A seminar on connecting supply and demand in training to improve the quality of human resources in the logistics industry In 2014, logistics costs in Vietnam were equivalent to about 21 percent of its gross domestic product (GDP), while in developed countries, this ranged from 9-14 percent. The logistics service industry contributed about three percent to Vietnam’s GDP in 2014. Currently, there are in Vietnam about 3,000 logistics service providers, and most of them are SMEs. The rate of outsourcing in the logistics industry remains low at 35-40 percent. Logistics service costs are still high due to limitations in terms of ICT application, management skills and high quality human resources. Moreover, linkages among logistics service providers, as well as their linkages with cargo owners remain loose. Therefore, the role and position of the logistics service industry is still incommensurate with its potential, as well as with Vietnam’s geopolitical position … [Read more...] about Increasing added value of logistics services
Logistics
70% of logistics service fees could fall into foreigners’ hands
VietNamNet Bridge - As many as 3,000 Vietnamese logistics firms have to compete fiercely with 29 multinational companies to have the right to carry Vietnamese exports to the world market. There are 3,000 domestic logistics firms in Vietnam The export costs and competitiveness of Vietnamese goods in the world market depend on logistics costs, but reports all show that the cost is very high in Vietnam. According to the World Bank, the domestic logistics cost accounts for 22.59 percent of total logistics costs. The logistics costs in Vietnam include fuel, road tolls, service at ports, underground fees and costs for the imbalance between imports and exports, as well as congestion at ports and on roads. RELATED NEWS Samsung to heat up Vietnamese logistics market Logistics FDI rises in the face of retail expansion Kim Chi … [Read more...] about 70% of logistics service fees could fall into foreigners’ hands
SNP, a leading Vietnamese logistics brand
Founded in 1989, SNP has experienced major breakthroughs and become a leading, prestigious logistics brand in Vietnam and in the region. SNP has become the biggest container port business in Vietnam, accounting for 50 and 92 percent of the country’s and Ho Chi Minh City’s import-export container stevedoring markets, respectively. Over the past three years, the corporation has always topped the 20 biggest logistics businesses in Vietnam while carving a 25-percent niche on the domestic ocean shipping market.Nguyen Nang Toan, director of the SNP’s SNP Logistics, said SNP has so far received more than 53,000 economic ships, while containers handled through corporation-managed ports totaled 585 million tonnes, an average growth of 21 percent per year, earning total revenue and profit of almost VND72.26 trillion and VND12.86 trillion. The corporation is expected to reach total revenue of VND19.5 trillion and profit of VND2.25 trillion, and pay nearly VND4.59 trillion in … [Read more...] about SNP, a leading Vietnamese logistics brand
E-logistics race spurs deliverers
Last week, DHL eCommerce launched a nationwide network of service points in Vietnam, a strategic move following its rollout of a domestic delivery network in the country earlier this year.Charles Brewer, CEO of DHL eCommerce, said that the firm will begin using the shop-in-shop model, which means DHL eCommerce will open and operate counters in local shops, convenience stores, and cafés. The company has already launched more than 100 service points and will continue to rapidly expand to more than 1,000 by the end of 2018. This new service is expected to bring about more choices and convenience for both e-tailers and consumers.Sellers can choose to wait for packages to be picked up, or locate the nearest DHL eCommerce location and drop their packages off to be shipped.In addition, the service helps consumers and online shoppers, who can direct shipments to the nearest service point for delivery and pick up at their own convenience. At the same time, the network gives shop owners an … [Read more...] about E-logistics race spurs deliverers
Logistics industry looks towards impending growth
Increasing competition among private and foreign enterprises shows the market’s attractiveness towards suppliers and the potential for development in the growing Vietnamese consumer market.As e-commerce forwarding services become more and more active in Viet Nam, especially in the final delivery stage towards the end consumers, market participants now range from large delivery companies to smaller start-ups with a variety of enhanced and expanded services.The high growth rate of the e-commerce industry provides many opportunities for foreign logistics companies, specifically express delivery services and logistics services for e-commerce that find the country to be a fertile ground for investment.Nonetheless, domestic enterprises with a large market share of the domestic delivery market, such as VNPost Express Joint Stock Company (EMS) or Viettel Post Joint Stock Corporation (ViettelPost), still maintain massive service solutions dedicated to E-commerce.With more than 18,000 … [Read more...] about Logistics industry looks towards impending growth