U.S.-based BDP International, a privately-held, U.S.-based third-party logistics provider (3PL), has spun off a new subsidiary company with the intention of becoming a major player in Vietnam's growing logistics sector. The new company, BDP International (Vietnam), will be a fully integrated unit of the parent company.
While the headquarters will be in Ho Chi Minh City, BDP will also have representation in the other commercial Vietnamese centers of Danang and Hanoi.
According to Mike Andaloro, managing director of BDP Asia Pacific, "We are seeing a growing demand for Vietnamese produced goods in North America and Europe as well as in other parts of Asia. 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. 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 [Vietnamese] market."
BDP will target chemical, healthcare, retail, telecom, electronics and other manufacturing industries. Vietnam will be a key element of BDP's strategy in Asia over the next decade, Andaloro states.
