Competition challenges from CPTPP for distribution and logistics sectors

VCN - Distribution - e-commerce - logistics are some sectors offering many remarkable commitments in the CPTPP in the direction of opening the market of Vietnam more than WTO commitments but also setting limits for State management.  
competition challenges from cptpp for distribution and logistics sectors GDP Vietnam forecasted to achieve 7 percent annual growth in 2021 – 2025
competition challenges from cptpp for distribution and logistics sectors Actively bringing Vietnamese agricultural products to the world market
competition challenges from cptpp for distribution and logistics sectors CPTPP creates opportunities for fine art and handicraft exports
competition challenges from cptpp for distribution and logistics sectors
Conference on Distribution, Electronic Commerce and Logistics Sectors in Vietnam: opportunities and Challenges from CPTPP Agreement. Photo: H. Diu

This was stated at a conference on Distribution - E-Commerce - Logistics Sectors in Vietnam before opportunities and challenges from the CPTPP Agreement organised by the Vietnam Chamber of Commerce and Industry (VCCI) under the framework of Australia‘s programme to support Vietnam's economic reform (Aus4Reform) on the afternoon of November 25 in Hanoi.

At the conference, Nguyen Thi Thu Trang, Director of the VCCI's Centre for WTO and Economic Integration, said the distribution sector, especially the retail market, has many opportunities for development thanks to commitments in the CPTPP and integration in general.

Therefore, this sector has the opportunity to increase market size thanks to GDP growth and increases in people's income. According to the World Bank, the CPTPP will help increase Vietnam's GDP by 1.1-3.5 percent. In addition, the CPTPP also helps increase the supply of goods for the retail and distribution sectors from commitments on trade in goods.

Besides, the CPTPP is an opportunity to expand e-commerce activities, especially cross-border e-commerce, as CPTPP commitments will create a safe, stable and predictable legal framework, as a premise to promote e-commerce.

However, for distribution and e-commerce industries, the VCCI representative said the challenge in the CPTPP is competition pressure. Therefore, businesses in this sector need to improve their competitiveness, improve supply of goods, control the quality of goods, as well as management agencies must take measures to support the development of distribution channels and create a link among manufacturers - distributors – customers.

However, in the CPTPP, the most affected sector is the logistics. According to Trang, because access to the CPTPP market has not changed much compared to the WTO, the competition is not remarkable, so it will not much affect domestic logistics. Therefore, the CPTPP opens up opportunities for cooperation, investment, scale increase, business efficiency as well as cuts business costs for logistics enterprises.

But the other impacts of the CPTPP increase import and export activities, increasing the source of customers for logistics. Therefore, businesses in this sector must handle issues related to freight, customs, import and export.

competition challenges from cptpp for distribution and logistics sectors Vietnam posts positive trade balance with CPTPP

Vietnam posted a positive trade surplus of over 1 billion USD with ten countries in the Comprehensive ...

From these analyses, experts and enterprises participating in the conference said Vietnamese enterprises are not the only group enjoying these benefits, so they must plan to overcome the limitations and improve the competitiveness by improving services, applying information technology, improving the quality of human resources and enhancing cooperation.

By Huong Diu/ Huyen Trang

Related News

Rise in e-commerce violations sparks concern

Rise in e-commerce violations sparks concern

VCN - The increasing sophistication of violations in e-commerce operations is presenting significant challenges for regulatory agencies, with offenders employing advanced tactics to evade detection.
“Give and Take” in the Value Chain of the CPTPP Market

“Give and Take” in the Value Chain of the CPTPP Market

VCN - Vietnamese businesses have many opportunities and advantages if they take advantage of resources from imports and technology transfers when joining the supply chains of FDI companies within the CPTPP.
Strengthen the management and use of electronic invoices for e-commerce

Strengthen the management and use of electronic invoices for e-commerce

VCN - Prime Minister Pham Minh Chinh requested ministries, branches and localities to strengthen the management and use of electronic invoices and improve the efficiency of tax collection for e-commerce.
Concerns over counterfeit goods in e-commerce and express delivery

Concerns over counterfeit goods in e-commerce and express delivery

VCN - The proliferation of counterfeit goods and intellectual property (IP) violations in e-commerce has become a significant challenge for businesses and authorities alike. This issue was highlighted at the seminar titled "Enhancing Cooperation to Combat Smuggling, Counterfeiting, and IP Violations," organized by Customs Magazine last weekend in Ho Chi Minh City.

