Illustrative image (Photo: VNA) Hanoi (VNA) – The online Vietnam –South America logistics trade forum has been held to help the two countries' firms expandbusiness cooperation opportunities in the field.
Speaking at the event, deputy head of the Ministryof Industry and Trade (MoIT)’s Vietnam Trade Promotion Agency Le Hoang Tai saidSouth America is a promising market for Vietnam’s exports such as apparel,leather and footwear, handicraft, aquatic products and processed food. However,its export turnover remains limited.
Recently, both sides have met difficulties intrade due to COVID-19 pandemic. Moreover, far distance and limitedtransportation of goods also resulted in high logistics cost, making it hardfor Vietnamese goods to compete with rivals.
Logistics firms also faced barriers related tolanguage, cultural differences and access to market information, he said.
Vice General Secretary of the Vietnam Logistics Business Association NguyenTuong said Vietnam’s logistics sector is undergoing digital transformation tomeet development demand following the pandemic.
He proposed enterprises meet togetheror via agents to learn about information related to the market and demand. Embassiesshould also hold trade promotion trips to support them.
CEO of the Empresas Taylor Company Matthew TaylorPollmann suggested Vietnamese logistics firms join projects on technologicaltransformation, adoption of artificial intelligence in logistics, or switch togreen energy in Chile.
Tai added that the MoIT is reviewing administrativeprocedures to create favourable conditions for export and logistics firms.
The ministry should also encourages logistics companies to invest in infrastructure and digitalise operations to improve competitiveness, he said./.
