The upcoming implementation of the EU-Vietnam Free Trade Agreement and the accompanying Investment Protection Agreement is driving transformation of Vietnam’s logistics industry. Almost all of the EU’s biggest logistics service providers have done their business over 10 years. They are providing most of the logistics services in Vietnam, including overseas forwarding, warehousing, and local distribution, even though some services have not opened for foreign logistics companies at present. “Once the EVIPA is approved, more EU logistic service providers will want to do partake in merger and acquisition (M&A) activities with domestic counterparts. Thus, the investment capital will increasingly flow into Vietnam’s logistics industry,” Huy stressed. Furthermore, inquiries by EU clients offer chances for Vietnamese logistics service providers to improve and invest in their processes as well as hard and soft resources to meet their clients’ inquiries. Nestor Scherbey, president of Customs, Trade and Risk Management Services (CTRMS) Vietnam is optimistic about the outlook of Vietnam’s logistics sector. “After the EVFTA comes into effect, Vietnamese exports to Europe will increase and the logistics sector will benefit by carrying out new exports and deliveries through their services,” he said. “Meanwhile, foreign logistics companies will invest in the Vietnamese sector if they see… Read full this story
- IBM Drives Flash Technology Deeper into the Enterprise to Speed Big Data Analytics
- Using Wireless on the Road to Drive Good Business Practices
- Here's How To Drive A Right-Hand Drive Nissan Skyline GT-R In America
- NTSB: Hands-on, Hands-free, Whatever - Just Hang Up and Drive
- If a Self-Driving Car Kills a Pedestrian, Who Is at Fault?
- PRODUCT REVIEW Pygmy Portable Drives Offer Backups On the Go
- Iomega Offers REV Drive as Tape Alternative
- EXPERT ADVICE The Role of CRM in Logistics Companies' IT Strategies, Part 2
- How E-tailers Find Logic in Logistics
- INSIGHTS Reimagining Business Processes Drives the First Mover Advantage
Driving VN logistics with deeper bilateral co-operation have 322 words, post on vietnamnet.vn at February 27, 2020. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.