Việt Nam promotes green logistics

The country's logistics industry has recorded a growth rate of 13-15 per cent each year, making it an important service industry and boosting the nation's socio-economic development.
Containers at Cát Lái Port, HCM City. Việt Nam is one of the top ten emerging logistics markets. —VNA/VNS Photo

The country's logistics industry has recorded a growth rate of 13-15 per cent each year, making it an important service industry and boosting the nation's socio-economic development. However, according to experts, the industry is not yet participating much in the global logistics chain.

Đặng Hồng Nhung from the Import-Export Department under the Ministry of Industry and Trade said that Việt Nam was one of the top ten emerging logistics markets, ranking at fourth place in the International Logistics Opportunity Index. This showed the great potential of the Vietnamese logistics market.

Nhung also said that the industry had made a significant contribution to Việt Nam's import-export growth in the past several years. Import-export turnover increased to over US$680 billion in 2023 from just $150 billion in 2010.

However, logistics is also an industry with large emissions and high energy consumption, and is therefore significantly affected by the green transformation trend. According to Nhung, this trend will affect the logistics industry in two ways: by both creating pressure and also by creating opportunities for Vietnamese enterprises.

Logistics businesses will have to comply with new government regulations and high standards from international organisations on limiting waste and limiting energy consumption.

The green transformation could also create conditions for the Vietnamese logistics industry to develop further. Over the long term, becoming more sustainable will help enterprises optimise processes, reduce costs and gain new business opportunities.

According to Trần Thị Thu Hương, head of the Logistics and Supply Chain Department at the University of Commerce, Việt Nam is now home to nearly 30 foreign logistics corporations and more than 34,000 Vietnamese logistics enterprises.

However, most Vietnamese logistics firms only play outside roles, providing satellite logistics services to the foreign companies.

To promote the development of green logistics, the Vietnamese logistics industry needs to carry out its goals relating to sustainable development, along with strong investments by the State in developing logistics infrastructure.

The most fundamental solution is to raise awareness among the business community and its customers. Customer demand will force enterprises to implement green development.

Mai Trần Thuật, general director of Đông Á Pharmaceutical Logistics JSC, said training courses on green logistics was necessary for enterprises, helping raise awareness of the benefits of green logistics, such as cost reduction.

In addition to policies on attracting investment in green logistics, Việt Nam needed to have more macro policies supporting development in this area, Thuật said.

The Government has preferential policies to support logistics businesses in converting vehicles, including three years of exempt registration fees for battery-powered electric trucks and half off registration fees for the following two years.

The Ministry of Industry and Trade also plans to support enterprises, especially small and medium-sized firms, in the process of converting their vehicles.

The ministry is currently drafting a strategy on developing the country's logistics services over the next decade. Developing green logistics features prominently in the draft strategy.

Nhung said that in 2022, the ministry published a Green Logistics Report. Since then, the business environment and enterprises' awareness of green logistics had improved.

"If companies want to develop, they must include a green transformation in their business strategy. The enterprises that already have such a strategy should regularly update their plans to take into account new regulations and Government incentives relating to this issue," Nhung said

Source: VNA
Comment

Latest News

Embracing green exports: a pathway to enter global supply chains

Embracing green exports: a pathway to enter global supply chains

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.

More News

Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Rice export prices drop, but decline expected to be short-term

Rice export prices drop, but decline expected to be short-term

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.
Key agro products expected to maintain export growth this year

Key agro products expected to maintain export growth this year

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.
EU issues 12 warnings against Việt Nam’s food and agricultural exports

EU issues 12 warnings against Việt Nam’s food and agricultural exports

The Việt Nam SPS Office has reported that some Vietnamese export products failed to meet the EU’s stringent standards.
Việt Nam to impose VAT on low-value express-imported goods

Việt Nam to impose VAT on low-value express-imported goods

Việt Nam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.
Exchange rate risks need attention in near future

Exchange rate risks need attention in near future

VCN - Exchange rate developments in 2025 are considered to be quite complicated due to US policies related to trade and investment.
Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

VCN - Data from the General Department of Vietnam Customs indicates a softening of both exports and imports in January 2025, relative to the same month in 2024.
Import and export turnover reaches about US$29 billion in the second half of January 2025

Import and export turnover reaches about US$29 billion in the second half of January 2025

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.
Market edges up slightly as liquidity remains low

Market edges up slightly as liquidity remains low

Market breadth remained positive, with 161 gainers outnumbering 144 decliners.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Embracing green exports: a pathway to enter global supply chains

Embracing green exports: a pathway to enter global supply chains

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Mobile Version