In light of growing trade and foreign direct investment, logistics services have developed significantly in the ASEAN to meet demand.
VOV.VN -Vietnam’s logistics services - freight forwarding, transportation, and inventory services - began to develop in the 1990s. Logistics has now become an important economic sector in Vietnam. In the next decade Vietnam could reach an export-import turnover of US$200 billion per year.
The conglomerate VinGroup will sell its entire ownership in the logistics service firm Phat Loc Express and Trading JSC (Phat Loc Express), VinGroup said in a statement.