Vietnam Report has just announced the top 5 reputable companies in the Logistics industry in 2020. In which, Viettel Post is recognized as the leader in the courier and last-mile delivery industry.
This is the second consecutive year that Viettel Post has been the leader in the field of post and delivery in Vietnam, surpassing major competitors such as Vietnam Post Corporation (VNPost – ranked 2nd) and Joint Stock Company. Fast delivery service (GHN – ranked 4th).
Top 5 companies in the field of postal delivery in Vietnam, according to the assessment of Vietnam Report
The Vietnam Report’s report evaluates and ranks companies in the postal and delivery sector based on three main criteria: financial capacity shown on the most recent financial report; media reputation is assessed using Media Coding – encoding the company’s articles on influential media channels; Research subjects and stakeholders survey was conducted in October-November 2020.
In the first 9 months of this year, Viettel Post’s revenue increased 2 times higher than the same period last year, reached 11,686 billion VND and profit after tax increased 15%, reaching 307 billion VND. In which, service revenue increased 9% and commercial revenue increased nearly 8 times over the same period last year.
Only in the third quarter of 2020, Viettel Post reached 4,889 billion VND in revenue and 107 billion VND in profit after tax. According to Viettel Post, this is the quarter with the highest business results in the company’s history.
Viettel Post’s results in the first 9 months of this year go against the general trend of the industry. According to a report by the Vietnam Association of Logistics Services Enterprises, about 15% of businesses have a 50% decrease in revenue compared to the same period in 2019 and more than 50% of businesses reduce the number of domestic and international logistics services from 10 % – 30% over the same period last year.
Mr. Tran Trung Hung – General Director of Viettel Post said that the drastic action and implementation of major displacement strategies has helped the company continue to stand at the highest position in the postal and delivery industry in the past 2 years. In recent times, Viettel Post has built many business plans to ensure maximum capacity for invested technology products such as: division centers in regions; fulfillment warehouse system in provinces; Mygo’s multimodal shipping platform … with the lowest cost of operating orders.
In the near future, the company will provide two services: fulfillment service (order fulfillment service, including operations from the time the goods are stocked to the customer receiving the goods) and the distribution service. .