement follows the opening of an office in Rotterdam, the Netherlands, in February of this year, with 10 ICL offices now established across the globe.

“Our new office will be integral in driving operations in Southeast Asia, with a particular focus on supporting our clients in the e-commerce sector,” said Yoav Izhari, CEO of ICL. “Vietnam’s position facilitates easy access to the South China Sea Route, a shipping route that is integral to our operations between Asia and Europe.”

The Vietnam office will allow ICL comprehensive oversight of its operations in the region, strategically situated near the Saigon Port network.

“This new office presents an exciting opportunity to strengthen our working relationships with existing clients, and to build new connections with players in the region,” added Izhari.

ICL operates in over 180 countries and has over 50,000m of logistics and storage facilities after doubling the size of cold storage facility at Heathrow in July of this year.

Many foreign companies are bolstering investments in Vietnam’s logistics market to tap into the burgeoning cross-border trade transportation.

In the trend of strong globalisation, Vietnamese logistics businesses are in strong competition with foreign rivals. Le Duy Hiep, former chairman of the Vietnam Logistics Business Association, discussed with VIR’s Bich Thuy the story of these rivalries and future investment trends.

Driving by growth results in the first half of 2024, Vietnamese logistics companies are transforming their business reach to maintain momentum.