According to the Vietnam Logistics Business Association (VLA), logistics costs remain high despite adjustments to oil and gasoline prices, creating difficulties for Vietnamese businesses, especially importers and exporters. Analysts have suggested many solutions to ease logistics costs that are threatening the development of businesses and the economy.

At the Economic Cooperative Forum in 2022 on September 23, the Prime Minister said the cooperative economy and cooperatives have not lived up to their potential. Growth in the sector is only half of general economic growth in country, and he listed eight groups of important solutions to promote digital transformation in the field.

Figures from the Hanoi Department of Tourism put tourist numbers to the capital at an estimated 13.9 million in the first nine months of the year, an increase of more than four-fold year-on-year. Total revenue is estimated at nearly VND39.7 trillion ($1.67 billion), up 4.7-fold year-on-year. International tourists totaled 766,400 and domestic tourists 13.1 million.

A report from the World Business Council for Sustainable Development (WBCSD) assessing the status of certain industrial parks in Vietnam under Environment - Social - Governance (ESG) criteria shows that more and more businesses are becoming interested in the topic. However, the criteria are still a challenge and the number of businesses using them remains modest. It is necessary for business leaders to promote investment and a holistic mindset.

Ho Chi Minh City will host the International Food Industry Exhibition (HCMC FOODEX 2022) with the theme “Connecting Values for Development” from October 19 to 22 at the Saigon Exhibition and Convention Center (SECC). A large-scale international food exhibition introducing Vietnamese brands to the world, HCMC FOODEX 2022 will also help businesses connect and conduct trade, and access information and develop strategies to innovate machinery and advanced technology into the production process, to improve competitiveness and expand domestic and export markets.

According to a report from Allied Market Research, Vietnam’s express delivery market reached $710 million in 2021 and is forecast to grow to $4.88 billion by 2030. The compound annual growth rate (CAGR) is expected to be 24.1 per cent in the 2022-2030 period. The report said the fast-growing e-commerce sector, the rise in B2C delivery, and the rapid growth in international trade services are factors driving market growth.