Want to be in the loop?
subscribe to
our notification
Business News
VIETNAMESE LOGISTICS IN HIGH NEED OF YOUNG TALENT
Vietnam is still lacking high-quality manpower to serve the future growth of the logistics industry, pushing the country to take more action soon.
The Vietnam Young Logistics Talents 2020 contest was officially kicked off in early August and will last until December as part of the effort to deal with the difficulty and to raise people’s awareness about the importance of logistics development in economic development.
According to a recent study from the Vietnam Logistics Business Association (VLA), from now to 2030, the country will need about 250,000 employees for the logistics service industry to serve business demand and the sector's development.
The aim of the 2020 edition of the contest was to unleash innovative ideas at the semi-final and final rounds.
The four-month tournament will hold the final round in Hanoi, promising a thrilling competition among excellent teams.
The Vietnam Young Logistics Talents competition has been launched in 2018 with support from the Agency of Foreign Trade under the Ministry of Industry and Trade, attracting the interest of students nationwide.
In 2019, the contest attracted 400 teams from 40 universities and colleges and education establishments nationwide. As expected, the number of participating teams will rise further this year, driven by the growth of the industry and due attention from universities and schools in logistics training.
Ngo Huong, a member of Logi team from the Banking Academy, which won last year's competition, said, “Despite being a newly-launched contest, its scale and professionalism has made it an attractive playground for students. Especially, the competition not only welcomes logistics students but also those with a strong interest in logistics. This was a motivation for us to win the award.”
As Vietnam integrates ever-deeper into the global economy, logistics has become one of the sectors with the highest growth in the past years, with 12-14 per cent according the Logistics Vietnam Report 2019 of the Ministry of Industry and Trade.
At present, local logistics firms are still struggling to seek skilled manpower who have good skills, professionalism, and English skills. This is a challenge for Vietnam amidst the strong development of the industry.
2019 marked an important landmark in logistics training at universities as many universities officially opened a major in logistics. As of October 2019, among the 286 universities nationwide, 28 had a logistics major. However, the improvement has yet to meet the growing demand.
Source: VIR
Related News
EVFTA DEEPENS VIETNAM-EU RELATIONS AFTER SIX YEARS
The EVFTA acts as a vital economic highway to boost trade between Vietnam and EU. In 2019, the Vietnam – EU two-way trade stood at $49.8 billion. This figure rose to $74 billion by the end of 2025. In the first six months of 2026, two-way trade between Vietnam and the EU totalled $41.7 billion. Vietnam's exports to the EU reached $31.8 billion, while imports from the bloc stood at $9.9 billion.
AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT
AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026
Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.
GLOBAL BEAUTY BRANDS EYE OPPORTUNITIES IN VIETNAM
Vietnam’s fast-growing beauty and personal care market is attracting thousands of international brands, with a major industry exhibition in Ho Chi Minh City bringing together more than 3,000 brands from over 24 countries and territories. The Vietbeauty, Cosmobeauté Vietnam and Beautycare Plus 2026 exhibitions officially opened in Ho Chi Minh City on Thursday, bringing together 600 exhibitors from Japan, South Korea, the United States, France, Singapore and Vietnam, among others.
HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%
HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.
























