Digital transformation viewed as game-changer in logistics industry

Digital transformation has become a crucial aspect for logistics firms to stay ahead of the curve amid the fast-paced business world. ​
Digital transformation viewed as game-changer in logistics industry ảnh 1Containers stacked at the Gemalink international port in Ba Ria-Vung Tau province. (Photo: VNA)
Hanoi (VNS/VNA) - Digital transformation has become acrucial aspect for logistics firms to stay ahead of the curve amid thefast-paced business world.

Phan Van Chinh, Director-General of the Agency for Foreign Tradeunder the Ministry of Industry and Trade, viewed digital transformation as agame-changer for logistics firms in this time of rapid change.

He said logistics was picked as one of the eight priorityindustries in the National Digital Transformation Programme by 2025. Thefollow-up Decision No.221 laid down a course of action to improveits competitive advantages, which involves 'research and technologytransfers to accelerate digital transformation'.

According to the Vietnam Logistics Business Association (VLBA),Vietnam's logistics industry grew by around 14-16% annually in recent years. Itis comprised of about 3,000 domestic firms and 30 transnational heavyweights,including DHL, FedEx, and APL Logistics.

The industry has always been at a cost disadvantagescompared with those in China, Thailand, and Japan, because of inefficientport-related facilities. Firms in the industry are being left with nochoice but to rely on digitalisation to narrow the cost gap.

VLBA Chairman Le Quang Trung said 40% of the firms hadincorporated digital services into their daily operation, some of whichinvolves transportation and warehouse management. 

Truong Tan Loc, Marketing Manager of Saigon Newport Corporation,said the corporation had embarked on digital transformation by introducingePort, a digital service that reduces the waiting time for vehicles by half andcut customs clearance by 2 minutes per container.

The corporation had also phased in AI-powered customer servicebots to ensure a convenient and effortless experience forits clients.

The Vietnam Post Corporation followed suit with the roll-out ofVmap, a real-time locating system used to automatically identify and track thelocation of clients, significantly improving deliveryefficiency.   

Pham Anh Tuan, Business Manager of U&I Logistics Corporation,said his corporation had integrated digital factors into various aspects of itsoperation, from human resources to customer service.

The digital transformation had enabled the firm to optimiseits freight shipping transit time, reduce upkeep costs, and cut down onadministrative expenses and billing errors. 

Loc said digital transformation is not a one-man job that everyfirm can pull off on its own, but requires close cooperation to make wayfor trans-regional digitalised logistics systems.  
   
He also underlined the importance of a shared digital database forall ports in Vietnam, which could be connected to those of other ports in theworld to improve their operational efficiency and competitive advantages.

Dang Thi Bich Loan, Director of Mekong Logistics Co. Ltd., saidcustoms authorities must lead the way in digital transformation,thus kick-starting the adoption of digital technologies amonglogistics firms.    

Other experts said the integration of digital technologies intologistics would require extensive research and province-specificimplementation that take time to produce their desired effect./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.