Vietnamese businesses seek higher market share in logistics marketVietNamNet Bridge - Vietnam now has favorable conditions for logistics services to develop: an e-commerce boom, increased consumption, and shift of production from China to SE Asia. Vietnam now has favorable conditions for logistics services to develop: an e-commerce boom, increased consumption, and shift of production from China to SE Asia. Kline Gemadept Logistics with PDI function that serves car importers/exporters has also become operational.While Gemadept’s shipping services are still in big difficulties, logistics services have been making large contributions to the company’s business.In 2014, the pure revenue from logistics reached VND1.875 trillion out of the total revenue of VND3.013 trillion. In 2016, for example, the port development brought 43 percent of total revenue, while logistics services 57 percent.A report of WB showed that Vietnam ranks 64th among 160 countries in terms of logistics development level and fourth in ASEAN, after Singapore, Malaysia and Thailand. RELATED NEWSVN logistics firms increase cross-border transportVietnam develops logistics services for exportsKim Chi

Source: VietNamNet News August 11, 2017 05:03 UTC