Giang Nam Logistics Joint Stock Company (Vietnam)

The subject gets involved in providing logistics services. Some typical services comprise of waterway and road transport, warehouse, cargo handling, custom clearance… Main customers are Inland Container Depots (ICD) in Ho Chi Minh City, Cai Mep – Thi Vai port, Mekong Delta and Cambodia. Over the year of development, the subject supplies services to largest container shipping companies such as MAERSK, MSC, OOCL, NYK, HANJIN…Logistics industry has suffered from adverse impact of COVID 19 on global supply chain. The pandemic caused a drop in average revenue from 10% - 30% in first months of 2020. More meticulously, COVID 19 forced factories to suspend operation. This incident led to a reduction in demand for goods delivery and transportation. Other services like cargo handling, warehouse, customs… occurred at the same propensity. Some markets like China, South Korea, Japan and Singapore… restrained trading activities with other countries. For waterway transport, goods must go throughout stringent testing process. That prolonged procedures and slowed down turnover significantly. Under this context, transactions could be acceptable but under periodic monitoring.