Cargolux expands with Samsung, LG and Microsoft in Vietnam

Cargolux expands its presence in Vietnam with 5th weekly flight as air cargo shipment grew by as much as 23% in 2014

Responding to shippers’ demand for additional air freight space, Cargolux Airlines will expand its cargo services to Vietnam with the introduction of a second weekly flight to Ho Chi Minh City and a fourth frequency to Hanoi. The new flight is scheduled to start on 2 December and operates every Tuesday, leaving Luxembourg at 05.05 with arrival in Ho Chi Minh City at 19.20 and Hanoi at 22.55 (all times GMT). The return flight arrives back in Luxembourg at 14.05 on Wednesday.

Cargolux has served the Vietnam market since 2007, carrying a wide variety of cargo. Its customers forecast substantial increases in volumes for next year, driven by an increase in electronic shipments as Vietnam boosts its exports by air. Samsung, the biggest investor in Northern Vietnam, is building up its Vietnamese production of LCD monitors during the first quarter of 2015 in Ho Chi Minh City. The company already operates factories in the Bac Ninh province since 2009 and at Thai Nguyen since 2013.

Microsoft has, after it acquired Nokia, transferred production lines from a number of countries to Vietnam and will operate 39 production lines of smart phones in that country by 2015 with an estimated export volume of up to 50,000 tonnes annually. LG Electronics is investing USD 1.5 billion in a new production facility for smart phones at Hai Phong City. The company already manufactures electronic goods such as televisions, refrigerators and air conditioning units in Vietnam.

Approximately 48% of all exports from Hanoi are destined for Europe and the US, while 33% go to Asian destinations. Ho Chi Minh City exports 50.5% to Europe and the US. The Vietnam Transport Ministry expects air cargo shipments to grow by as much as 23% in 2014 while industry experts say the country’s exports will be about 80 per cent of its gross domestic product this year after total exports rose 13.4 per cent from a year earlier to USD123 billion in the 10 months through October 2014.

Vietnam’s GDP between January and October 2014 has grown 5.54% against the same period in 2013; export turnover increased 13.4% while import turnover rose by 11.2%.

www.cargolux.com

Quelle: LogEastics
Portal: www.logistik-express.com