YUSEN LOGISTICS (VIETNAM) CO., LTD

With more than 17 years of continuous operation in the Vietnamese logistics landscape, YUSEN LOGISTICS (VIETNAM) CO., LTD (CÔNG TY TNHH YUSEN LOGISTICS (VIỆT NAM)) has positioned itself as a strategic partner for global supply chains operating in and out of Southeast Asia. Founded on December 6, 2007, and officially registered under Business ID and Tax Code 0101936701, the company operates as a foreign direct investment (FDI) enterprise, headquartered in Room 805, HITC Building, No. 239 Xuan Thuy Street, Cau Giay District, Hanoi.

The legal structure of the company is a limited liability company, with ownership dominated by YUSEN LOGISTICS (SINGAPORE) PTE. LTD., holding 99%, while the remaining 1% belongs to Vietnam-based Vietnam Ocean Shipping Agency Corporation. Its charter capital amounts to USD 328,664, with a paid-up capital of USD 261,888 as of March 2024.

Under the leadership of General Director Mr. Masahiko Kaneko, a Japanese logistics expert, the company manages a nationwide network that includes major branches in Bac Ninh, Da Nang, and Ho Chi Minh City. With a workforce of approximately 1,500 employees, Yusen Logistics Vietnam delivers a wide suite of services: international freight forwarding, inland transport, warehousing, customs declaration, and third-party logistics solutions tailored to manufacturers, exporters, and importers across sectors.

From a financial perspective, 2024 marked a challenging year. Total revenue fell sharply to USD 129.52 million, a 38.82% drop from 2023, while net profit declined to USD 3.8 million, down 63.46% year-on-year. These results mirror broader contractions in global trade and freight rates post-pandemic. However, owner’s equity remains solid at USD 37.51 million, and working capital sits at a healthy USD 21.35 million, offering the company resilience amid economic fluctuations.

Total assets, meanwhile, contracted for a second consecutive year, down to USD 66.4 million in 2024 from USD 77 million in 2023, as the company likely streamlined operations to maintain profitability. While growth has slowed, Yusen Logistics’ fundamentals remain intact thanks to the backing of its Singaporean parent company and the group's deep logistics experience in Asia-Pacific.

The company's registered business activities include warehousing, motor vehicle leasing, and a broad spectrum of transportation support services, which collectively enable it to function as an end-to-end logistics provider. Its physical presence in key industrial zones—from Bac Ninh in the north to Da Nang and Ho Chi Minh City in the central and southern regions—underscores its commitment to servicing Vietnam’s manufacturing hubs.

YUSEN LOGISTICS (VIETNAM) CO., LTD stands as a critical logistics partner in Vietnam’s export-driven economy. While recent years have brought market volatility, the company’s strong equity base, diversified geographic reach, and comprehensive service portfolio ensure it remains a reliable choice for international supply chain solutions in Vietnam.