[SG Holdings Global] SG HOLDINGS GLOBAL enters into a Memorandum of Understanding on Building Partnership with Vietnam's leading property developer, Vingroup JSC. (11/22/2016)
SG HOLDINGS GLOBAL PTE. LTD. (headquarters: Singapore, President: Tomoki Sano), the overseas headquarters of SG Holdings Group, entered into a Memorandum of Understanding on building partnership in the field of logistics business with Vietnam's leading property developer, Vingroup JSC (headquarters: Ha Noi, Chairman: Pham Nhat Vuong).
- Signing Ceremony
Left : Vingroup JSC, Vice Chairman, Thai Thi Thanh Hai
Right : SG Holdings Co., Ltd. President & COO, Tadashi Machida
Vingroup's core business is in the real estate development. It is also involved in the fast-growing Vietnamese consumer retail market. Vingroup is running stores including VinMart (supermarket) and VinMart+ (convenience store) throughout the country.
The partnership with Vingroup aims to solve the logistics issues in tandem with the growing retail business. This partnership will promote mutual growth in the future through the provision of various logistics support by SG Holdings Global and Sagawa Express Vietnam･SG Sagawa Vietnam (local subsidiary of SG Holdings Global)
Through this memorandum, Sagawa Express Vietnam･SG Sagawa Vietnam will be able to provide comprehensive logistics services such as logistics center management, delivery system development, In-house logistics, cargo handling, etc. to Vingroup's retail businesses and their large shopping malls. SG Holdings Group shares its know-how on logistics operations developed in Japan as well as various countries with Vingroup. In addition, Vingroup's abundant real estate resources will help Sagawa Express Vietnam･SG Sagawa Vietnam in the discussion to expand its future offices. Through the synergies created, SG Holdings Global and Vingroup will work together to improve the customer service level.
Outline of Vingroup
|Company Name||:||VIN GROUP JOINT STOCK COMPANY|
|Chairman||:||Mr. Pham Nhat Vuong|
|Business Type||:||Real Estate, Hospitality, etc.|
|Business Activity||:||Real Estate Management, office rentals, hotel/restaurants management, entertainment facilities, agricultural and marine products sale, household appliance/drugs/cosmetics sale, medical equipment sale, education, etc.|