How many logistics companies are there in Vietnam?
30 companies
In Vietnam, over 30 companies provide international logistics services including big names like DHL, FedEx, and Maersk. Major local players include Vinalines, PetroVietnam Transport (PV Trans), and Viettel.
Why are logistics prices so high in Vietnam?
According to Mr. Nguyen Hoang Long, Deputy General Director of Viettel Post, the lack of support policies for logistics businesses and the shortage of large logistics centers are what make these costs high.
What is the upcoming development trend of the logistics industry in Vietnam?
VCN – Vietnam’s logistics industry is developing under two main trends, including logistics development in e-commerce – retail and merger and acquisition (M&A) trend in the logistics industry.
How are goods transported in Vietnam?
In 2020, the majority of freight in Vietnam was carried via road transportation, amounting to a volume of 1.3 billion metric tons, followed by water transport, railway, and aviation. Road transportation was also the main mode for carrying passengers in Vietnam that year.
Is the logistics industry growing?
According to Research and Markets, “the global logistics market was worth 10.32 Billion USD in 2017 and it is estimated to grow to 12.68 Billion USD by 2023 with a CAGR (compound annual growth rate) of 3.49% between 2017 and 2023.”
How does logistics play an important role in a country’s economy?
Logistics is an important part of the supply chain. It controls the effective forward and reverse flow of goods and services origin to recipient. This means that logistics has an impact on the shipment of goods and how quickly they can get to the consumer, again adding a competitive edge to other businesses.
What is the future of logistics?
The future of logistics will be defined by data, analyzed by artificial intelligence and driven by machines. Gartner has predicted that by 2023, AI techniques will be embedded across 50% of supply chain technology solutions.
Are logistics companies profitable?
The logistics company is one of the most profitable transportation business to start with moderate capital investment. The area of operation is vast. Logistics business is generally a particular business and implementation of a complicated process.
What are the 4 major logistic functions?
The four functions of marketing logistics are product, price, place and promotion.
What are the types of logistics?
There are four main types of logistics management: supply, distribution, production and reverse logistics. Each type focuses on a different aspect of the supply process.