Hyundai Glovis, a logistics arm of Hyundai Kia Automotive Group from the Republic of Korea,opens its first Southeast Asian office in Vietnam. (Photo: The Investor)Seoul(VNA) – Hyundai Glovis, a logistics subsidiary of Hyundai Kia Automotive Groupfrom the Republic of Korea, is expanding its overseas presence by opening itsfirst Southeast Asian office in Vietnam.
Hyundai GlovisVietnam, which was launched earlier this week, will serve as a bridgehead forthe company to expand its business in the region.
The companywill focus on transporting automotive products and supplying auto parts to alocal factory which has an annual output capacity of 80,000 vehicles.
It will alsotransport non-automotive products such as food, cold chain products, textileand clothing.
Followingthis, Hyundai Glovis will open an office in Ho Chi Minh City in the first halfof next year which will manage non-automotive logistics.
The companysaid with the growing cold chain market globally, which is expected to reach amarket size of 293 billion USD by 2023, it will strive to establish a system inVietnam. It is necessary due to the country’s tropical weather, the companyexplained.
With theaddition of the office inVietnam, Hyundai Glovis currently operates 71 offices overseas. Earlier thisyear, the company opened offices in Shenzen, China, and India’s Delhi and Mumbai. –VNA
VNA
