Militzer & Münch opens new subsidiary in Vietnam
19 December 2023 09:16
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