BackStories » Vietnam » UPS Becomes Vietnam's First 100% Foreign Owned Shipping Company

UPS Becomes Vietnam's First 100% Foreign Owned Shipping Company

UPS has officially become the first 100% foreign owned shipping company in Vietnam. Concidering the state of shipping serice in Vietnam, this may symbolize a big step forward.

UPS has been active in Vietnam since 1994 and with many foreign economies slumping in the global recession, UPS jumped at the opportunity to expand in a growing market.

According to UPS country manager, Jell McLean, being a 100% foreign owned company has its advantages:

“Being 100 per cent owned gives us greater control and freedom over how we invest in the country so that we can help Vietnam’s businesses grow beyond Vietnam and export their products into neighboring countries and even to Europe and the US.”

UPS currently has facilities in Ba Ria-Vung Tau, Binh Duong, Hai Duong and Bac Ninh provinces and employs 270 employees. Following their move to 100% foreign ownership, UPS plans to improve service with not only more facilities and workers but with improved technology:

“One example is that we are upgrading our hand-held technology in Vietnam with a device called Diad. This is the fifth generation of our hand-held device which can scan the barcode on a package when we come to your company to pick up the package. When we close that package for export and fly to another country and deliver it to our the end customer, the receiver will able to track the progress of the package via the internet."

As we've written previously, getting packages in Vietnam is a game of luck. Perhaps this news will result in more reliable shipping both domestically and internationaly. To read about this story, make your way over to Vietnam Investment Review.

Related Articles

in Vietnam

$14 Million Approved For Restoration Of Hanoi’s 112-Year-Old Long Biên Bridge

The fate of one of Vietnam’s most beloved and storied structures took another positive turn last week when the government approved a $14 million restoration package for Long Biên Bridge.

in Vietnam

10 Beautiful Photos of Sapa's Majestic Snow

Last weekend's snowstorm in Sapa drew photographers from all over northern Vietnam who jumped at the opportunity to capture some great photos of the town's snow-covered hills, roads and residents.&nbs...

in Vietnam

104-Year-Old Great-Great Grandmother Fights Off Robber

Taking advantage of the elderly will inevitably result in some bad karma, a lesson a Dong Nai man quickly learned after attempting to rob Vo Thi Bai, a 104-year-old woman.

in Vietnam

116-Year-Old Recognized As Vietnam's Oldest Man

The Vietnam Record Organization (VRO) has recognized 116-tear-old Y'N Dong of Đắk Nông Province as the country’s oldest man, reports Vietnam Net.

in Vietnam

12 Dead, 41 Injured After Illegal Bus Falls Into Gorge Near Sapa

12 people have been reported killed and 41 injured in a bus accident in the hills of Northern Vietnam’s Lao Cai province, reports VN Express.

in Vietnam

16 Dead In Hanoi Helicopter Crash

According to VNExpress, early this morning, a helicopter crashed in Village 11, Thạch Hoà, Thạch Thất District, Hanoi, injuring many people.

Partner Content