Vietnam – fertile land for logistics startups

Many students showed interest in logistics startups while attending a recent seminar held by the Ministry of Industry and Trade (MoIT)'s Export-Import Department and the Vietnam logistics training network.

The students expressed their hopes to work for logistics firms before setting up logistics startups, but wondered as fresh graduates whether they would be employed or not.

CEOs of major logistics companies like Delta International and Kepler Logistics said working spirit and passion for logistics were more important than experience as they provide training for all new employees.

Tran Thanh Hai, deputy head of the Export-Import Department, said many universities and colleges have started offering logistics training programs, helping shorten training duration for businesses.

Economists at the seminar told the students how to set up startups, stressing innovation and creativity as key factors.

Dinh Viet Hoa, President of the National Startup Association, suggested youths take advantage of business opportunities and learn from foreign models.

To become big businesses in the future, capacity for administration and human resources is needed, he said.

According to economists, the rapid development of e-commerce has changed consumption habits of Vietnamese, from traditional to online shopping.

Statistics show that cross-border online transaction value in Vietnam is nearly USD 500 billion each year, with about USD 9 billion worth of goods transported by road. The country, therefore, has been seen as a fertile land for logistics startups.

Source: People's Army Newspaper