PROJECT

Projects

Summary of Investment Information

Project Number

41523

Company Name

ITL CORPORATION

Date SPI Disclosed

Jan 20, 2020

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Feb 20, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Feb 27, 2020
Signed : Jun 16, 2020
Invested : Jul 23, 2020

Sector

Other Support Activities for Transportation (Grain Terminals, Cargo Terminals, Airport Operations)

Project Description

Indo Trans Logistics (“ITL”), founded in 2000 with the headquarters in Ho Chi Minh City, Vietnam, is one of the leading logistics companies in Vietnam. Over the years, through organic growth, selective acquisitions, and strategic partnership with key logistic players, ITL has become the logistic solutions provider for integrated 3PL logistics, aviation services, freight forwarding, warehousing and contract logistic in Vietnam.

ITL has 81 offices servicing more than 30 cities across Vietnam, Cambodia, Laos, Myanmar, Thailand, and Singapore. It has 17 subsidiaries and 7 associate companies.

ITL’s business is divided into the five main segments:

- Aviation Service: ITL is acting as General Sales and Services Agent (GSSA) for air cargo handling around 200 flights per week in Vietnam and Indochina. In addition to cargo sales, ITL also provide value-added services to air cargo (space management, load distribution, cargo checking etc.)

- Freight forwarding/ Transportation: ITL offers air and sea freight management, multi-modal transport, road haulage, railways, and customs brokerage.

- Warehousing/ Contract Logistics: ITL provides logistics solutions to customers, including warehousing and inventory management, distribution and transportation.

- Visa Application Center: ITL provides visa application services to consular sections as a sub-contractor for VFS Global – a global company on visa application services).

- Express delivery services: ITL provides express delivery services / cross-border delivery service for e-commerce markets.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation