Fine logistics services facilitate Vietnam-EU trade: experts
Optimising quality of logistics services is a requisite measures to boost Vietnam-EU trade amidst the COVID-19 pandemic, experts said at the online business matching forum held on December 9.
Hanoi (VNA) – Optimising quality of logistics services is arequisite measures to boost Vietnam-EU trade amidst the COVID-19 pandemic,experts said at the online business matching forum held on December 9.
Director of the Ministry of Industry and Trade (MoIT)’s Trade Promotion AgencyVu Ba Phu said Vietnam and the EU have enjoyed fruitful trade ties in the pasttime, particularly the EU-Vietnam Free Trade Agreement, which was signed inAugust, serves as a boon for trade development between the two sides.
However, the two-way trade faced formidable challenges due to pandemic,including expensive logistics services, and the EU’s changes of administrativeprocedures in import-export and international goods management process.
In this context, Phu said logistics firms of both sides need to discusscooperative opportunities, take advantage of each other’s resources to optimiselogistics services so as to better serve export and import enterprises.
The MoIT’s competent agencies are working to create favourable conditions forimport and export firms as well as logistics businesses, he stressed, addingVietnam encourages local firms to invest heavily in uniform logistics infrastructure,enhance connectivity of transport vehicles, and improve capacity to providelogistics services through digitalisation.
Meanwhile, deputy head of the MoIT’s Foreign Trade Agency Tran Thanh Haisuggested EU firms plow into logistics infrastructure in Vietnam, participatein carrying out technology application in the field, and bolster training oflogistics human resources and cooperation in urban logistics, circularlogistics and green logistics.
Deputy General Secretary of the Vietnam Logistics Business Association NguyenTuong, for his part, laid stress on several challenges of Vietnamese logisticsfirms, including digital transformation, service quality, management skills,and human resources.
Senior Manager Supply Chain Solutions Asia of the Holland InternationalDistribution Council (HIDC) Sjaak de Klein said HIDC stands ready to giveconsultation on supply chain for Vietnamese logistics firms.
Sharing logistics risk management while cooperating with EU enterprises,President of Club FrancoRisk Gilbert Canameras said as risks increase when theworld changes, businesses should be well equipped with risk forecast systems./.
The Logistics Forum Vietnam 2020 was held by the Ministry of Industry and Trade (MoIT) in Hanoi on November 26, with more than 500 businesses attending.
Vietnam has set an annual growth target of 15-20 percent for the logistics sector, making up 8-10 percent of the country’s gross domestic product (GDP). Besides, logistics costs are also expected to reduce, equivalent to 16-20 percent of the GDP.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
At Hai Phong port (Photo: VNA) 
