Cargill wants to enter Vietnamese market
The US-based Cargill Inc. is seeking permission from authorities to establish its distribution arm in Vietnam, with commodities being confined to a group of agricultural-based products, according to General Director of Cargill Vietnam Truong Chanh.
Currently, operations of the US-based giant on the
Vietnamese market are conducted via its representative office. “So we cannot
keep close watch of goods handling and distribution of products to
customers,” Chanh said. “For example, when Cargill ships soy beans into
Vietnam, we must ask 10-12 customers to receive goods right at the port. This
makes difficulties for both Cargill and customers. Adding that with the
permission, it could deliver products to warehouses and then distribute them to
customers.”
Increase production
Cargill Inc has had its presence in 66 countries with
the annual revenue of more than US$66 billion.Cargill Vietnam, which was
established in 1995, operates four animal feed factories and 1 in the process of
building three more large-scale ones so as to increase annual production to
750,000 tons in 2010 from the current 450,000 tons.
More links: Cargill
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