Symphony acquired a significant minority stake in Vietnam-based Indo Trans Logistics Corporation (“ITL”) in July 2019. ITL, founded in 2000 as a freight-forwarding company, has since grown to become one of Vietnam’s ‘National Champions’, and is the largest independent integrated logistics company with a network across Vietnam, Cambodia, Laos, Myanmar, and Thailand. The company’s strong presence in road, rail, air, and sea logistics services make it an attractive local partner for multinational firms operating in Vietnam.
ITL’s mandate to support small and medium local enterprises, in our view also complements and benefits the rise of the regional middle-class population with disposable income in Vietnam and across the Indochina region.
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