Tag: Vietnam

Citibank signs partnership with Vietnam Postal Saving Service

Posted by | Sep 11, 2007 | |

Citibank said Tuesday it has signed a contract to provide its banking services to state-owned Vietnam Postal Saving Service Co.

The partnership between Citi and VPSC will enable millions of Vietnamese people using the VPSC network in more than 3,000 district-level post offices to make payments to firms which are banking with Citibank, the bank said in a statement.

Charly Madan, Citibank’s country director for Vietnam, said the contract will help add 800 outlets now and 2,400 more in the next year to the bank’s local service network.

VPSC was set up in 1999 with a registered capital of VND163 billion ($10 million) and currently has VND7.5 trillion in lending to state funds, the statement said.

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Business & Investment: DHL launches Import Express website

Posted by | Aug 29, 2007 | |

DHL has recently launched Import Express On-line, a website that automates and supports the importation of products, a company source said on August 15

The web-based service is part of DHL Express’s continuing efforts to enhance the features of Import Express, one of its fastest-growing productions in Vietnam

Product users will have the simplicity and control of one point of contact, one fixed price, and one invoice in local currency for all their door-to-door import requirements, originating from over 210 countries

With annual revenues of nearly EUR 24.5 billion in 2004, DHL, 100 pct owned by Deutsche Post World Net, offers innovative and customized solutions from a single source

DHL’s international network links more than 220 countries and territories worldwide thanks to its customer network of 4.2 million. Over 170,000 employees are dedicated to providing fast and reliable services that exceed customers’ expectations in 120,000 destinations in all continents.

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ABX adds flights in Asian market

Posted by | Aug 14, 2007 | |

ABX Air Inc. and cargo delivery competitors including FedEx Corp. and DHL are hustling to expand their services in fast-growing Pacific and Asian markets.

The companies are buying aircraft, or even competitors that already operate in Asia, to serve lucrative U.S.-Asia or intra-Asian routes. The focus is on freight hauled in containers aboard cargo aircraft, either with international or intra-continent range.

Wilmington-based ABX Air has begun a two-year agreement to support Asian cargo operations of All Nippon Airways Co. (ANA) of Japan. ABX has deployed two Boeing 767 freighters, and recently flew its first cargo flight for ANA from Osaka, Japan, to Dalian, China. ABX expects annual revenue of USD 22 million from its agreement to support All Nippon Airways.

ABX also said last week that it will spend USD 23 million to buy a Boeing 767-200 long-range aircraft from Air China Ltd. for international cargo service.

FedEx, the company that pioneered overnight delivery of small packages in the United States, has begun next-business-day delivery service available to customers throughout China. FedEx also spent USD 400 million to buy the DTW Group’s domestic express network in China and DTW’s 50 percent share of an express delivery joint venture with FedEx.

U.S. delivery companies also are competing for business in Korea, Taiwan, Hong Kong, Vietnam, Singapore and Malaysia.

In June, DHL said it bought a 49 percent interest in ASTAR Air Cargo, a Florida-based airline that operates out of DHL’s Wilmington hub and serves customers in the United States, Europe and the Middle East. DHL also invested in Polar Air Cargo Inc. of Purchase, N.Y., to improve express delivery service from the United States to Asia.

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Vietnam bans strikes in key sectors

Posted by | Aug 1, 2007 | |

Vietnam has banned strikes in key public services and in sectors that are “of extreme importance to the national economy,” the communist government said on its website on Wednesday.

Industrial action will be prohibited in power stations, the oil and gas sectors, airports and train stations, the postal service, newspaper delivery, and water supply, irrigation and drainage services, it said.

The list of companies and state agencies, released in a decree by Prime Minister Nguyen Tan Dung, is subject to revision “depending on the socio-economic circumstances,” said the official government website.

Government ministers and local authorities would meet every six months with employers and trade unions in the sectors banned from strike action “to hear and handle legitimate requests from the workers,” the website said.

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TNT to invest 7 million euros in Vietnam

Posted by | Jul 26, 2007 | |

The global express service provider TNT announced on July 24 that it would invest more than 7 million Euros over the next four years in its domestic express services in Vietnam.

The launch makes TNT the first international express mover in the country to introduce and offer premium express services.

Part of the investment will go towards additional vehicles and new hires. The company will also open five more branches in Bac Ninh, Vinh Phuc, An Giang and Ca Mau provinces to support the service, increasing the total number of TNT’s location in Vietnam to 23.

As with all its services, TNT offers an integrated and comprehensive range of services including door-to-door express delivery of documents, parcels, and freight.

“Fast-tracking our growth in Vietnam supports our growth strategy to focus on enhancing the efficient flow of goods and information across borders, facilitating our companies’ access to other international markets, in particular, China,” said Ommo Boots, regional managing director for TNT Asia.

Ommo Boots, regional managing director for TNT Asia said the domestic service also supports the recent expansion of TNT’s Asia Road Network into Vietnam which will prepare the company for accelerated high double-digit growth as part of its strategic agenda for the next three to five years.

TNT also plans to expand the Asia Road Network to reach China through the northeastern border of Vietnam by the end of this year.

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