Vietnam’s logistics industry has yet to have its potential fully tapped, and the country needs timely solutions to meet the surging demand for logistics infrastructure.

The total State budget collection in the first eight months of this year has been estimated at VND1.2 quadrillion (US$51.3 billion), equivalent to 85.6% of the annual target, according to the Ministry of Finance.

Diplomatic corps and industry associations from more than 20 countries visited Hung Yen on August 22 for an experiential event and friendly gathering hosted by local authorities to promote the northern province’s culture and signature fruit – longan.

Vietnamese e-commerce is growing, creating many opportunities to generate jobs, develop the private sector economy and increase revenue for the State budget. However, preventing tax losses in this business requires improving mechanisms and policies.

The explosion of online shopping and the increasing numbers of internet and smartphone users have contributed to market growth in Asia-Pacific, including Vietnam.

VOV.VN - Foreign-invested economic organisations that have been confirmed as registering e-commerce service provision websites or apps and are operating without business licenses must update their dossiers and supplement their business licenses before January 1, 2023.

Vietnam’s logistics industry is developing strongly thanks to the growth of the e-commerce industry, according to Savills Vietnam.

Tech is rapidly changing the e-logistics landscape, raising the need for Vietnam to increase the application of advanced technologies to develop an efficient logistics industry to grab opportunities arising from e-commerce.

Dr Jonathan Choi, Chairman of the Hong Kong-based Sunwah Group, has expressed his optimism about Vietnam’s future, saying the country has recovered “very quickly” after the COVID-19 pandemic was controlled and is one of the best performers in the ASEAN in this regard.

The growth in the e-commerce market, B2C deliveries and international trade services is expected to drive express delivery services in Vietnam, experts said.