DHL,VNPT fast track new joint venture

24/04/2007 -- 9:55 PM

HCM City (VNA) – The DHL-VNPT Express Joint Venture debuted in Ho Chi Minh City, on April 24. The joint venture between DHL, one of the world’s leading courier and logistics companies, and Viet Nam Post and Telecommunications Group (VNPT), was invested with 5.8 million USD in capital. Fifty-one percent of which was contributed by DHL. According to the joint venture's director general, Tim Baxter, Viet Nam is one the fastest growing markets for DHL with the company already enjoying a 40 percent market share. Observers believe that, the joint venture will enable shorter supply and express service times for Viet Nam-based clients. The new company will also be able to utilise DHL's already existing global network that covers more than 200 countries and territories world-wide.-Enditem
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