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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Friday, December 20, 2024

High logistics costs make Vietnam’s produce less competitive

The Saigon Times

Must read

HCMC – High logistics costs have put Vietnam’s agricultural sector at a disadvantage over regional countries, according to insights from a conference organized by the Ministry of Agriculture and Rural Development.

Vietnam’s logistics costs are 6% higher than Thailand’s, 12% higher than Malaysia’s, and a staggering 300% higher than Singapore’s. The country’s agricultural logistics sector is also marred by inadequate infrastructure and limited service capacity.

The road network, despite upgrades, is struggling to handle the volume and types of agricultural goods, particularly perishable crops, resulting in higher costs and spoilage.

In seafood, 12% of production costs are consumed by logistics, while the timber industry bears a 23% cost burden. Fruits and vegetables face a 29% logistics hurdle, leading to higher prices and increased spoilage. A significant 30% of rice production costs are attributed to logistics, impacting farmers’ incomes and food security.

The Ministry of Agriculture and Rural Development has proposed the “Enhancing Logistics Service System to Enhance the Quality and Competitive Capacity of Vietnam’s Agricultural Products by 2030” initiative to address these challenges.

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