Militzer & Münch opens new subsidiary in Vietnam

19 December 2023 09:16

St.GallenBodensee

St.Gallen/Ho Chi Minh City - The forwarding company Militzer & Münch has established a new national subsidiary in Vietnam. In so doing, the company is expanding its business activities in Asia.

Militzer & Münch (M&M), a logistics company based in the St.GallenBodenseeArea, has opened a new national subsidiary in Vietnam. With the new branch office, M&M is seeking to expand its footprint on the Asian market, further details of which can be found in a press release. After China, Malaysia, Sri Lanka and New Zealand, Vietnam is the fifth country across this market region in which M&M has established a national subsidiary. The headquarters of M&M Vietnam are located in Ho Chi Minh City, which is an economic and trading hub within Vietnam that is situated on the South China Sea.

“Within a few years, Vietnam has developed from one of the world’s poorest nations to a middle-income country”, comments Andreas Löwenstein, Regional Managing Director Asia / Far East at Militzer & Münch, in the press release. He adds: “We therefore see good opportunities for successful development while at the same time strengthening our network in the region with the new country unit”. ce/ww

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