Hanoi (VNA) – The Mercantile Exchange of Vietnam (MXV) and Singapore-based CWT International Limited, a leading provider of logistics and related engineering services, on December 5 signed a Memorandum of Understanding (MoU) for strategic cooperation in commodity logistics.
This collaboration marks a significant milestone in expanding international partnerships and sets the stage for robust growth in Vietnam’s logistics and supply chain sectors.
Under the MoU, CWT will provide logistics and warehousing services, supporting the import and export of goods for businesses trading commodities via MXV. The partnership enables domestic enterprises to leverage CWT’s advanced warehousing systems in Vietnam and abroad, optimising transport, storage, operational costs, and delivery processes.
Speaking at the event, Nguyen Duc Dung, MXV Deputy General Director stressed that collaborating with a globally reputable partner like CWT is expected to provide exceptional value to businesses in Vietnam and significantly contribute to the development of the national supply chain while promoting international trade.
CWT operates a vast logistics network, including warehousing systems and logistics distribution centres across 200 seaports and 1,600 domestic destinations worldwide. Its services range from physical goods transport and supply chain management to strategic logistics consulting.
Raymond Sha, Executive Vice President of CWT, underscored Vietnam’s immense potential in logistics and commodity trading, saying that Vietnam has all the elements to become a logistics hub in the region.
The combination between CWT’s global network and MXV’s deep understanding of the local market marks a significant step in delivering comprehensive logistics solutions for Vietnam and the Southeast Asian region, he said./.
VNA
