VIETNAM: Logistics firms face plenty of woes

Most logistics services providers in Vietnam have been operating for just fi ve years, with limited capital of 1.5 billion Vietnamese dong (US$93,700) each, local newspaper Vietnam News reported, without naming any source. Many logistics fi rms have not established representative offi ces abroad, were short of professionals and had limited understanding of international laws, […]


Most logistics services providers in Vietnam have been operating for just fi ve years, with limited capital of 1.5 billion Vietnamese dong (US$93,700) each, local newspaper Vietnam News reported, without naming any source.

Many logistics fi rms have not established representative offi ces abroad, were short of professionals and had limited understanding of international laws, particularly those relating to logistics services.

There are nearly 900 companies involved in logistics services, of which 97 are members of the Vietnam Freight Forwarders’ Association.

Vietnam’s long border and coastline are two comparative advantages, allowing the local logistics industry to use various forms of transport and set up chains of logistics services supply. The country’s expected robust growth in import and export in the next decade will also help further develop the industry, said the report.