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Members of the Vietnam Logistics Business Association (VLA) recorded a business growth rate of about 15% this year, contributing to the country’s all-high trade value of 732 billion USD.

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).

Approximately 1.5 billion USD is needed to build new ships, purchase old ones, and rent and buy containers for Vietnam’s container vessel fleet, according to the Vietnam Logistics Business Association (VLA).

The race to expand the logistics market share is getting hot when foreign businesses have continually been pouring capital into and scaling up their operations in Vietnam, Dau tu (Vietnam Investment Review) reported.

Most of Vietnam’s logistics firms may struggle to operate and sharpen their competitive edge in the new context if they are not quickly to engage in digital transformation.

Fostering connectivity between logistics providers and between them and companies in other sectors will create more opportunities for mutual support, thus creating large enterprises to lead the market, according to Deputy Minister of Industry and Trade Tran Quoc Khanh.

The Mekong Delta is working with the Ministry of Transport to improve the local transport infrastructure and thus trade flows, the Can Tho Branch of the Vietnam Chamber of Commerce and Industry has said.

More than 62 million tonnes of goods were handled at Vietnam's sea ports in the first month of 2021, up 17 percent on year despite COVID-19.

Logistics, considered a backbone of Vietnam’s economy, is among eight sectors prioritised by the national programme for digital transformation until 2025.

The lists of the most reputable players in Vietnam’s logistics sector this year were released by the Vietnam Report JSC on November 24.

Vietnamese logistics firms, especially small and medium-sized ones, need to get up to speed on digital transformation to enhance their competitiveness if they want to enter global markets after the pandemic ends, experts have said.

The State should develop solutions to reduce high logistics costs in trading agricultural products to improve the competitiveness of Vietnamese farm produce on the market, according to experts.

Inflated logistics costs were hampering the competitiveness of Vietnamese goods, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

Up to 50 percent of Vietnam’s logistics firms estimate they will see revenue cut in half this year compared to 2019 because of the COVID-19 pandemic.

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 Vietnamese air freight market has seen remarkable growth in recent years and the momentum is expected to continue, the 4th International Conference and Exhibition on Air Freight Logistics Vietnam heard in HCM City on September 20.

There are 4,000 Vietnamese businesses operating in the logistics field but most of them are small-scale with weak human resource quality, the Ministry of Industry and Trade (MoIT) reported.

Ho Chi Minh City is making efforts to improve its logistic services to create a driving force for its economy as well as that of the southern key economic region.

Vietnamese logistics firms are embracing technology to optimise their costs and improve their competitiveness, according to experts.

With e-commerce and automation changing the landscape of the logistics sector dramatically, there will be a focus on re-skilling the existing workforce in technology, which will improve the competitiveness of the logistics industry.