Digital technology applications among logistics enterprises and domestic businesses in general are rather limited, urging acceleration to lessen the gap with the world.
HCMC needs a total investment capital of more than VND970 trillion (US$40.64 billion) for the synchronous development of transport infrastructure from now until 2030, Deputy Director of the municipal Department of Transport, Bui Hoa An said in a forum on the role, infrastructure and human resource of the city’s logistics industry that was held by the HCMC People’s Committee on September 30.
Due to the impact of the Covid-19 pandemic, the response capacity of the logistics industry fell into crisis, such as goods congestion at seaports, a shortage of empty containers, and prolonged transportation schedule, making import and export activities extremely tense.
Price fluctuation in the fuel market has a constantly evolving effect on the logistics industry. Increases in the fuel price have driven transport businesses into more difficulties and their response.
The Video Interactive Business Matching Forum Vietnam - EU Logistics 2020 took place on December 9 in Hanoi attracted 150 agencies, organizations, and enterprises from Vietnam and EU countries operating in the logistics sector to participate in the discussion.
The project of developing the logistics industry in Ho Chi Minh City to 2025 with the orientation to 2030 approved by the People's Committee of HCMC aims to make logistics become a key service industry of the city, which accounts for an increasing proportion in the gross regional domestic product (GRDP) structure.
In the project to develop the logistics industry until 2025 with visions until 2030, HCMC should head toward a logistics human resource training center to supply manpower for not only the city but also the Southern Key Economic Zone instead of developing into a logistics center amid ongoing traffic, technical and social infrastructure overloading.
Logistics, considered an industry with huge contributions to the development of the economy, has not lived up to its potentials due to human resources shortage.
Increasing competition among private and foreign enterprises shows the market’s attractiveness towards suppliers and the potential for development in the growing Vietnamese consumer market.