[SG Holdings Global] Expansion of total logistics services in Vietnam from 1 May, 2015 with addition of SG SAGAWA VIETNAM, a new 100% owned subsidiary (4/22/2015)
SG Holdings Global Pte. Ltd. (Head office: Singapore; Representative Director: Nobuaki Kondo; Abbreviation: SGHG), the overseas operation headquarters of SG Holdings Group, has added a new 100% owned subsidiary SG Sagawa Vietnam (Head office: Ho Chi Minh City; President: Junji Shimasaki: Registered name: SG SAGAWA VIETNAM CO., LTD.) alongside its long-established joint venture company Sagawa Express Vietnam (Head office: Ho Chi Minh City; President: Junji Shimasaki: Registered name: SAGAWA EXPRESS VIETNAM CO., LTD.). The new subsidiary will commence transportation and logistics services within Vietnam from 1 May, 2015.
SG Sagawa Vietnam's vehicles traveling
SGHG has proactively rolled out operations in Vietnam in areas such as freight forwarding, international express delivery, domestic door-to-door delivery services and moving services via Sagawa Express Vietnam, established as a joint venture company in partnership with Vietnamese capital. In the wake of the relaxation of regulations on foreign investment in Vietnam since the Government of Vietnam became a member of the World Trade Organization (WTO) in 2007, SGHG submitted an application to the Vietnamese Ministry of Planning and Investment to establish a 100% owned subsidiary. The company was established following approval of the application in March of this year.
Going forward, operations covered by the relaxation of regulations will be transferred from Sagawa Express Vietnam to SG Sagawa Vietnam, and both Vietnamese business ventures will work in partnership to develop services for a wide range of consumer segments, covering both corporate and individual demand.
Having rolled out international and overseas operations centering on China and the ASEAN region via the 23 corporations it has in 14 countries, in June 2014 SGHG bought up international freight forwarder company Expolanka Holdings PLC (Registered name: EXPOLANKA HOLDINGS PLC), and is currently stepping up its efforts to set up a global network comprising 105 subsidiaries in 24 countries, based on its policy of reinforcing its overseas business operations as promoted in the Third Stage Plan, the mid-term management plan of SG Holdings Group.
SG Sagawa Vietnam plans to provide a variety of logistics services with an eye to the wide range of business opportunities found in Vietnam, a country which is increasingly in the international spotlight.
Main Business Activities
- Air and ocean freight forwarding
- International express delivery
- Delivery services (domestic door-to-door services, frozen delivery services etc.)
- Moving services
- NB: The activities are planned to be transferred from Sagawa Express Vietnam from 1 May, 2015 as appropriate.
|Trade Name||:||SG SAGAWA VIETNAM CO., LTD. (Japanese official name: SG佐川ベトナム)|
|Head Office||:||LOT 117, Linh Trung EPZ, Thu Duc Dist., Ho Chi Minh City, Vietnam|
|Established||:||6 March 2015|
|Main Shareholders||:||SG Holdings Global Pte. Ltd. (100%)|
|Representative||:||President Junji Shimasaki|
|Capital||:||USD 5 million|