Chasen Holdings says wholly-owned Malaysian subsidiary Chasen Logistics Sdn Bhd (CLSB) has secured a relocation service contract with a major semiconductor company to move in machinery and equipment to its new Vietnam manufacturing facility in Ho Chi Minh city.

This two-year contract which started in December will support the inward shipment of the customer’s machinery and equipment bought from equipment manufacturers, as well as machinery and equipment that are being relocated from other foreign locations to the new manufacturing facility in Ho Chi Minh city.

Meanwhile, Chasen says it is in the process of forming a joint venture with a major local logistics company in Ho Chi Minh City.