Korean venture to develop logistics net

HCM CITY — Multi-industry conglomerate C.T Group will work with South Korea's CJ Group to develop a large logistics network in Viet Nam.

C.T Land, a subsidiary of the C.T Group, on Tuesday signed a memorandum of understanding with CJ GLS Co Ltd on co-operating with each other in exploiting existing logistics facilities and developing new ones.

Existing facilities include workshops and warehouses in the southern province of Binh Duong, the northern province of Bac Ninh and the central city of Da Nang.

The two companies said they would also consider the establishment of a joint-venture company to develop a large-scale logistics system in Viet Nam.

The C.T Group has already completed building the 7.6-ha C.T Song Than Logistics Complex in Binh Duong Province's Thuan An District. The complex has normal, specialised and bonded warehouses, processing, packaging and distribution workshops and maintenance facilities.-VNS