Vietnamese logistics firms remain small, overpowered by foreign servicesVietNamNet Bridge - A Ministry of Planning and Investment (MPI) report has found that most domestic logistics firms are small or very small with limited financial capability. Vietnamese logistics firms are small and very smallNinety percent of businesses have registered capital of less than VND10 billion and only 1 percent of businesses have more than VND100 billion. Foreign logistics firms in Vietnam have big clients as they are parts of multi-national groups which sign contracts with large shipping lines, and have modern management technology. Vietnamese firms only undertake simple jobs such as inland transport, customs agents and storehouse services. Vietnam has a Commercial Law and legal documents related to Vietnam’s logistics development.

Source: VietNamNet News May 19, 2018 07:41 UTC