Deputy Minister of Industry and Trade Tran Quoc Khanh said local logistics companies have to find new spaces to grow.
Tran Trung Hung, general director of Viettel Post, warned they would continue to languish if there is no technical innovation, especially in digital transformation.
Do Huy Binh, director of the digital solutions provider Smartlock, said digital transformation is key to reducing costs, and logistics companies could cut up to 30 percent of their costs. “Investment in technology is a no-brainer for logistics companies; it is a step into the future.”
According to the VLBA, there are around 30,000 logistics companies in the country, 4,000 of them foreign-owned.
The industry is growing at 12-14 percent annually and is now worth $40-42 billion.