DHL gets green light to start business in Vietnam
The Vietnamese government has given the green light for German DHL express group to establish a joint venture with a local delivery company, an official said Wednesday.
The government “agreed in principle for DHL to set up an express delivery service joint-venture with the Vietnam Post and Telecommunications Group (VNPT),” an official from the planning and investment ministry told AFP.
DHL will hold 51 percent of the company’s shares while the rest belongs to VNPT, the official said, adding that the 5.5 million dollar venture is scheduled to operate next year in eight cities and provinces.
DHL first came to Vietnam through a sales agent in 1988, a company source said without elaborating.
