Vietnamplus

The online Vietnam – South America logistics trade forum has been held to help the two countries' firms expand business cooperation opportunities in the field.

Optimising quality of logistics services is a requisite measures to boost Vietnam-EU trade amidst the COVID-19 pandemic, experts said at the online business matching forum held on December 9.

Freight and logistics stocks have seen major gains since the beginning of 2020 even as the COVID-19 pandemic has wreaked havoc on the economy.

Vietnam has set an annual growth target of 15-20 percent for the logistics sector, making up 8-10 percent of the country’s gross domestic product (GDP). Besides, logistics costs are also expected to reduce, equivalent to 16-20 percent of the GDP.

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.

As the pandemic brings opportunities to the e-commerce sector, the local logistics industry also has a chance to grow.

The on-going COVID-19 pandemic is seriously damaging Cambodian logistic providers, with about 10-15 percent heading for bankruptcy in the upcoming months, according to the Cambodia Freight Forwarders Association (CFFA).

The enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) will promote export-import activities, thus bringing direct benefits to the country's logistics industry, experts have said.

The expected execution of the EU-Vietnam Free Trade Agreement in 2020 will create great pressure on Vietnamese logistics businesses, insiders said.

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.

Ministries, sectors and localities have made concerted efforts to recover sales and exports of Vietnamese agricultural products which have been severely affected by the COVID-19 pandemic.

The novel coronavirus has caused problems to most of the roadway logistics firms, however at sea it is having a mixed affect.

It is necessary to improve the legal framework and create a healthy and open business environment for logistics activities to boost the sustainable development of Vietnam’s logistics sector, Deputy Prime Minister Vuong Dinh Hue has said.

Vietnamese logistics companies need to improve their competitiveness to stay afloat when the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect, according to experts.

Vietnamese logistics companies need to improve their competitiveness to stay afloat when the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect, experts have said.

Minister of Information and Communications Nguyen Manh Hung has met with Hungarian officials and Secretary-General of the International Telecommunication Union (ITU) Houlin Zhao to boost cooperation and learn experience in information and communication technology (ICT).

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.

The office market in Ho Chi Minh City continued stable growth in the first half of this year, with some increases in rental prices and areas, according to major property consultant firms.