Burgeoning postal market raises concerns over unhealthy competition

March 09, 2024

HÀ NỘI — The postal service revenue has experienced average growth of over 20 per cent between 2019 and 2023, which has led to fierce competition on the market, raising concerns about the emergence of unhealthy competition. As a result, the postal market witnessed significant value growth, soaring from VNĐ28.3 trillion (US$1.15 billion) in 2019 to nearly VNĐ59 trillion in 2023. Postal enterprises affiliated with e-commerce platforms experienced rapid growth, with many entering the top 10 firms having the largest market share of volume within 2-3 years of operations. Currently, the top 10 postal firms with the largest market shares are also engaged in transporting goods for e-commerce platforms. Additionally, the body will rigorously handle and revoke the licences of firms that repeatedly violate regulations or misuse postal licences.

The source of this news is from Vietnam News

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