Cosco Shipping - China's shipping giant - and auto manufacturer, FAW Group, have signed a strategic cooperation agreement to develop the supply chain for the automotive industry.
Under the agreement, the two sides will promote joint venture projects, explore emerging markets and develop innovative business models to provide leading solutions for the global automotive supply chain, as well as digitized supply chain ecosystem, green and smart development.
In October this year, Cosco Shipping and FAW Group signed an agreement to transfer shares and transfer 5% of the company's shares to the automaker to expand supply chain cooperation and strengthen business development in another country.
Cosco Shipping believes that the cooperation with FAW Group can further optimize the auto transport model and promote integrated development between advanced manufacturing and modern service industries.
FAW Group is the largest automobile manufacturer and seller in China, expanding its footprint in the global market and exporting new energy automotive products.
As the United States officially imposes countervailing duties of up to 46% on certain export products from Vietnam, the Vietnamese logistics sector is facing significant challenges—including rising operational costs, longer shipping times, and the risk of supply chain disruptions.
It is evident that digitalization has become the defining trend of the modern era. Across all industries and sectors, businesses are shifting from traditional development strategies to automation and digital transformation, aiming to optimize operational efficiency and productivity.
Europe remains one of the most important and promising export markets for Vietnamese enterprises, especially following the implementation of the EU–Vietnam Free Trade Agreement (EVFTA). With a population of over 740 million and a total GDP of approximately USD 18 trillion, the region has a strong and diverse demand for imports ranging from agricultural products and processed foods to industrial goods, electronics, and textiles.
In an effort to continuously enhance our position and expand our global network, Glotrans actively participated in the PPL AGM 2025 Annual Meeting in Hong Kong from May 25 to May 28. This is a key event, providing us with valuable opportunities to enhance our expertise and develop international partnerships.
On May 18, 2025, Glotrans HCM officially entered its 13 years of operation, marking an ever-growing journey in international logistics and freight forwarding.
