VOV.VN - More than 80 businesses from Vietnam, Laos, and Thailand gathered at an international conference in Vientiane on November 4 to discuss ways to strengthen regional links and develop East-West logistics corridors.

The Vietnamese logistics sector is eyeing the urgent need for renovation, overall solutions and vision as well as new development orientations to catch up with the global trend, creating a breakthrough for the country’s socio-economic recovery and development, according to experts.

Despite its great potential for growth, poor transport infrastructure and high costs are holding back the logistics industry, insiders said at the Vietnam Logistics Transformation forum held in HCM City on October 19.

A delegation of nearly 30 Vietnamese logistics businesses participated in a trade promotion programme in Germany from October 11-18 to seek potential partners.

The EU–Vietnam Free Trade Agreement (EVFTA) has set the scene for surging exports to the EU, resulting in an expansion in demand for logistics services that promises a better outlook for the industry and the Vietnamese market, heard a recent Hanoi talk show.

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.

VOV.VN - Several foreign media outlets have recently published articles highlighting the various prospects and numerous challenges to the logistics industry and smart rural areas in the country.

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

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

The national flag carrier Vietnam Airlines has signed a strategic cooperation agreement with T&T Group and SHB Bank; and a Memorandum of Understanding (MoU) with T&Y SuperPortTM - a joint venture between T&T Group and YCH Group of Singapore.