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The Strategic Development in Logistics in Vietnam

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  • Hai Nam Vu

    (Ho Chi Minh City University of Transport, Ho Chi Minh City, Vietnam)

Abstract

Vietnam transport and logistics activities are on the rise along with the increase in import and export activities. According to a recent announcement by the World Bank (WB), Vietnam is ranked at position 39 with a significant improvement in its LPI (Logistics performance index). 3.27, ranking 3 in ASEAN (after Singapore position 7 and Thailand position 32) ranking of 2018 logistics activities, is considered to have better logistics service performance than comparable income markets. Surveying enterprises of Vietnam Report transport and logistics industry shows that they expect that legal corridors, infrastructure and IT applications will be prioritized to improve enterprises' efficiency in transport services and logistics in Vietnam. Along with the development trend of e-commerce, the entry into Vietnam market of big foreign retailers increases the risk of acquiring local logistics channels, which makes domestic enterprises face many disadvantages. According to Vietnam Report, management agencies need to see this issue, supplement necessary legal corridors (such as regulations on the limit of foreign ownership ratios in e-commerce enterprises, logistics), appropriately adjust tax regulations to avoid price transfer and tax evasion, thereby creating a fair, competitive environment for logistics enterprises.

Suggested Citation

  • Hai Nam Vu, 2019. "The Strategic Development in Logistics in Vietnam," European Journal of Engineering and Technology Research, European Open Science, vol. 4(6), pages 69-73, June.
    • Handle: RePEc:epw:ejeng0:v:4:y:2019:i:6:id:61372
    DOI: 10.24018/ejeng.2019.4.6.1372
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