Illustrative image. (Photo: VNA)Hanoi (VNA) – Up to 68.4% of logistics companies in Vietnam saw increases in their revenues in the first nine months of 2022 compared to the same period of last year, a study released by Vietnam Report JSC showed.
Of the 34 listed logistics companies that were surveyed, 64.7% said their revenues had maintained growth compared to the pre-pandemic period, said Vu Dang Vinh, General Director of Vietnam Report.
Up to 26.5% of businesses moved from the "recovery" group in the 2019 - 2021 period to"maintaining growth momentum" in the 2019 – 2022 period, reflecting effortsof logistics enterprises in the recovery process and gaining economic growthin the post-COVID-19 period.
Vietnam Report’s survey pointedout that the biggest difficulties that logistics enterprises are facing are fluctuations in energy and input material prices; competition among businessesin the same industry; supply chain-related risks; political instability in the worldand reduced demand for shopping. Fuel costs account for a large proportion ofthe operating cost structure, posing a big problem for logistics enterprises.
About 63.2% of the surveyed enterprises said that total costs increased in the first ninemonths of this year compared to a year earlier. Nearly one-third of the businesses recorded a significant increase in fuel costs.
Nearly 80% of the businessesforecast that the Russia-Ukraine conflict will continue until the end of 2023,even after COVID-19 prevention and control measures are removed in mostmarkets. In addition, 52.6% of the surveyed enterprises saw a decline in the numberof orders and an increase in inventory. Notably, some businesses recorded up to a 40% reduction in orders compared to the same period last year.
To deal with the issue, Vinhrecommended that in the coming years, businesses need to renew their mindset,putting people at the centre of decisions while establishing positive culturalnorms and continuously training the workforce.
The VietnamReport JSC also unveiled a list of the top 10 prestigious logistic companies in2022 on the same day.
Thelogistics companies are operating in various categories such as internationalfreight forwarding, warehousing, third-party logistics, fourth-party logistics,freight transportation, port operation, express, last-mile delivery, andothers.
Therankings have been developed based on three main criteria, including financialcapacity, media credibility, and the surveys of logistic companies conducted inOctober and November 2022./.
