Development Of Vietnam Logistics Service Enterprises In The Future – The Current State And Solutions
AN THỊ THANH NHÀN
Logistics has been recognized as a major economic function, a useful tool for the success of many companies in the world. Logistics enterprises are increasingly specialized with higher level and considered as a backbone of the service sector in international trade. The reason is that this sector helps improving the delivery speed and streamlining the flow of goods. It is estimated that total value of global logistics services is over US$1,200 billion per year, accounting for 16% of global GDP. A 10% reduction in transportation cost may allow the global trade volume to increase by 20%, and the GDP of each country rise by 0.5%. Vietnam has a great potential for logistics development, therefore Vietnamese logistics enterprises are growing up in the beginning period and have contributed 15% of GDP annually. When difficulties and challenges in the current period are identified and solutions to development of logistics enterprises are found, it would bring favorable conditions for other sectors to quickly integrate into the global supply chain and establishment of a strong logistics sector. This also brings many benefits to not only Vietnam's economic development but also the region in future.