Samsung sets up logistics company as market heats upVietNamNet Bridge - Setting up a logistics joint venture with Minh Phuong, Samsung has shown that it wants to jump into a new business field in Vietnam. But the move may trigger a new war in the domestic logistics market. To take part in the domestic logistics market, where road transport makes up 65 percent of the market share, joining hands with Minh Phuong was the most efficient choice. Meanwhile, in the domestic logistics market, local enterprises are still dominant. Samsung is not the only foreign investor setting up a joint venture with a Vietnamese company to obtain domestic market share.

Source: VietNamNet News August 10, 2017 09:00 UTC