Update news vietnam logistics
Vietnam has been ranked in the top 10 places in the 2023 Agility Emerging Markets Logistics Index compiled by Agility, one of the world’s top freight forwarding and contract logistics providers.
Container shipping costs in Viet Nam have increased fourfold, even eightfold on certain high-demand routes compared to pre-pandemic levels, the latest logistics report by SSI Research has said.
Phan Thi Thu Hien, deputy director of the Directorate for Roads of Vietnam, spoke on the transport transaction floor in Vietnam.
Vietnamese exporters can now make origin declarations for their shipments, valued at less than 6,000 euros (US$7,100) each, to the European Union as the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect.
Container loading and unloading service charges should be increased to approach the regional level so investors would not feel hesitant when pouring money into developing seaports.
Vietnam’s logistics market has great opportunities to improve as the EVFTA has been inked and the country is receiving investment inflow from Europe.
Poor infrastructure conditions and weak connections between ports and manufacturing facilities are the biggest hurdles to seaport development.
As the pandemic brings opportunities to the e-commerce sector, the local logistics industry also has a chance to grow.
A trade representative has called for the construction of more deep-water ports in the Mekong River Delta to save money and time for seafood exporters.
Vietnam needs to untangle bottlenecks facing the logistics sector in order to boost the sectoral development on a par with that of developed countries, insiders have suggested.
Logistics costs in Vietnam account for 20-25 percent Gross Domestic Product (GDP), which is 10 percent higher than other developing nations in the region, the association said.