Linfox has become the first foreign logistics company to operate in Laos with the signing of a joint venture with the Lao Logistics Group.
The joint venture enables Linfox to provide transport services throughout Laos in partnership with local businesses and people.
CEO of the Linfox International Group Gabby Costigan said the partnership provides Linfox with a foothold in the emerging economies of the Mekong Delta region.
“Expansion into the greater Mekong Delta countries of Laos, Myanmar, Vietnam and Cambodia is a key objective of Linfox’s business strategy,” said Ms Costigan.
“We see great potential in this region, not only for Linfox, but for the local communities and economies.
“Laos’s position in relation to its neighbours offers enormous potential as a land-link and location to build further trade connections internationally.
“It will also generate real income for local business and promote increased investment in the region through the provision of efficient and cost-effective logistics services.”
The partnership will also open up new opportunities for Laos to grow relationships with its Association of Southeast Asian Nations (ASEAN) trade partners.
“We believe this joint venture is a positive step towards achieving ASEAN’s regional economic integration agenda,” said Ms Costigan.