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Logistics has not caught up with e-commerce

20/02/2019 13:35:52    Author TNC    84

 

(TNC 12.2) According to the latest statistics of the World Bank (WB) in 2018, Vietnam logistics industry's current growth rate is of 16% per year and expected to grow in the coming years. Vietnam has made a leap in the LPI index (Logistics Performance Index - the index of evaluating logistics performance results) in the past year with its efforts.

Vietnam's LPI in year 2016 was 2.98, ranked 64/160 countries rated and ranked 5th in ASEAN, but in 2018 this index increased by 25 ranks. Specifically, Vietnam reach the 39th position with a considerably improved LPI score of 3.27, the highest among the six ratings, ranked 3rd in ASEAN, after Singapore positioned 7th and Thailand positioned 32th.

According to Vietnam Association of Logistics Services Enterprises (VLA), the scale of Vietnam logistics market is constantly increasing with rapid growth of import-export turnover over the last years, reaching about 40-42 billion USD/year. Specially, e-commerce is becoming the key leading factor in the development of logistics. Vietnam's ratio of logistics costs to GDP accounts for 20.9%, which is much higher than that of regional countries such as China, Malaysia, Philippines, Thailand and Singapore.

Source: vneconomy.vn/logistics-chua-theo-kip-thuong-mai-dien-tu-20190204185112014.htm

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