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Top 3 freight forwarders in Vietnam

Top 3 freight forwarders in Vietnam

Thursday 08, 09 2022
Currently in Vietnam, there are thousands of freight forwarding companies specializing in providing different services to meet the needs of customers and support the process of transporting goods.

In the context of international economic integration, the demand for exporting goods from Vietnam to the world market or importing goods to Vietnam is increasing. However, the import and export procedures and customs clearance documents are complicated and time consuming as well as costly, making it difficult for many individuals and businesses, especially small and medium enterprises to undertake. Therefore, medium enterprises need a party with expertise and experience to handle their freight in the most favorable way. From those needs, the concept related to freight services (forwarder) was formed.

Below is the list of 3 largest freight forwarding services providers in Vietnam made by VietnamCredit.

1. VIETNAM FOREIGN TRANSPORTATION DELIVERY JOINT STOCK COMPANY

Vietnam Foreign Transportation Delivery Joint Stock Company (Vinatrans), established in 1996, formerly known as Vinatrans Hanoi, is one of the leading freight forwarding companies in Vietnam with a wide range of services.

During its operation, Vinatrans has established a nationwide system of forwarding agents, including 3 member units at key ports which are Vinatrans Hanoi, Vinatrans Hai Phong, Vinatrans Saigon and hundreds of representative offices throughout the world.

As an agent of many major shipping lines, multinational airlines and owning a large-scale warehouse system of 50,000 m2, Vintrans is confident that it has enough capacity and strong finance to meet increasingly strict delivery and shipping requirements with the fastest transit time, safety assurance and competitive freight rates.

Vietnam Foreign Transportation Delivery Joint Stock Company (Vinatrans)

In October 2018, Vinatrans established Thang Long Logistics Center - the first modern, integrated 3PL multi-functional logistics center in Hung Yen Province with a scale of 3 hectares. The center has a system of general storage, cold storage and cool storage equipped with the most advanced facilities according to world quality standards..

2. SOUTH LOGISTICS JOINT STOCK COMPANY

South Logistics Joint Stock Company (SOTRANS) was established in 1975. In 2007, SOTRANS transformed from a state-owned enterprise to a joint stock company and has been operating in the fields of multi-functional warehouse, petroleum trading, and international freight forwarding.

SOTRANS is currently one of the leading companies in international freight forwarding, and multi-functional warehouse services in Vietnam. In 2010, the company developed the Inland Customs Clearance Port with a total investment of more than VND 50 billion, and in 2017 it invested more than VND 100 billion in building SOTRANS Phu My Warehouse to complete the logistics service chain.

SOTRANS has a network of agents in more than 100 countries around the world, which focuses on major markets such as the US, Japan, Korea, and the EU.

As of December 31, 2021, SOTRANS recorded a revenue of VND 2,886 billion with an increase of 42% compared to 2020 and 24% compared to the plan. Profit before tax and after tax reached VND 302 billion and VND 246 billion, up 17% and 15% respectively.

South Logistics Joint Stock Company

Investments from previous years also contributed significantly to the company’s increased assets, raising its total assets from VND 2,339 billion to VND 2,684 billion, an increase of 15% compared to the beginning of the year.

3. VINALINK LOGISTICS JOINT STOCK COMPANY

Vinalink Logistics Joint Stock Company was formerly Logistics and Trading Joint Stock Company (Vinalink for short). The company officially operated under the model of a joint stock company on September 1, 1999, and listed shares on the Ho Chi Minh City Stock Exchange (HOSE) in August 2009.

Vinalink Logistics mainly operates in the fields of sea and air freight forwarding; multimodal transport services; domestic logistics and forwarding services; service of bonded warehouse and storage of goods; In the field of shipping agency services and marine brokerage, the company is acting as an agent for two major shipping lines, RCL and HL.

Vinalink Logistics Joint Stock Company

The charter capital of the company ncreased from VND 8 billion at the time of establishment to VND 90 billion at the beginning of 2007, of which more than half of the additional capital was due to accumulation from business profits.

Alice Hoang Thao – VietnamCredit

 

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