How will Vietnam’s logistics industry develop in the future?

The research findings on Vietnam’s transport and logistics market by Vietnam Assessment Report Joint Stock Company show a large number of people,

 

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Large space for development

The Vietnam government has implemented numerous policies to facilitate the development of transportation and logistics; numerous trade agreements have been signed; the e-commerce market and automation industry are expanding rapidly, and infrastructure is being improved. This is a critical factor in the advancement of transportation and logistics.
Furthermore, the transport and logistics industry has many opportunities as a result of the US-China trade war, which caused many Chinese companies to relocate their factories to Vietnam and Southeast Asia. In the Vietnam Report survey, nearly 91 percent of enterprises predicted that industry growth would increase by 10% in 2020, with many experts predicting a growth rate of 14-16%.
The research of the Vietnam Report also shows that Vietnam’s transport and logistics industry with great development potential can fully participate in the world’s transportation transaction centers.

The trend of online shopping is bringing great opportunities for Vietnamese transport and logistics enterprises.

Simultaneously, as online shopping demand grows, it creates a development space for delivery service companies with a high volume of delivery and service coverage across provinces, while also increasing the demand for space to store, classify goods, and complete orders. Many businesses have recognized the trend and built and invested in a system of warehouses and logistics centers with the function of providing transportation services, completing orders, and distributing in a professional and high-quality manner. By early 2019, six major logistics centers had begun construction and were operational.

To summarize, as Vietnam’s economy integrates deeper into the global economy, the scale of the logistics service market has expanded, bringing both many development opportunities and significant challenges for the development of Vietnamese logistics businesses. Enterprises must-have solutions in place to modernize their modes of operation, improve service quality, human resources, and financial capacity, and better identify their direction.

 

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