However, according to a report by the World Bank, the cost of logistics services in the country is higher than other countries in the region. Logistics in Vietnam account for 20.9% of the country’s GDP. Although statistics from the Vietnam Logistics Association shows that logistics service costs have fallen by 16.8% since 2010, this is still considered high for the region. Experts suggest more focus should be paid to fast-track administrative reforms, reducing or simplifying logistics-related administrative procedures, and accelerating key logistics infrastructure projects.
