Vietnam Investment Review (5 September 2020; also carried by DTiNews) looked at what the EU–Vietnam Free Trade Agreement means for logistics companies.
Key points:
- Higher trade and investment flows under the EVFTA create opportunities, but also more competition for local third-party logistics providers.
- Local firms need to invest in facilities and skilled staff to meet European customers’ requirements.
- EuroCham noted that tariff cuts lower costs, but logistics remains expensive, often manual and held back by congested transport links.
- Suggested next steps: better infrastructure, digital processes and continued exchange between businesses and authorities on both sides.
Summary written by C.A.S Logistics; copyright in the original article belongs to its author and publication. Read the original on VIR (5 September 2020).
