A project will provide additional utilities and services this year, said Colonel Vu Van Tan, Deputy Director of the Police Department for Administrative Management of Social Order under the Ministry of Public Security.
The digital economy of Vietnam is enjoying the fastest growth rate in the Southeast Asian (SEA) region, with estimated Gross Merchandise Volume (GMV) rise by 28 percent, from US$18 billion in 2021 to $23 billion this year, thanks to the 26-percent development of its e-commerce.
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.
Many experts said that the potential of the Vietnamese logistics market is enormous when it is ranked eleventh out of 50 global emerging logistics markets. However, the weakness of infrastructure and high transport costs have been barriers for Vietnamese firms to fully tap into the sector's potential.
The Covid-19 pandemic has put a brake on Vietnam’s economic growth over the last two years but, on the other hand, it has also fueled a significant uptick in e-commerce which recorded a 16 percent growth to US$13.7 billion in retail revenue in 2021, according to the White Book on Vietnamese E-business 2022.