Vietnam's exports pinched by high logistics cost

HANOI, June 13 (Xinhua) -- Vietnam's export-driven economy is being blunted by global headwinds, on top of that, the cost to ship containers has remained high, hampering manufacturers in gaining a competitive edge, the Ministry of Planning and Investment's online newspaper reported on Tuesday.

Vietnam's estimated logistics costs to gross domestic product (GDP) is about 16.8 percent, higher than the global average of 10.7 percent, according to the Vietnam Logistics Business Association.