Vietnam opens up logistics sector to foreign companies
Foreign investors will be given the go-ahead to set up logistics companies in Vietnam, but with conditions on ownership and services, according to Government Decree 163 on logistics services which will come into force on February 20.
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Vietnam logistics sector too expensive to compete with foreign rivals: experts
Local firms have to pay a variety of fees in Vietnam, explaining the high cost of their services.
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Vietnam firms encouraged to seek Middle East trade
The Department of Asia-Africa Markets under the Ministry of Industry and Trade has encouraged local businesses to promote trade with their Middle East counterparts besides traditional markets like the United States, European Union and Japan. In this market, there are huge purchasing power and less demanding consumers, which would make it easy for Vietnamese firms to satisfy the market’s standards.
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E-commerce golden pass for logistics
The strong growth of the e-commerce sector has been turning Vietnam into a major magnet for investment in the capital-thirsty logistics industry.
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