Vietnam keen on boosting logistics partnership with RoK

Stronger partnership between Vietnam and the Republic of Korea (RoK) in logistics, along with measures to encourage the transfer of technologies between the two sides, will help improve Vietnam's capacity in the field and contribute to turning Vietnam into an industrialised country in modern direction, said Director of the Vietnam Trade Promotion Agency (Vietrade) Vu Ba Phu.

Addressing a policy dialogue on logistics sector held by the Vietrade and the Korea Trade-Investment Promotion Agency (KOTRA) in Hanoi on April 14, which was part of the 31st Vietnam Expo, Phu said that Vietnam currently has 69 logistics centres in different scales, mostly in industrial parks.

A number of localities such as An Giang, Ba Ria-Vung Tau, Bac Ninh,  Cao Bang, Da Nang and Quang Ninh are calling for investment in their logistics sector, he noted.

Vietnam keen on boosting logistics partnership with RoK -0
Director of the Vietnam Trade Promotion Agency (Vietrade) Vu Ba Phu addresses the event. (Photo: VNA)

With the Fourth Industrial Revolution, traditional logistics centres have been switched into new-generation centres using high technologies, he said, adding that an action plan to enhance the competitiveness and development of Vietnamese logistics sector until 2025 has been implemented with an aim to cut logistics cost and improving efficiency of the sector.

Along with developing infrastructure system and improving human resources for logistics sector, administrative procedures in the sector have been reformed.

According to the Ministry of Industry and Trade (MoIT), in 2021, the operational capacity of Vietnam's logistics sector reached 3.34 points compared to 3.27 points in 2018. Vietnam also entered top 10 countries with highest growth of logistics sector at 14-16 percent each year.

The RoK is currently the largest investor in Vietnam with more than 9,200 underway projects worth 74.7 billion USD as of 2022, including many in the logistics sector.

At the event, Kim Sammo, General Director of Kukdong Logistics and President of the Korea Logistics Association, said the number of Vietnamese logistics firms rose from 37,000 in 2017 to 41,000 in 2020 and is continuing to rise. The Vietnamese logistics sector is forecast to increase over 13 percent per year until the end of 2022 and in the future thanks to stronger foreign investment and the application of modern technologies as well as e-commerce activities.

He held that in order for Vietnamese and Korean firms to grasp cooperation opportunities, it is necessary to form an Electronic Data Interchange (EDI) system and standardise logistics infrastructure services with standard prices to win consumers’ confidence.

Dinh Huu Thanh, CEO of Bee Logistics Corporation underlined the need for managing agencies to give detail directions in administrative procedures to facilitate cooperation in the field, while speeding up administrative reform in e-commerce.

According to Tran Thanh Hai, Deputy Director of the MoIT’s Import-Export Department, amid high rises in logistics cost, Vietnam has cut down environmental protection tax on petrol to support economic sectors, including logistics.

Meanwhile, Nguyen Cong Bang, Deputy Director of Transport Department under the Ministry of Transport said that the ministry has formed a working group to make evaluation on impacts of petrol prices on the sector for timely solutions.

VNA

Other News

A view of a container port in Singapore. (File photo: Xinhua/VNA)

Vietnam-Singapore trade cooperation gains fresh momentum

Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.

Vietnamese products make strong impression at Foodservice Australia 2026

Vietnamese products make strong impression at Foodservice Australia 2026

International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.

Digital technology helps standardise supply chains, sustain export competitiveness

Digital technology helps standardise supply chains, sustain export competitiveness

Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.

Vietnam seen as attractive investment destination for 2026–2035

Vietnam seen as attractive investment destination for 2026–2035

The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.

Eco-industrial parks seen as catalyst for higher-quality FDI

Eco-industrial parks seen as catalyst for higher-quality FDI

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.

Hanoi proposes subsidies to accelerate shift to electric vehicles

Hanoi proposes subsidies to accelerate shift to electric vehicles

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.