The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42% of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.
Greening the logistics industry and applying green logistics in business will help enterprises meet environmental criteria, increase competitiveness, and achieve sustainable and comprehensive development and growth, experts said.
Ho Chi Minh City topped the first-ever Vietnam Provincial Logistics Competitiveness Index (LCI) 2022, followed by Hai Phong, Binh Duong, and Ba Ria – Vung Tau and Hanoi, according to a report recently announced by the Vietnam Logistics Association (VLA).
Vietnam’s industrial real estate sector has great potential for developing more projects related to data centres, cold storages and logistics, according to Savills Vietnam - the largest and most experienced real estate services company in the Southeast Asian nation.
Despite its great potential for growth, poor transport infrastructure and high costs are holding back the logistics industry, insiders said at the Vietnam Logistics Transformation forum held in HCM City on October 19.
Vietnam is making all efforts to take advantage of the opportunities brought by the EU-Vietnam Free Trade Agreement (EVFTA) to boost its logistics industry, which plays a crucial role in supporting, connecting and promoting the socio-economic development of the country.
Tech is rapidly changing the e-logistics landscape, raising the need for Vietnam to increase the application of advanced technologies to develop an efficient logistics industry to grab opportunities arising from e-commerce.
There has been great pressure on Vietnam's logistics industry to train, retrain and upgrade workers' knowledge as well as to keep up-to-date with international standards and measures, according to the Vietnam Logistics Business Association (VLA).
Foreign investors will continue to pour money into Vietnam’s logistics sector to seize post-pandemic development opportunities, Lao Dong newspaper quoted Piyush Rathorenoi, General Director of the Transworld QBV ICD as saying.
The COVID-19 health crisis and resulting wide-ranging and deeply-felt economic upheaval has flipped the logistics industry on its head, leaving ill-protected freight firms in dire need of emergency State support to survive hardships.
A conference seeking measures to promote links and partnerships in developing the logistics industry in the northern port city of Hai Phong was held on April 23.
The logistics industry in Vietnam, especially HCM City, continues to face challenges like red tape and traffic congestion near border gates despite progress made in facilitating trade, Dinh Ngoc Thang, head of the city Department of Customs, told a recent conference.
The European Union-Vietnam Free Trade Agreement (EVFTA) will boost the demand for logistics services and significantly impact on Vietnam's logistics industry, said a trade official.
Ho Chi Minh City is working on a logistics development strategy that would make the city a major logistics hub and reduce logistic costs to 16 percent of Vietnam's GDP in 2025.
Several new development trends are emerging in the real estate market, which is expected to remain strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure.
Some lawmakers have underscored major benefits to be gained from fruit, vegetables and flower export and logistics services, asking for more attention to boost the development of these sectors.
Close co-operation is needed between government agencies, enterprises and vocational training schools to reduce the skill gap in Vietnam’s labour market, the head of the General Directorate of Vocational Training said at a two-day workshop held last week in the city.
Cutting transportation costs will be vital to enhancing the competitiveness of the logistics industry, the Vietnam Logistics Business Association has said.
