NYK Line takes full control of its Vietnam subsidiary

NYK Line takes full control of its Vietnam subsidiary

NYK Line has announced that it has purchased the 49% equity shares in NYK Line (Vietnam) from its local joint venture partner VOSA Group of Companies and NYK Line (Vietnam) has become a wholly owned subsidiary of the company.

NYK Line set up in Vietnam nine years ago under a joint venture agreement. Recently the Vietnamese government approved the company’s application to fully control its Vietnamese subsidiary.

NYK Line carries about 300,000 teu to and from Vietnam annually, connecting the country to the world through 12 direct liner services.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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