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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Sunday, July 20, 2025

Vietnam explores solutions to boost logistics sector

By Le Hoang

Must read

HCMC – Experts at the Vietnam Logistics Conference 2024 have underscored both challenges and opportunities facing Vietnam’s logistics sector, a key driver of the country’s economic growth.

The conference, held in HCMC on October 31, focused on the sector’s need to adapt to rapid technological changes and evolving global trade dynamics.

Deputy Minister of Planning and Investment Do Thanh Trung said the logistics sector has been expanding at an annual rate of 14-15%, generating an estimated value of US$40-42 billion.

Vietnam now has 3,000 domestic logistics companies and the presence of 25 major international players in the market. The sector currently contributes 4-5% to the country’s GDP and provides direct employment to over one million workers.

However, obstacles remain, including infrastructure limitations, high costs, and market fragmentation. Experts said digital transformation and sustainable growth emerge as top priorities, with the Government’s investments in infrastructure and digitalization expected to create new opportunities for the sector’s expansion.

To remain competitive, Vietnamese logistics businesses are encouraged to adopt technological innovations, enhance operational efficiency, and invest in a skilled workforce.

Conference participants discussed key issues such as modernizing infrastructure, improving connectivity, and building resilience against global disruptions. The event also addressed restructuring supply chains to support sustainable development and drive digital transformation in the logistics sector.

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