Đồng Nai, November 5 – Hung Nhon Group and Thong Quan Co., Ltd. officially signed a strategic cooperation agreement today, aiming to develop and expand their business operations in the logistics market, as well as drive digital transformation within the logistics and supply chain sectors in Vietnam.

This partnership underscores a significant move by both entities to modernize logistics operations and enhance efficiency in Vietnam's dynamic economic landscape.

At the signing ceremony, Hung Nhon Group (represented by its subsidiary, Vifaco High-Tech Agricultural Materials and Equipment Import-Export Joint Stock Company – VIFACO) and Thong Quan Co., Ltd. committed to building a strategic cooperation program. This program aims to develop and expand business operations in the logistics market, both within Vietnam and internationally.

Concurrently, the partnership will drive digital transformation in Vietnam's logistics and supply chain sectors. This will create opportunities for businesses to participate in the supply chain, providing payment solutions, logistics solutions, and new models tailored to the unique characteristics of Vietnam's market.

*Ông Vũ Mạnh Hùng - Phó chủ tịch Hiệp hội Nông nghiệp số Việt Nam, Chủ tịch Tập đoàn Hùng Nhơn Việt Nam phát biểu tại lễ ký kết.*

The rapid development of e-commerce has significantly shifted consumer habits from traditional retail to online shopping. Concurrently, Vietnam's increasingly open and integrated economy boasts over $500 billion USD in import-export trade annually, with substantial volumes across road, sea, air, and rail transport.

Hung Nhon Group's Strategic Investments and Scale

Hung Nhon Group has been a key player in this evolving landscape, heavily investing in large-scale livestock farming. They utilize the most modern European technology in a closed-loop process, covering everything from breeding stock and feed to processing and slaughtering, all adhering to ISO, Global GAP, and other international specialized standards. Currently, Hung Nhon Group comprises 15 member companies and the DHN chain, with a vast farm system spanning up to 1,000 hectares across the Southeast and Central Highlands regions.

Thong Quan Co., Ltd.'s Core Business

Thong Quan Co., Ltd., led by Mr. Đặng Văn Điềm, Chairman of the Đồng Nai Young Entrepreneurs Association and Chairman of Thong Quan Joint Stock Company, specializes in a wide range of logistics services. Their core business areas include:

Multimodal freight transportation
Customs brokerage
Import-export customs consulting
Import-export ủy thác (entrustment)
Warehousing
Tax declaration
Agricultural product trading, import, and export

The collaboration between Hung Nhon Group and Thong Quan Co., Ltd. is poised to leverage these strengths to further enhance logistics efficiency and digital transformation in Vietnam's agricultural supply chain.

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