Digital economy potential opens up development opportunities for Vietnamese logistics


release time:

2022-09-08

According to recent reports by Vietnamese media, in the past week, many newspapers and media have assessed the prospects and challenges of Vietnam's logistics and smart countryside.

According to recent reports by Vietnamese media, in the past week, many newspapers and media have assessed the prospects and challenges of Vietnam's logistics and smart countryside.

Some reports suggest that Vietnam is opening up new opportunities for development in these areas thanks to the digital economy, young population, the penetration of the Internet, and the potential for shifting world supply chains.

"Nikkei Asia News" published information: "Vietnam produces Apple Watch and MacBook for the first time". Vietnam has become an important manufacturing hub for Apple outside of China, producing a range of key products for the U.S. company, including iPad tablets and AirPods headphones.

According to Fiber2fashion, Vietnam's digital economy market size exceeds US$50 billion, bringing huge opportunities to the logistics industry. However, the paper also noted that the transport infrastructure system is out of sync and relies heavily on road routes. According to a report by global supply chain service provider Aligity, logistics costs in Vietnam are almost double the world average.

“Vietnam is becoming a strategically located destination. With this location, the logistics infrastructure is particularly important. The port, railway and aviation infrastructure that ensures Vietnam’s connectivity with the world is crucial. Low infrastructure costs will be a direct Great appeal for investment," commented Kevin Burrell, Regional General Manager, Maersk Group.

Opengovasia has released information that the Vietnamese government has approved a national plan for smart rural development. The programme will focus on building new modern villages through digital transformation. Vietnam proposes that by 2025, at least 90% of central government documents, 80% of county-level official documents, and 60% of township-level official documents will be processed online. At least 97% of the townships meet the new rural information and telecommunications standards.

"Vietnam's population will soon exceed 100 million people, with many young people and widespread Internet access. These are Vietnam's advantages that Japan does not have, not only in the construction of smart rural areas, but also in many other fields. Vietnam's economy is expected to grow by 6.5% this year, from Starting next year, the increase will be even higher," said Hiroyuki Moribe, director of the Japan-Vietnam Economic Research and Development Institute.

The opinions reported by various newspapers are basically the same. Although Vietnam has great potential, it also faces great challenges in developing logistics and smart agriculture. In particular, other countries will give priority to developing these two fields.