CURRENT STATUS AND SOLUTIONS TO REDUCE LOGISTICS COSTS IN VIETNAM
Journal: Malaysian E Commerce Journal (MECJ)
Author: Nguyen Hoang Phuong
This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
Currently, Logistics is a tremendous economic resource for each country. Logistics knows as an economic activity organized by businessmen at one step or different steps including Receiving goods, shipping, warehousing, customs clearance, customer consultation, packaging, delivery, and other goods related services to receive remuneration. In recent years, liberalization in trade and international economic integration has made the demand for exchanging and buying goods globally already higher. In such a context, logistics cost will affect to compete of goods. So, the activity that was reducing logistics cost is necessary. It helps the cost decreasing export cost, increasing the competition of goods. Nowadays, logistics cost in Vietnam higher than logistics cost in the world average, so how to reduce logistics cost to increase competition of goods? It is a problem that needs to be solved in Vietnam’s enterprise.