Vietnam bongdaso con is highly regarded for its potential and growth room, yet it suffers from low efficiency and a lack of digitalization.
"Vietnam is gradually replacing China as the world's factory, with an increasingly internationalized manufacturing sector and an important link in the global retail chain. However, many stages in bongdaso con operations are still manually executed, reducing business efficiency," Mr. Kim Dongkyun, head of the Smart bongdaso con Department at Samsung SDS Asia-Pacific.
Vietnam ranks fourth in Agility's 2023 Emerging Markets Index for global bongdaso con opportunities, just behind China, India, and Mexico. This sector is also seen as rapidly growing, with an increase of over 23% from 2020-2022, according to Nextrans.
However, this investment fund also estimates Vietnam's total bongdaso con costs to be high, accounting for about 20% of GDP. Each product has to bear transportation costs amounting to 30-40% of its price. Meanwhile, in the US, South Korea, and Japan, this rate is below 15%. This difference indicates that the bongdaso con sector has much room for improvement.
"The bongdaso con market in Vietnam has not been fully digitalized compared to Europe countries, US, or South Korea, and there are many areas that need improvement as it is very difficult to operate manufacturing sectors without digitalization," a representative of Samsung SDS commented on the weakness of Vietnam's bongdaso con.
The room for improvement through digitalization makes this sector a "fertile ground" for technology companies such as Samsung, Amazon, Alibaba, and domestic ones like Viettel and FPT.
Regarding business operations in bongdaso con, Amazon has mentioned that their warehouse operation solutions help retailers save costs when selling abroad. Similarly, Samsung stated that the Cello Square solution developed by Samsung SDS enhances productivity and minimizes risks in the transportation process.
These technology companies leverage their platforms to transition from being customers of the bongdaso con to becoming service providers, such as Samsung SDS, Amazon Global Selling, or Viettel Logistics. Mr. Kim Dongkyun believes that digitalization can help reduce inventory age by up to 50%, one of the factors that determine capital tie-up in the system.
Digitalization solutions in bongdaso con are not necessarily dependent on high or special technologies. However, due to the nature of large-scale production and import-export operations, the challenge of digitalization lies in the lengthy period of quality testing, ensuring reliability, and the ability to personalize depending on business needs.
"Whether it's SDS or domestic companies in Vietnam, the cost difference will not be significantly large. In fact, we do not sell Samsung's bongdaso con solutions but share them, so customers do not incur initial system investment costs," Mr. Kim Dongkyun responded when asked about businesses' concerns regarding the cost of digitalizing bongdaso con.
Source: https://zingnews.vn/nganh-bongdaso con-viet-nam-co-muc-do-so-hoa-thap-post1408639.html
At the inaugural Global Air Cargo Summit, held in Antalya, Türkiye, the International Civil Aviation Organization (ICAO) forecasted that air freight volumes will grow by an...
The imposition of new U.S. tariffs on foreign-made vehicles and components is causing significant disruptions in the global automotive supply chain. Airfreight, often a linchpin...
Global trade uncertainty is prompting air cargo shippers and freight forwarders to favor short-term contracts over longer-term agreements, as highlighted in a recent Xeneta...
U.S. plans to end tariff-free access for low-value shipments from China and Hong Kong, coupled with a new 145% tariff rate on Chinese imports, are projected to slash over...
Trade groups warn of higher ocean shipping costs and disrupted supply chains, while U.S. officials argue the policy aims to strengthen domestic shipbuilding and enhance economic...
Since January, the Trump Administration has announced and delayed multiple tariffs on imports from Canada and Mexico, further destabilizing the cross-border freight market....
As global supply chains adjust to post-pandemic realities and shifting trade dynamics, the air cargo industry in the Asia-Pacific (APAC) region finds itself at a pivotal crossroads.
Global tonnage improved +3% in week 15 (April 7-13) after the previous week’s drop of -7% as markets that had closed for the Eid-al-Fitr holiday came back on stream, but comparison...
E-commerce continues to be a key growth driver for air cargo, fueled by rising consumer demand and the rapid expansion of emerging markets, even as regulatory barriers increase.
The International Air Transport Association (IATA) has maintained a positive outlook for air cargo, emphasizing that the majority of global trade remains unaffected by the...
en