Japanese logistics company Sagawa Holdings announced on February 1 that it would test its delivery service in Vietnam this month and officially begin operations by early March.
This year, the company will spend 100 million yen (US$1.2 million) on recruitment training, trucks and motorbikes for delivery of goods. It targets an annual turnover of 1 billion yen ($12 million), for the next three years.
Initially, the company will deliver goods in Hanoi and Ho Chi Minh City, and between the two cities. It will offer secure delivery of goods within a day in inner city areas at $4.2 per package, and 3-4 days delivery time between Hanoi and Ho Chi Minh City at $7.6 per package.