Despite Vietnam’s rapid logistics expansion, the sector is at a critical juncture in talent development to sustain its significant expansion and global competitiveness.
Logistics services include many types and each one has different characteristics and levels of digital transformation. Tran Chi Dung, member of the Executive Committee at the Vietnam Logistics Business Association, looks at these groups and how resources and investment support such services.
Vietnam will have profound opportunities in logistics chain development over the next 2-3 years and beyond if it can also address its shortcomings, according to participants at a summit jointly organised by Vietnam Investment Review and SLP Vietnam last week in Ho Chi Minh City.
Vietnam’s logistics arena requires a huge push in infrastructure development in order to grasp future growth potential and adapt to new development trends.
The Indian e-commerce industry is predicted to grow five-fold to $300 billion by 2030, with third-party logistics providers expected to handle 17 billion shipments in the next seven years, according to a report by Redseer. As the third-party logistics sector expands, the cost per shipment is projected to decrease by 23% from Rs 60 in 2023 to Rs 47 by 2030. Meesho was identified as the largest contributor to e-commerce 3PL shipments in India, followed by Flipkart, Ajio, and Amazon. The report also highlighted the importance of 3PL in enabling market entry, driving growth, and optimizing logistics investments.