Vinalines Logistics Vietnam Joint Stock Company (Vinalines Logistics) will improve logistics services and expand operational network in a bid to realise its target of attaining at least 10 percent in profit growth.

General Director of the company Mai Le Loi said that the firm will open more warehouses in Ha Nam and Vinh Phuc provinces to serve demand of Honda Vietnam Company Limited.

An expansion will take place at a logistics centre of the Hanoi-based Hoa Lac Hi-Tech Park to satisfy the need of Japanese investors, he added.

Regarding domestic logistics activities, increasing the number of refrigerated containers on North-South transport route and improving door-to-door delivery services will be focused.

Meanwhile, the firm will cooperate with foreign partners to develop its international maritime logistics. For railway transport, the company will work to better capacity on the route from Hai Phong and Yen Vien-Dong Dang to China’s Nanjing and then European countries.

Touching on the company’s performance in 2018, Loi said that Vinalines Logistics raked in an estimated 3.5 trillion VND (150.8 million USD) in total revenue, and over 20 billion VND (861,700 USD) in after-tax profit.-VNA