Hyundai Merchant to develop Vietnam port facilities
SEOUL, July 9 (Yonhap) -- Hyundai Merchant Marine Co., South Korea's biggest shipping line by sales, said Sunday it will work with a Vietnamese company on a port development project in the Southeast Asian country.
Hyundai Merchant Marine signed an initial agreement with Saigon NewPort to jointly develop and operate port terminals and other logistics facilities, the company said in a statement.
"Vietnam is a strategically important market (for shipping lines). This year, Hyundai Merchant's shipping volume to Vietnam is likely to jump more than 50 percent compared with last year due to rising demand in emerging markets," Hyundai Merchant CEO Yoo Chang-keun said in the signing ceremony held in Ho Chi Minh City.
Hyundai Merchant currently operates four routes to Ho Chi Minh City and Hai Phong.
kyongae.choi@yna.co.kr
(END)
-
1 
BTS, Leenalchi, Jeongmilla sweep prizes at Korean Music Awards
-
2 
J-Hope releases new song 'Blue Side' on 'Hope World' anniversary
-
3 
BTS earns 2nd 'million point' song on Oricon chart with 'Dynamite'
-
4 
BLACKPINK's Rose to drop solo album next week
-
5 
BTS performs 'BE,' surprise Coldplay cover on 'MTV Unplugged'
-
1 
BTS, Leenalchi, Jeongmilla sweep prizes at Korean Music Awards
-
2 
BLACKPINK's Rose to drop solo album next week
-
3 
(Yonhap Interview) Jeongmilla: the artist who sings Seoul's blue hill neighborhood in 'CheongPa Sonata'
-
4 
U.S. court orders N. Korea to pay US$2.3 bln over 1968 capture of USS Pueblo
-
5 
Monsta X member apologizes over 'immature behavior' amid bullying accusations
-
1 
S. Korea to roll out prototype of first homegrown fighter jet next month
-
2 
Hundreds of cars trapped on coastal highway amid heavy snow
-
3 
Over 80 foreigners test positive for COVID-19 in Dongducheon
-
4
(LEAD) Hundreds of cars trapped on coastal highway amid heavy snow
-
5
(LEAD) Over 80 foreigners test positive for COVID-19 in Dongducheon
