Open AccessThe Strategic Development in Logistics in Vietnam
Author(s) -
Hai Nam Vu
Publication year - 2019
Publication title -
european journal of engineering research and science
Language(s) - English
Resource type - Journals
ISSN - 2506-8016
DOI - 10.24018/ejers.2019.4.6.1372
Subject(s) - business , position (finance) , ranking (information retrieval) , service (business) , index (typography) , industrial organization , humanitarian logistics , commerce , finance , marketing , machine learning , world wide web , computer science
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.