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Logistics industry short of 2 million employees

May 20, 2019 / SGGP

Figures by the association showed that there are more than 30,000 logistics companies across the country, of which around 4,000 firms are operating in domestic and international shipping sector.The number of 100-percent-foreign-owned firms accounted for only 1 percent of total logistics companies in Vietnam, that of joint-venture ones made up 10 percent and that of local ones accounted for 89 percent. However, foreign-owned and joint-venture firms held up to 80 percent of market share whereas local ones merely possessed around 20 percent of market share. Most Vietnamese firms provide services for small supply chain in the territory of Vietnam with some segments such as shipping, warehousing, customs clearance service and less than container load service.