Interlink Joint Stock Company (Vietnam)

The subject - INTERLINK JOINT STOCK COMPANY was officially set up in Feb 2002. Its major business activity is providing logistics services such as sea and air transportation, customs services, warehouse rental, inland transportation, etc. Its some customers include Nippon Steel, Samsung, Fannwood, Yakult, Sakai Vietnam, Imiti, Adidas, Toda Corporation, Nakashima, Midori Anzen, Grandhome Stone Vina, Bommer, Licogi 16, Wanda Group, Vietnam Samho Co., Ltd, EVN, etc. In addition to head office, the subject also has a branch in Hai Phong City. Total labor force of the subject is about 150 employees now.Logistics is one of the important sectors of the economy, playing a role in connecting production, distribution and consumption activities of goods. In recent years, Vietnam's logistics industry has made strong developments, with an average growth rate of 14% - 16%/year. Mordor Intelligence's forecast for the freight transport and logistics industry has a market capacity of USD 45.19 billion, a compound growth rate (CAGR) of 6.34% in the period of 2023 - 2029.Faced with unpredictable negative developments in the global economy, export and import turnover of goods in the first 11 months of 2023 decreased compared to the same period of previous year, with a decrease of 5.9% and 10.7% respectively. In general, for the first 11 months of 2023, the total volume of freight transport in Vietnam is estimated to reach 2,062.3 million tons, an increase of 12.9% over the same period in 2022. In particular, inland waterway transport has the largest increase (reached 18.5%). Air, road and sea transport increased by 13.6%, 11.7% and 9.9% respectively. With rail transport alone, the volume of goods recorded a significant decrease of 22.4%. Considering the cumulative volume of goods through the seaport each month in 2023, in January, there was a negative growth in the volume of goods through the port. By the end of the first quarter, only the amount of goods imported through seaports recorded positive growth. Cumulatively in the first 8 months of 2023, the amount of exported goods has not recorded improvement, but has tended to worsen. On the contrary, imported and domestic goods have grown positively but the number has not exceeded 4.0%.Business results in the first 9 months of 2023 in the context of global economic decline have shown that domestic logistics businesses are currently facing many challenges. That is a decrease in the number of orders when the economy grows slowly and there is a lot of political instability in the world. The logistics industry is associated with the production, distribution and consumption of goods domestically and internationally. When unfavorable factors for the economy exist, such as political instability and high inflation after stimulus policies in many countries during the Covid-19 period, it has marked the end of the period of hot growth, it is difficult for the economy to avoid growth slowing down. This is the negative factor that has the fastest impact on logistics businesses, especially those serving international logistics activities.​