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Vietnam’s best logistics firms in 2020 announced

Photo: Vietnam Report

The lists of the most reputable players in Vietnam’s logistics sector this year were released by the Vietnam Report JSC on November 24.

The lists cover several sub-sectors, such as international forwarding, warehouse services, and third- and fourth-party logistics; freight transport; port operations; and rapid delivery and last-mile delivery.

The top 10 businesses in international forwarding, warehouse services, and third- and fourth-party logistics are the Gemadept JSC, the Indo Tran Logistics Corporation, the DHL Global Forwarding (Vietnam) Corporation, the Transimex JSC, the Expeditors Vietnam Co. Ltd, the Schenker Vietnam Co. Ltd, the Kuehne Nagel Co. Ltd, the Bee Logistics JSC, the South Logistics JSC, and the Vinafreight JSC.

The rankings were compiled based on companies’ financial capacity, as reflected in their financial reports; media reputation, as assessed by media coding methods that encode articles about companies on influential media channels; and interviews with relevant parties conducted in October and November.

Vietnam Report General Director Vu Dang Vinh said that after decades of globalisation, the world is now more inter-connected than ever, opening up huge opportunities for global trade and promoting the development of supply chains.

However, he also noted that greater connectivity poses problems in supply chains in general and the logistics sector, the backbone of supply chains, in particular, when sudden shocks like COVID-19 strike.

The Vietnam Logistics Business Association reported that, in March, 15 percent of logistics companies posted a year-on-year revenue decline of 50 percent, and over half of all companies experienced a decline of 10-30 percent in the number of domestic and international logistics services provided compared to the same period last year.

The containment of COVID-19 helped Vietnamese businesses, including logistics companies, resume activities fairly quickly. A Vietnam Report survey shows that the operational capacity of 87 percent of interviewed companies in October and November was equivalent to 60 percent of pre-pandemic levels.

VNA

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