Representatives from business associations and businesses talk about the requirements for quick adaptation of firms, as well as supply chains, in the face of global economic fluctuations.
Improvements in import and export demand, especially through inventory replenishment in the US and Europe, as well as the supply, expected to remain stable until 2025, will help seaport firms recover their yields.
There is still much to be done in order to develop Việt Nam''s logistic infrastructure and capacity despite improvement across the sector in recent years, heard participants at the Logistics Việt Nam 2023 conference held yesterday in Hà Nội.
If some of the competition restrictions in ASEAN’s logistics industry are lifted, the bloc’s economies could be better off by more than US$4.5 billion annually, the Organisation for Economic Cooperation and Development has claimed in a report titled ‘OECD Competition...
Pro-competitive policies can help Viet Nam continue its progress in logistics sector and help the country recover quickly from the economic impacts of the pandemic.
Logistics, considered a backbone of Viet Nam''s economy, is among eight sectors prioritised by the national programme for digital transformation until 2025.
Viet Nam must reduce logistic costs to strengthen competitive capacity as the country pushes for greater international economic integration, heard participants at the Vietnam Logistics Forum 2020 in Ha Noi on Thursday.
With its annual growth of 12-14 per cent, the logistics sector, especially seaports, is becoming attractive to both domestic and foreign investors, experts said.
HCM City remains the largest centre for cargo suppliers and distributors in the country until 2025. For sustainable development, relevant authorities should build a master plan for development of the city’s logistics industry.
Vietnamese logistics companies need to improve their competitiveness to stay afloat when the EU-Viet Nam Free Trade Agreement comes into effect, experts have said.
Nguyen Hoai Nam, deputy general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said the move would allow firms to directly export their goods.
The logistics sector has achieved 12-14 per cent growth in recent years and that momentum would continue, according to the Viet Nam Logistics Business Association (VLA).