(VOV) - Thoresen Thai Agencies plans to expand its activities in the south of Vietnam in order to become a logistics service provider in the country.
According to the Thai daily newspaper Bangkok Post, the company has invested more than US$30 million in the Vietnamese market where its two branches, namely Baconco Ltd and Thoresen-Vinama Logistics Co (TVL), are operating.
TVL has been licensed to operate in logistics and its 16,000 square-metre facility has been inaugurated recently near Phu My Industrial Park.
The President and Executive Director of Thoresen Thai Agencies, M.L. Chandchutha Chandratat, said that the company has gained remarkable results from investment projects in Vietnam. He expressed confidence that logistics services and other business activities will meet the requirements of customers.
Meanwhile, the President of the TVL and Baconco Ltd Management Board, Sigmund Stromme, said that demand for logistics services has increased rapidly and the company will continue to invest in projects in Phu My IP in the coming time.