Reducing the "burden" of logistics costs, increasing competitiveness for enterprises

Reducing the "burden" of logistics costs, increasing competitiveness for enterprises

VCN - Assessing the outstanding marks in Vietnam's logistics activities in 2023, the Import-Export Department (Ministry of Industry and Trade) said that Vietnam's logistics currently ranked 43rd according to the World Bank (WB) assessment.
Reducing the "burden" of logistics costs, enhancing businesses’ competitiveness

Reducing the "burden" of logistics costs, enhancing businesses’ competitiveness

VCN - Regarding the noteworthy achievements in Vietnam's logistics sector in 2023, the Import-Export Department of the Ministry of Industry and Trade reports that Vietnam is presently ranked 43rd according to the World Bank (WB).
Many advances in reducing logistics costs come from Customs authorities

Many advances in reducing logistics costs come from Customs authorities

Local customs units in the southern key economic region shared many solutions to support the development of the enterprise's logistics chain.
Many solutions to reduce logistics costs

Many solutions to reduce logistics costs

VCN - On December 20, the Logistics Forum with the Europe - America region 2022 organized by the Ministry of Industry and Trade in Ho Chi Minh City, the speakers shared many experiences, in order to reduce logistics costs for businesses in the current dif
Profits of enterprises exporting rice are different

Profits of enterprises exporting rice are different

The positive rice export results since the beginning of the year have brought profits for many exporters, but some companies have suffered losses or sharply reduced profits
Export enterprises struggle in cost storm

Export enterprises struggle in cost storm

Input costs for production are skyrocketing, and logistics costs have not yet dropped to pre-pandemic levels, increasing production costs of exporters significantly.
Deputy Minister of Planning and Investment: The real economy situation exposed via positive growth

Deputy Minister of Planning and Investment: The real economy situation exposed via positive growth

According to the Ministry of Planning and Investment (MPI), GDP growth in the second quarter of 2022 is 7.72%, a positive growth figure amid the drastic implementation of economic recovery solutions.
Logistics businesses must manage to reduce costs

Logistics businesses must manage to reduce costs

VCN – Speaking with Customs News, Mr. Nguyen Tuong, Senior Advisor of the Vietnam Logistics Service Enterprises Association (VLA) said that thanks to the implementation of new generation of free trade agreements (FTAs), import-export firms will benefit most, thereby stimulating the development of the logistics industry.
Lowering logistics costs key to competitiveness

Lowering logistics costs key to competitiveness

Lowering logistics costs is key to increasing the competitiveness of Việt Nam’s export products and the whole economy.
Logistics costs keep challenging exports in the second quarter

Logistics costs keep challenging exports in the second quarter

The Russia-Ukraine conflict is hurting the supply of production materials; transportation and logistics costs keep escalating over the past two years with no sign of "cooling down".
The burden of transportation and container rental costs are weighing heavily on businesses

The burden of transportation and container rental costs are weighing heavily on businesses

Export and import businesses are suffering from skyrocketing costs of transportation and renting export containers.
Overcoming obstacles to reduce logistics costs

Overcoming obstacles to reduce logistics costs

VCN - In 2010, the city's market share in container exploitation in the South accounted for 90%, but by 2020 it will only be 58%.
Inland waterway transport - maintaining the supply chain amid the pandemic centre, reducing logistics costs

Inland waterway transport - maintaining the supply chain amid the pandemic centre, reducing logistics costs

The amount of import and export goods is increasing daily, while road transport reveals many shortcomings, water transport is considered a "salvation" to maintain supply chains
Many factors affect logistics costs to increase

Many factors affect logistics costs to increase

VCN - Logistics costs are an important part of the competitiveness of exported goods. Enterprises reported that they are facing many difficulties, including increased logistics costs and raw material costs.
Pepper exporters face the risk of losing market share because of logistics costs

Pepper exporters face the risk of losing market share because of logistics costs

Recently, the US and EU have bought pepper from Brazil because its quality is not different from that of Vietnam.
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