HCM City conference to look at prospects for logistics services in Vietnam

Delegates will analyze and discuss the growth drivers for the logistics industry, supply and demand issues and changes to freight-forwarding services, development trends of modern logistics services, and green logistics towards sustainable development.

They will also evaluate opportunities for logistics businesses in the context of diversification of the supply chain to minimize risks, and optimize cost-benefit problems to create competitive advantages.

Vietnam has been ranked among the top 10 countries in the 2023 Agility Emerging Markets Logistics Index compiled by Agility, one of the world’s top freight forwarding and contract logistics providers.

It is in 10th place, up one spot compared to the previous year. Among Southeast Asian countries, Vietnam finishes fourth together with the Philippines, behind Malaysia, Indonesia, and Thailand.

Currently, about 90% of businesses getting involved in logistics services are small and medium-sized, and the application of smart logistics is still limited. To maximize the growth potential of the logistics industry, SEA Logistic Partners, a company that operates and develops industrial infrastructure, says Vietnam should pay attention to developing infrastructure, speeding up technology application, and offering certain incentives to attract investment.

With regard to infrastructure, SEA Logistic Partners suggests that Vietnam focus on strengthening the infrastructure of the logistics industry, including road, rail, air and sea transport networks. Investing in smart warehouse systems, distribution centers and modern intermodal facilities will streamline operations and enable more efficient transshipment of goods.