Deputy Director of the Ministry of Industry and Trade’s Agency of Foreign Trade Tran Thanh Hai said that in the National Digital Transformation Programme by 2025, with a vision to 2030, logistics is one of eight industries that need to be prioritised for digital transformation.

In addition, one of the tasks of improving competitiveness and developing Vietnam's logistics services by 2025 in accordance with the Prime Minister’s Decision No. 200/QD-TTg dated February 14, 2017 is to research and apply new and modern technologies in management, operation, and supply chain training to achieve higher quality logistics services.

Vietnam’s Logistics Performance Index (LPI) reached 3.3 points in 2023, which is 43rd out of 154 countries and territories, and fifth among ASEAN members. Its annual growth rate of services revenue is 14 - 16% with a scale of about 40 - 42 billion USD a year. The quantity and quality of logistics services have been improved as well, making an important contribution to promoting the growth of Vietnam's import-export turnover.

According to the Vietnam Logistics Business Association (VLBA), the domestic logistics industry accounts for 20-25% of gross domestic product (GDP) and is expected to grow 12% per year in the near future.

Experts said that the strong growth of the e-commerce industry brings more opportunities for logistics companies, as a rise in e-commerce transaction volume leads to increasing demand for transportation, logistics and delivery. The increase has been both an opportunity and a challenge for logistics services in e-commerce.

They also pointed out that applying technology to logistics activities helps businesses reduce delivery costs by 14% and increase the number of deliveries per vehicle by 13%.

Additionally, these breakthrough technologies enable logistics companies and service providers to further optimise costs and increase delivery productivity by intelligently planning routes to ensure operation quality.

Businesses and investors were advised to focus on expanding and modernising warehouses, planning networks to solve delivery options and forms, and optimising route deliveries to minimise delivery costs for both enterprises and users.

Connecting local stores on e-commerce platforms

The Centre for Information and Digital Technology under the Vietnam E-commerce and Digital Economy Agency, Ministry of Industry and Trade, has been connecting local departments, agencies and branches with e-commerce platforms and e-commerce service providers to deploy the Flagship Store model of local stalls on e-commerce platforms.

Cross-border e-commerce Vietnam’s next big thing in exports: Amazon

Cross-border e-commerce is expected to be fifth highest in the list of Vietnam’s exports by 2027 with a value of US$12 billion, according to U.S. e-commerce giant Amazon.

E-commerce grows 25% in 2023

The size of Vietnam’s e-commerce market is estimated to have reached 20.5 billion USD in 2023, for growth of 25 percent compared to 2022. This demonstrates that e-commerce is increasingly asserting its position as a crucial component of Vietnam’s digital economy, driving economic development and leading digital transformation in businesses.

Vietnam's e-commerce to hit 20.5 billion USD this year: conference

Vietnam’s e-commerce is expected to reach 20.5 billion USD this year, affirming its important role in the national digital economy, heard a conference held by the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) in Hanoi on December 1.

Bac Giang encourages businesses to join e-commerce platforms

BAC GIANG - Bac Giang authorities have always paid attention to developing e-commerce, especially in enterprises. The province strives to have 60% of businesses participate in e-commerce platforms by 2025 and use e-commerce applications to search for information and markets. 50% of businesses are expected to have their own websites to promote their brands and products.

Source: VNA