Vietnam logistics industry draws global attentionAs Vietnam emerges from international isolation and opens its markets, the expanded commercial trade offers significant opportunities for foreign transnational transportation and logistics companies, reports the Oxford Business Group. The more prosperous consumer base requires a larger and more serviceable transportation and logistics segment to cater to both enhanced domestic as well as the expanded international demand. To keep up with the heightened requirements, the Vietnam government has been gradually opening the transportation and logistics segment to more extensive foreign involvement. The liberalization of the segment has led directly to a steady influx of foreign logistics companies entering the local market. Currently, it takes on average 138 hours for imports to be cleared with exports requiring 108 hours, according to data from the Vietnam Logistics Association.

Source: VietNamNet News July 12, 2017 07:52 UTC