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Services accounted for 20.9% of logistics Vietnam GDP
Vietnam now has over 1,300 logistics companies. Logistics services are size 20-22 billion / year, accounting for 20.9% of GDP.
Logistics is the new law will play an increasingly important role for the economy, because this is an anonymous aggregate activity lines, including multiple stages of: receiving, warehousing, customs procedures, transportation, logistics ... and many other services related to the goods. The effectiveness of this process is important in determining the competitiveness of the industry, to import and export goods and trade in each country.
According to the Business Association Vietnam logistics (VLA), the country has over 1,300 active logistics companies, including foreign-invested enterprises. Logistics services in Vietnam size 20-22 billion / year, accounting for 20.9% of GDP.
If alone, the most important factor in the transport logistics, accounting for 40-60% of the cost, it also is a huge service market.
However, in the market, foreign logistics companies are only about 25 business operations, but accounted for 80% market share, more than 1,200 domestic logistics enterprises of Vietnam holds the remaining 20% market share, the domestic companies mostly operate in several segments, such as logistics services, warehousing, customs procedures, consolidation of market share in retail and ports.
Besides, Vietnam's logistics costs accounted for about 25% of GDP per year, much higher than countries such as China or Thailand, wasting a lot of resources in the country.