logistics cost

Update news logistics cost

The government wants its agencies and businesses to reduce logistics cost to enhance the competitiveness of the country’s goods. 

High logistics costs reduce competitiveness of Vietnamese goods

Inflated logistics costs were hampering the competitiveness of Vietnamese goods, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

High logistics costs engulf Vietnam’s businesses

Logistics fees in Vietnam account for 20.9 percent of the country’s GDP, of which transport costs account for 60 percent, twice as much as developed economies such as Japan (11 percent) and EU countries (10 percent), according to the World Bank.

70% of logistics service fees could fall into foreigners’ hands

VietNamNet Bridge - As many as 3,000 Vietnamese logistics firms have to compete fiercely with 29 multinational companies to have the right to carry Vietnamese exports to the world market.