Latest News

Seafood exports expected to exceed $10 billion in 2025: expert

Seafood exports expected to exceed $10 billion in 2025: expert

The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.
Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

VCN - In the Report announcing the Ranking of Top 10 Reputable Animal Feed Companies in 2024 on December 12, 2024, Vietnam Report Joint Stock Company said that Vietnam's animal feed industry has faced many challenges from natural disasters and epidemics. But overcoming all, the industry continues to survive and has confidence in the future.
Vietnam's import-export surges 15.3%

Vietnam's import-export surges 15.3%

Vietnam's total import-export turnover reached 745 billion USD as of December 14, marking a robust 15.3% growth compared to the same period in 2023, according to the General Department of Vietnam Customs.
More Vietnamese firms interested in Saudi Arabia: Ambassador

More Vietnamese firms interested in Saudi Arabia: Ambassador

An increasing number of Vietnamese enterprises are showing interest in Saudi Arabia, particularly in the sectors of Vietnam's advantages and the Middle East country's needs, a diplomat has said.

More News

Binh Dinh province works to attract investment from Japan

Binh Dinh province works to attract investment from Japan

The People’s Committee of Binh Dinh province on December 18 inked a cooperation deal with the Japan - Vietnam Friendship Association of Sakai city as part of the south-central province’s efforts to attract more investment and development resources from the Northeast Asian country.
Agricultural, forestry and fishery exports “reach the target” early

Agricultural, forestry and fishery exports “reach the target” early

VCN - According to a report from the Ministry of Agriculture and Rural Development, the export turnover of agricultural, forestry and fishery products in November 2024 is estimated at US $5.3 billion, up 13.9% compared to November 2023. It is notable that it not only “reaching the finish line” early, the agricultural sector also exceeded the annual plan by over US $ one billion.
Thailand remains Vietnam’s biggest trading partner in ASEAN

Thailand remains Vietnam’s biggest trading partner in ASEAN

The activities conducted by the Vietnam Trade Office in Thailand in 2024 have enriched the trade and investment relations between the two countries, contributing to helping Thailand maintain its position as Vietnam's largest trading partner in the Association of Southeast Asian Nations (ASEAN), according to Le Huu Phuc, Vietnam's Trade Counsellor in Thailand.
Rubber value soars in 2024: VRA

Rubber value soars in 2024: VRA

All Vietnam's rubber’s top 15 export markets saw growth in export values in 2024, with Malaysia recording the highest increase, expanding fivefold, followed by Sri Lanka at 3.7 times, according to the Vietnam Rubber Association (VRA).
Vietnamese businesses struggle to access green finance

Vietnamese businesses struggle to access green finance

VCN - Green finance is gradually becoming an indispensable tool in Vietnam to support businesses, promote sustainable development, and move towards the goal of Net Zero. However, the path to accessing green capital is full of barriers, especially for small and medium enterprises.
E-commerce: a gateway to boost Vietnamese commodities in the UK market

E-commerce: a gateway to boost Vietnamese commodities in the UK market

E-commerce stands out as a promising channel to further enhance Việt Nam’s trade presence in this dynamic market.
Agro-forestry-fisheries exports top 62 billion USD in 2024

Agro-forestry-fisheries exports top 62 billion USD in 2024

Vietnam’s agro-forestry-fisheries exports are projected to reach over 62 billion USD in 2024, and continue to grow next year, heard at a conference in Ho Chi Minh City on December 16.
Removing “bottlenecks” for digital transformation in industrial production

Removing “bottlenecks” for digital transformation in industrial production

VCN - Although implementing digital transformation towards smart production creates many opportunities, it also poses significant challenges for businesses, especially in terms of investment costs and human resources.
UKVFTA facilitates Việt Nam

UKVFTA facilitates Việt Nam's tuna exports to UK market

Việt Nam is the 13th largest tuna product supplier to the UK, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Read More

Your care

Latest Most read
Seafood exports expected to exceed $10 billion in 2025: expert

Seafood exports expected to exceed $10 billion in 2025: expert

The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.
Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

VCN - In the Report announcing the Ranking of Top 10 Reputable Animal Feed Companies in 2024 on December 12, 2024, Vietnam Report Joint Stock Company said that Vietnam's animal feed industry has faced many challenges from natural disasters and epidemics.
Vietnam's import-export surges 15.3%

Vietnam's import-export surges 15.3%

Vietnam's total import-export turnover reached 745 billion USD as of December 14, marking a robust 15.3% growth compared to the same period in 2023, according to the General Department of Vietnam Customs.
More Vietnamese firms interested in Saudi Arabia: Ambassador

More Vietnamese firms interested in Saudi Arabia: Ambassador

An increasing number of Vietnamese enterprises are showing interest in Saudi Arabia, particularly in the sectors of Vietnam's advantages and the Middle East country's needs, a diplomat has said.
“Give and Take” in the Value Chain of the CPTPP Market

“Give and Take” in the Value Chain of the CPTPP Market

Vietnamese businesses have many opportunities and advantages if they take advantage of resources from imports and technology transfers when joining the supply chains of FDI companies within the CPTPP.
Mobile Version