Vietnam – South America logistics trade forum held
The online Vietnam – South America logistics trade forum has been held to help the two countries' firms expand business cooperation opportunities in the field.
Hanoi (VNA) – The online Vietnam –South America logistics trade forum has been held to help the two countries' firms expandbusiness cooperation opportunities in the field.
Speaking at the event, deputy head of the Ministryof Industry and Trade (MoIT)’s Vietnam Trade Promotion Agency Le Hoang Tai saidSouth America is a promising market for Vietnam’s exports such as apparel,leather and footwear, handicraft, aquatic products and processed food. However,its export turnover remains limited.
✃ Recently, both sides have met difficulties intrade due to COVID-19 pandemic. Moreover, far distance and limitedtransportation of goods also resulted in high logistics cost, making it hardfor Vietnamese goods to compete with rivals.
Logistics firms also faced barriers related tolanguage, cultural differences and access to market information, he said.
Vice General Secretary of the Vietnam Logistics Business Association NguyenTuong said Vietnam’s logistics sector is undergoing digital transformation tomeet development demand following the pandemic.
He proposed enterprises meet togetheror via agents to learn about information related to the market and demand. Embassiesshould also hold trade promotion trips to support them.
♏ CEO of the Empresas Taylor Company Matthew TaylorPollmann suggested Vietnamese logistics firms join projects on technologicaltransformation, adoption of artificial intelligence in logistics, or switch togreen energy in Chile.
Tai added that the MoIT is reviewing administrativeprocedures to create favourable conditions for export and logistics firms.
🧸 The ministry should also encourages logistics companies to invest in infrastructure and digitalise operations to improve competitiveness, he said./.
The government wants its agencies and businesses to reduce logistics cost to enhance the competitiveness of the country’s goods. According to experts, the cost for logistics remains high, leading to higher product costs and lower competitive advantages for Vietnamese goods and its economy.
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.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
