- Full Time Employees
- 1,706
- Sector
- Transportation
- Industry
- Air freight/Couriers
- Address
- Ha Noi Vietnam
- IPO Date
- Sep 24, 2020
- Business
- ASG Corporation is a Vietnam-based conglomerate primarily engaged in the provision of integrated logistics, airport and aviation ground services, and industrial infrastructure development. The company operates through three principal business segments: Logistics Services, Aviation Services, and Infrastructure Investment. Its Logistics Services segment provides off-airport cargo terminal operations; air cargo handling and acceptance services; domestic and international multimodal freight forwarding; containerized maritime shipping; road haulage and bonded trucking; temperature-controlled and standard warehousing; distribution center management; and customs clearance services. Its Aviation Services segment offers comprehensive commercial airline ground handling; passenger check-in and baggage handling; ramp and apron operations; aircraft cleaning and technical maintenance support; premium airport business lounges under the ASG Sky Lounge brand; airport shuttle and VIP passenger transportation; and non-aeronautical commercial retail, including duty-free shops, souvenir concessions, and food and beverage services. Its Infrastructure Investment segment engages in the development, construction, and operation of industrial parks and clusters; the leasing of ready-built factories and modern warehouses; and the installation of industrial utility and technical infrastructure systems. Founded in 2010 and headquartered at Noi Bai International Airport in Hanoi, Vietnam, the company serves multinational electronics manufacturers, commercial airlines, global freight forwarders, industrial tenants, and traveling passengers across major transport hubs in Vietnam, including Hanoi, Thai Nguyen, Da Nang, Cam Ranh, and Ho Chi Minh City. ASG Corporation operates an extensive ecosystem of more than 20 subsidiaries and affiliated companies, including ASG Logistics, Vinafco Joint Stock Company, Aviation Ground Services, Cam Ranh International Airport Services, ASG Aviation Services, and ASG Industrial Infrastructure and Development. In recent developments, the company initiated the construction of the technical infrastructure for the CN2 Industrial Cluster in Soc Son, Hanoi through its subsidiary ASGI; completed the Phase 3 expansion of its 5,000-square-meter air cargo facility in Thai Nguyen to support major high-tech manufacturers; expanded its logistics warehouse capacity in Hoa Cam, Da Nang to 7,100 square meters; commenced operations of a new ASG Sky Lounge at Terminal 1 of Noi Bai International Airport; entered into a comprehensive strategic partnership agreement with MB Bank; and raised 300 billion Vietnamese dong through corporate bond issuances alongside bond redemptions to optimize its capital structure and support subsidiary capital expansion.