US logistics group BDP International has set up a subsidiary in Ho Chi Minh City in Vietnam with representation in the other commercial centres of Da Nang and Hanoi.
Mike Andaloro, managing director of BDP Asia Pacific, said: “We expect our customers will source more of their goods from Vietnam, and this new company will allow us to continually support our customers as they expand their supply chains.”
BDP has sales of some $1.6 billion and a presence in more than 120 countries. Customers include: Dow, DuPont, Johnson & Johnson, Honeywell, McDonalds, Panasonic and ExxonMobil.
The new subsidiary company, BDP International (Vietnam), will be a fully integrated unit providing the same class-leading technology and exceptional customer service that BDP’s global customer base has come to expect.
“With the changes to foreign ownership laws in 2014, we anticipate there will be an even larger increase in demand as more manufacturers establish themselves in the exciting, vibrant market,” said Andaloro.
“As the global leader in chemical logistics, we see great potential for this sector to grow during the next few years. Many chemical companies are looking to establish themselves in Vietnam, with some considering building manufacturing plants. In addition to chemical logistics, BDP will target the healthcare, retail, telecom, electronics and other manufacturing industries.”