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Logistics sector urged to improve competitive edge

Roughly 400 leading logistics firms attended - 2014 Logistics Forum – held in HCM City on March 21 to share challenges, trends and devise solutions to improve their competitive edge in the industry. 

Famous businesses at the event included DHL Supply Chain, Loscam, Interroll, Schaefer SSI, Ascendas-Protrade, Mapletree, Nestle, Coca-Cola, Big C, Unilever, Metro Cash & Carry, and Geodis Wilson.

The event aims to create a multi-dimensional viewpoint in assessing opportunities and challenges of Vietnam’s logistics sector.

According to a World Bank (WB) report on the logistics sector released in January 2014, Vietnam’s complex and in comprehensive laws and regulations in the industry have posed challenges to the improvement of the competitive edge of Vietnam’s logistics sector.

The report noted that corruption and poor infrastructure have also plagued the development of the sector.

At present, Vietnam’s logistics market has been primarily comprised of financially and technological strong foreign companies.

To sharpen Vietnam’s competitive edge, local businesses should be fully aware of challenges, advantages and keep abreast of the developing trends of the world’s advanced. 

 

 

Source: VOV