Although the cold chain logistics sector in Viet Nam is considered small and fragmented, the market has shown signs of improvement due to the increasing demand for high quality products. With the foundation of agricultural production and rapid economic growth, Viet Nam is facing challenges in food waste as well as difficulties in logistics management for cold and cool supply chains. According to David Appel, president of Carrier Transicold & Refrigeration Systems, cold chain logistics have long been fragmented in Viet Nam, with small- and medium-sized service providers offering only localised services and not for the entire food supply chain. Meanwhile, the traditional trade channel accounted for 86 per cent of the value of retail contributions in Viet Nam such as markets, grocery stores, restaurants and distribution systems. The Vietnam Academy of Agricultural Sciences once reported that in Viet Nam, the cold storage stage is only focused on seafood products because they are … [Read more...] about Cold chain logistics improving
Optimizing supply chain management
Government of Vietnam encourages and creates optimal conditions for…
He made the call at a high-level roundtable with Vietnamese and Danish enterprises in the fields of green growth, seaport, logistics and high technology, which was held in Copenhagen on October 20th as part of the PM's ongoing visit to Denmark.The Vietnamese Government leader briefed the Danish firms on the potential and advantages of Vietnam such as young labour force, rapid IT and telecommunications development, and high GDP growth, as well as the country's intensive international integration as seen in its engagement in 16 new-generation free trade agreements.He noted that currently Vietnam is hosting more than 130 Danish enterprises, but the figure has yet to meet potential of the Vietnam-Denmark comprehensive partnership.PM Nguyen Xuan Phuc (centre) at the roundtable with Vietnamese and Danish businesses. (Photo: VNA)PM Nguyen Xuan Phuc stressed that the Government of Vietnam encourages and creates optimal conditions for Danish firms to invest in Vietnam, especially in maritime … [Read more...] about Government of Vietnam encourages and creates optimal conditions for…
Supply chain optimisation boosts garment firms’ competitiveness
High logistic costs are holding back garment firms. Photo: VNA The concept of global supply chains is not unfamiliar to import and export enterprises in the context of the Vietnamese economy becoming a market economy and international integration during the past 30 years. However, most Vietnamese enterprises, especially garment and textile firms, only participate in secondary supply chains with low added-value. According to Nguyen Van Nam, director of the Research Institute for Brand and Competition Strategy, the outstanding disadvantages of the Vietnamese supply chain are its backwardness and lack of consistency. At present, only 21 per cent of small- and medium-sized enterprises are part of the global supply chain, while the figure is 30 per cent in Thailand and 46 per cent in Malaysia. The logistics expenses of domestic enterprises is double or triple of those in a number of countries with similar economic conditions to Vietnam. The expanded costs on logistics have hugely … [Read more...] about Supply chain optimisation boosts garment firms’ competitiveness
Supply chain optimisation boosts garment firms’ competitive capacity
High logistic costs are holding back garment firms. Photo: VNA The concept of global supply chains is not unfamiliar to import and export enterprises in the context of the Vietnamese economy becoming a market economy and international integration during the past 30 years. However, most Vietnamese enterprises, especially garment and textile firms, only participate in secondary supply chains with low added-value. According to Nguyen Van Nam, director of the Research Institute for Brand and Competition Strategy, the outstanding disadvantages of the Vietnamese supply chain are its backwardness and lack of consistency. At present, only 21 per cent of small- and medium-sized enterprises are part of the global supply chain, while the figure is 30 per cent in Thailand and 46 per cent in Malaysia. The logistics expenses of domestic enterprises is double or triple of those in a number of countries with similar economic conditions to Vietnam. The expanded costs on logistics have hugely … [Read more...] about Supply chain optimisation boosts garment firms’ competitive capacity
Forum discusses optimizing supply chain, business strategy
The event was held by the Institute for Brand and Competitiveness Strategy (BCSI) in partnership with Portland State University from the United States. Speaking at the forum, President of the BCSI Council Nguyen Van Nam said the concept of global supply chains is not new to Vietnamese companies. Since Vietnam’s shift from a centrally planned to market economy three decades ago, the country has set up trade relations with more than 180 countries and drawn investment from over 100 countries. However, most firms only participate in the secondary supply chain, so the products they make don’t have high added value, he said. A forum on how to optimize supply chains and competitiveness for enterprises in Vietnam About 21 percent of small- and medium-sized enterprises in Vietnam joined the global supply chain while the percentages in Thailand and Malaysia are 30 percent and 46 percent, respectively. Thus, Vietnamese enterprises are less likely to benefit from the … [Read more...] about Forum discusses optimizing supply chain, business strategy