Korea Express-Saigon Port joint venture formed

5/13/2009 9:42:15 AM

Korea Express Company has signed a deal with Saigon Port to set up an equally-footing joint venture with the total invested of US$4 million.   The Korea-Saigon Port joint venture will provide logistics, warehouse, transport, and repair services. The company has also won a contract to provide logistic and container loading services at Posco Group’s port in Ba Ria-Vung Tau Province.   Nguyen Uyen Minh, director of Ba Ria-Vung Tau branch of Saigon Port, said that the joint venture will finish procedures and start operating one month later.   Cargo News Asia

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