Vietnam's logistics sector embraces green transition amid global pressure
At a recent seminar hosted by the Trade and Industry Review, Dang Hong Nhung, a representative of the Ministry of Industry and Trade's Agency of Foreign Trade, highlighted the sector's impressive 15% growth rate and Vietnam's top-five ASEAN ranking in logistics performance. However, she warned that global trends are driving a shift toward sustainable practices, and Vietnam must adapt to keep pace.
The European Union's Carbon Border Adjustment Mechanism (CBAM), which will become effective in 2026, and similar initiatives in the US are set to impose carbon taxes on imported goods, pushing exporting countries to adopt greener production processes. As a critical link in the supply chain, the logistics sector is directly impacted by these sustainability requirements.
The green transition is both a challenge and an opportunity for Vietnamese logistics companies, she said, adding that by optimising processes and reducing costs, firms can gain a competitive edge and tap into new business avenues.
Tran Thi Thu Huong, Head of the Logistics and Supply Chain Faculty at the University of Commerce, underlined the urgency of this transition for Vietnamese logistics companies. With intense competition from foreign rivals, adopting sustainable practices is essential to remain competitive and capture market share.
As the sector stands at this critical juncture, the message is clear: embrace sustainability or risk being left behind in an increasingly eco-conscious global marketplace. The future of Vietnam's logistics sector depends on its ability to adapt and innovate in the face of these evolving demands./.
Related News
Latest News
Sustainable opportunities for Vietnamese goods to penetrate the global market
13:54 | 30/12/2024 Import-Export
Top brands in Việt Nam in 2024 revealled
13:54 | 30/12/2024 Import-Export
Vietnamese catfish exports to hit $2 billion mark this year
13:52 | 30/12/2024 Import-Export
Is the 12% export growth target for 2025 achievable?
13:50 | 30/12/2024 Import-Export
More News
Increase revenue from building a sustainable supply chain
11:04 | 30/12/2024 Import-Export
Coconut export enter acceleration cycle
11:02 | 30/12/2024 Import-Export
Pepper export value reaches highest level since 2017
17:58 | 29/12/2024 Import-Export
Fraudulent planting area codes threaten Việt Nam’s durian exports
17:52 | 29/12/2024 Import-Export
Industrial production maintains rapid and throughout bounce back
14:26 | 29/12/2024 Import-Export
Halal Market: The Door is Wide Open, How to Exploit It
14:23 | 29/12/2024 Import-Export
Việt Nam becomes second biggest garment exporter globally
18:06 | 28/12/2024 Import-Export
Fraudulent planting area codes threaten Việt Nam’s durian exports
18:03 | 28/12/2024 Import-Export
Trade remedies protect domestic industries
13:49 | 28/12/2024 Import-Export
Your care
Sustainable opportunities for Vietnamese goods to penetrate the global market
13:54 | 30/12/2024 Import-Export
Top brands in Việt Nam in 2024 revealled
13:54 | 30/12/2024 Import-Export
Vietnamese catfish exports to hit $2 billion mark this year
13:52 | 30/12/2024 Import-Export
Is the 12% export growth target for 2025 achievable?
13:50 | 30/12/2024 Import-Export
Increase revenue from building a sustainable supply chain
11:04 | 30/12/2024 Import-Export