Vietnamplus

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

The first Vietnam International Port, Infrastructure and Logistics Exhibition & Conference (VIPILEC 2019) opened in Ho Chi Minh City on June 12 with the participation of 100 exhibitors from 15 countries and territories.

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.

The poor logistics services in the Mekong Delta have pushed up the costs of export goods, especially farm produce, and caused great losses to export firms, it was reported at a workshop in Can Tho city on April 23.

Hanoi is expected to become one of the country’s three major logistics hubs that meet international standards, said a municipal official. Nguyen Thanh Hai, Deputy Director of the municipal Department of Industry and Trade, said Hanoi has launched a project on managing and developing logistics services in the locality by 2025.

Vietnam always welcomes and commits to creating conditions for foreign businesses, including those from China’s Chongqing city, to land investment in high-tech projects in the country, said diplomat.

An international seminar on border transport between Vietnam, China and other members of the Greater Mekong Sub-region (GMS) took place in Hanoi on May 11.

Vietnam’s aviation sector must use advanced technologies such as e-commerce for its management, operations and business as it is a trend in global aviation transport, experts said in HCM City.

Deputy Prime Minister Vuong Dinh Hue has called on logistics businesses to invest and expand investments in the Mekong Delta.

Samsung SDS, the Korean conglomerate’s information and communications technology (ICT) and logistics arm, will enter the Vietnamese market through a joint venture with Aviation Logistics Service (ALS)

Logistics and supply chain management have significantly improved in recent years thanks to the Government’s policies as well as the perception of entrepreneurs.

Vietnam's logistics sector is expected to maintain high growth this year, according to a Vietcombank Securities (VCBS) report.

The Mekong Delta will house two second-class logistics centres by 2030, spanning a total area of 100 hectares to serve regional localities like Can Tho, Hau Giang, Kien Giang and Soc Trang.

Vietnam has seen a boom in exports and imports with its strong economic growth, but thanks to weak logistics it has been losing a considerable portion of its wealth.