The Ministry of Industry and Trade (MoIT) has urged industry associations and enterprises to take proactive measures amid escalating tensions in the Middle East that threaten to disrupt transport routes and increase logistics costs.

Vietnam’s pepper sector has maintained its leading global position despite sharp price swings over the past year, driven by supply shortages and higher logistics costs.

VOV.VN - With a logistics market valued at an estimated US$70–80 billion, over 45,000 logistics enterprises including more than 5,000 international freight forwarders, Vietnam is emerging as a strong contender to become ASEAN’s next logistics hub.

Prime Minister Pham Minh Chinh has requested the completion of the North – South expressway from the northern mountainous province of Cao Bang to the southernmost province of Ca Mau by this year’s end.

The export of Korean office furniture to Vietnam via the Incheon internation port since April this year has witnessed initial results, according to the port authority.

Prime Minister Pham Minh Chinh on July 11 requested relevant ministries and agencies to consult experts and scientists, and learn from international experiences to quickly complete the building of the North-South high-speed railway project.

More efforts are needed to lower logistics costs, which are still kept at a high level, to increase the economy’s competitiveness, according to insiders.

Inadequate transport infrastructure and connectivity, and domestic enterprises’ low capacity and slow technology adoption and digital transformation are hindering the otherwise rapidly growing logistics industry, experts have said.

VOV.VN - A steep increase in online sales has put pressure on the logistics system, thereby triggering the race to invest in Vietnamese e-commerce logistics, according to details given by insiders.

Vietnam and the Czech Republic have complementary economic structures, so both sides will benefit from stronger bilateral cooperation, said Vietnamese Trade Counselor in the European nation Nguyen Thi Hong Thuy.