News

Vietnam and Germany promote cooperation in logistics

Within the framework of the national program on trade promotion 2022, the Import and Export Department and the Trade Promotion Agency, Ministry of Industry and Trade have cooperated with the Trade Office - Embassy of Vietnam in Germany to successfully organize a promotion program in the field of logistics for nearly 30 Vietnamese logistics enterprises from October 11 to 18 in Germany.

Reduce logistics costs, increase import and export capacity

The Vietnam Association of Logistics Service Enterprises (VLA) has just reported on logistics activities in Vietnam, in which it is worth noting that logistics costs are equivalent to about 20-22% of annual GDP, significantly higher than Thailand (19%), China (18%), Malaysia (13%) and nearly three times higher than countries such as the US, Singapore (8%).

Bringing logistics to a position worthy of development potential

With a special geographical position located in the dynamic development region of the world, where the flow of goods is very strong, Vietnam is considered to have geoeconomic strengths that are very favorable to promote production, export and logistics services.