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Costs for logistics in Vietnam accounted for 20% of GDP

According to the Ministry of Transport – Transport, logistics costs currently in Vietnam accounted for 20% of GDP. In particular, the World Bank’s report also showed that transport costs account for 50-60% higher than other […]

According to the Ministry of Transport – Transport, logistics costs currently in Vietnam accounted for 20% of GDP.
In particular, the World Bank’s report also showed that transport costs account for 50-60% higher than other countries in the region.

The expert reviews, the main thing is that limit the competitiveness of Vietnam in general and businesses in particular transport. This is really a big challenge, because from 2014 Vietnam’s logistics market officially opened.

   Costs for logistics in Vietnam accounted for 20% of GDP – Photo 1
Illustration

Meanwhile, so far, Vietnam has no plan, strategy and overall plan logistics development, the preparation of local, industry and businesses as well as from the government for opening up mold logistics school in 2014 was sporadic, spontaneous.

The number of domestic enterprises accounted for 80% of total logistics but now account for only 25% market share, 75% remaining in the hands of a number of large corporations in the world have strong financial resources, abundant human resources high quality and professionally.

WB also emphasized the requirement to modernize the system, while being rated as delays, and also persists corruption during customs clearance.

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