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Update news Vietnam’s logistics industry
The logistics sector, which has become an important service industry and played a role in supporting, connecting and promoting Vietnam’s socio-economic growth, is undergoing a rapid transformation as sustainability takes centre stage.
Green logistics can help reduce transportation costs and increase efficiency in the supply chain by optimising delivery routes and reducing the number of empty or half-loaded trucks on the road.
The Southeast region must enhance its logistics services, establish robust logistics companies to support import-export operations, develop high-quality brands, and promote regional trade, speakers said.
The Red River Delta consists of 11 centrally governed provinces and cities.
The Ministry of Industry and Trade is speeding up the development of a strategy to create a modern, sustainable and efficient logistical service industry in the 2025-35 period with a vision to 2045.
Efforts should be made to increase the competitiveness of domestic enterprises to capture a larger market share and elevate the position of Vietnam's logistics sector.
Recent geopolitical conflicts in the Middle East region resulted in a current logistics cost increase of about 130 percent compared to the end of 2023. This pushed export businesses to enhance exports to nearer countries.
The development of Hanoi's logistics sector has failed to meet its full potential despite the city's favourable geographic location as the heart of the northern key economic region.
As a component of the information and communications infrastructure, the postal network will be expanded to serve e-commerce and logistics and become an indispensable part of Vietnam’s digital economy.
Logistics costs have been a headache to the Vietnamese agricultural sector as they account for a lion share in the price of agricultural products.
Vietnam needs to improve its ability to connect domestic logistics networks with international ones, especially given the volatile economy and fierce competition, experts said.
According to Vietnam Logistics Business Association, Vietnam's logistics costs are higher than those of the world.
To set up an LNG (liquefied natural gas) supply chain, PV GAS is joining forces with several units to research and design a process to carry LNG to localities throughout the country.
Vietnam is among the global emerging logistics market. However, because of weak infrastructure, the transport cost in total logistics fees is twice as other countries.
There is still much to be done in order to develop Vietnam's logistic infrastructure and capacity despite improvement across the sector in recent years, heard participants at the Logistics Vietnam 2023 conference held yesterday in Hanoi.
The southern economic hub of Ho Chi Minh City will build seven new logistic centres from now to 2025, the municipal People’s Committee said on July 3.
Though green logistics is currently a global trend and will become a requirement of the international food industry supply chain, Viet Nam currently...
As Vietnam’s logistics performance index (LPI) in 2023 decreased, economists fretted that it would cause difficulties for the export activities of enterprises in the context of a strong green trend globally.
The Vietnam Logistics Business Association will host the 2023 Asia-Pacific Regional Annual Meeting of the International Federation of Freight Forwarders Associations and the mid-year meeting of the ASEAN Freight Forwarders Association in Da Nang.
High logistics costs have made Viet Nam's agricultural exports less competitive than other countries’, especially that of Thailand, despite having many advantages, according to businesses.