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Update news logistics costs
The expected execution of the EU-Vietnam Free Trade Agreement in 2020 will create great pressure on Vietnamese logistics businesses, insiders said.
VietNamNet Bridge - The Vietnam Logistics Association (VLA) says that logistics costs in Vietnam are 16-17 percent of GDP, not 20.9 percent as reported before by several institutions.
Up to 70 percent of total goods are transported by land in Vietnam, leading to transportation costs that have increased by 10-60 percent.