Abivin to bring new solutions in logistics to Vietnam

Abivin, a Vietnamese startup that won the prize at TechFest 2018 and Startup World Cup 2019 (USA) for providing AI technology supply chain solutions for enterprises, has faced difficulties in applying this model in practice. The company has been working hard consistently to gain the trust of institutional clients.

Development of Logistics Centers Necessary

Logistics plays an important role in the development and economic growth of a country. However, Vietnam still has no strategy or master plan for developing this sector.

Illustrative photo.

Textile and garment sector facing labor shortage

Intense competition from new FDI investments, and attrition of workers from textile and garment sector to other more lucrative industries has created a severe shortage of labor in the various textile and garment enterprises.
Vietnam textile and garment industry is difficult to benefit from EVFTA, because most Vietnamese enterprises only carry out the cutting process but not fabric and yarn producing.

EVFTA offers stock investment opportunities

The announcement that Vietnam and EU will soon sign the Free Trade Agreement (EVFTA) has pushed up trading activities of many stocks recently. However, it is too soon to expect a breakthrough in performance in Vietnamese enterprises as they may not be ready for this big move.
Pangasius industry is lack of processed products.

Unstable Pangasius Exports

Vietnam is a leading country in pangasius exports in the world, but the export growth is still not stable. One of the reasons is trade barriers, which includes tariffs and technical standards. Another important factor is that there is no long-term strategy to support sustainable growth in this industry.
We need to choose FDI inflows carefully, especially in the context of the US-China trade war (illustrative photo).

Suitable macro policies amidst US-China trade war

Vietnam needs a suitable macro policy to utilize the opportunities and advantages of the US-China trade war, as well as overcome the challenges it brings.  The country also needs to find a credible solution to origin of products to avoid risks.
Asanzo says its products are made in Vietnam, but nearly 0% products are produced in Vietnam.

Products made in Vietnam still lack quality

“In an integrated global economy, imports of materials of enterprises from other countries is inevitable. The products are truly made in Vietnam when the supporting industries are strong enough”, said Hoang Manh Tan (picture), Deputy CEO of Son Ha Group, in a discussion with SGGP Investment & Finance on prominent issues that many products are being labeled “Made in Vietnam”.