4 Breakthrough Strategies for Vietnam’s Logistics Sector: Expert Insights

Vietnam’s logistics sector is on a path of rapid expansion and has become a vital driver of the country’s economic growth. Contributing to 4-5% of Vietnam’s GDP and providing direct employment for over one million people, the logistics sector supports Vietnam’s manufacturing and export-oriented economy. As of 2023, the market is valued at around USD 40 billion, with projections of 14-15% annual growth reaching USD 40-42 billion by 2025.

However, as the sector grows, it faces significant challenges that could impede its full potential. At the Vietnam Logistics Summit 2024, industry experts and policymakers presented four essential strategies to address these challenges and enable the sector to achieve new efficiency, competitiveness, and sustainability levels.