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

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.