A murky business climate has left foreign firms wondering how much more they might become marginalised or eased out by the expanding state sector, and whether a more inward-facing China still wants their investments.
With Vietnam’s logistics industry estimated at $80 billion and with an increase of 14-16 per cent annually, the adoption of digital transformation and automation is expected to drive more efficiency in the sector.
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.
Vietnam’s logistics system remains less competitive than some neighbouring countries. Marco Civardi, CEO of JAS China & Hong Kong, a privately-owned international freight forwarder, gave VIR’s Bich Ngoc his assessment of the shifting of manufacturers to Vietnam and how the country is positioning itself to be more integrated into the global supply chain.