Vietnam-based air cargo handling company ALS Cargo Terminal (ALSC) has secured investment from AP Moller Capital to help fund automation and expansion.
The investment was made in partnership with VinaCapital-owned LogiVest and aims to capitalise on Vietnam’s ”rapidly growing trade with international markets” and reflects AP Moller Capital’s ”strong conviction in the country’s long-term economic fundamentals”.
Exact details of the amount invested were not revealed.
ALSC is based at Noi Bai International Airport in Hanoi, Vietnam, and counts international airlines such as Korean Air, Emirates and Cathay Pacific as customers.
The terminal currently handles up to 250,000 tonnes of cargo annually, with plans to expand to meet growing demand.
Jens Thomassen, partner at AP Moller Capital, said: “Gaining access to this sector requires trust, local partnerships and a proven ability to deliver.
“Our heritage in global transport and long track record of building infrastructure businesses in high-growth markets were key to opening that door.
“We are now focused on unlocking ALS Cargo Terminal’s potential through automation and process optimisation, strategic expansion, pricing and contract enhancements, and a strong focus on sustainability and ESG initiatives – what we call doing well by doing good.”
Phung Tien Toan, founder of ALSC-owner Aviation Logistics Corporation (“ALS”), said: “We welcome the investment from AP Moller Capital and VinaCapital, who offer not just capital but a combination of global expertise, local knowledge, and best practices, especially around ESG.
“This partnership and investment will enable ALS and ALSC to continue to expand and strengthen our position at Noi Bai and play a leading role in Vietnam’s logistics growth.”
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of the third quarter of 2025.
