Logistics and Supply Chain Management is a field related to the storage and transportation of goods. New graduates can earn 10-15 million VND per month, and after 5 years, this could reach 20-30 million VND.
In the last 3-5 years, Logistics and Supply Chain Management has consistently been a popular major at many universities, causing admission scores to rise continuously.
For example, in the method of considering high school graduation exam scores, in 2018, this major at the National Economics University had a cutoff score of 23.85, increasing to 26 in 2019, and from 2020 to the present, it has consistently remained at 28. Similarly, during this period, the University of Electricity increased the cutoff score for Logistics from 14 to 23.5; Hanoi University of Natural Resources and Environment from 16 to 26.75 (2020-2022); and Commerce increased from 23.4 to 27 points.
Many universities have also added this major to their training programs, such as the University of Economics Ho Chi Minh City, Economics (Hue University), Transport and Communications University, Hanoi University of Industry (opened the major in 2020), Van Lang University (2021), Hanoi University of Construction, Dai Nam University, Quy Nhon University (2022)...
According to experts, this stems from the increasing demand for human resources in this industry. In February 2022, the FAST500 – a ranking of the top 500 fastest-growing businesses in Vietnam, compiled by Vietnam Report – showed that logistics businesses ranked second, only after information technology.
According to a 2022 forecast by the Vietnam Logistics Research and Development Institute, by 2030, Vietnam will need an additional 2.2 million workers in the logistics industry, 10% of whom will be highly skilled professionals with foreign language proficiency. Meanwhile, only about 2,500 graduates in this field enter the workforce each year.
Check the recent years' benchmark scores for the Logistics major.
Students taking the 2023 high school graduation exam in Ho Chi Minh City. Photo: Quynh Tran
Concept
Dr. Tran Ngoc Mai, from the International Business Department of the Banking Academy, stated that the term "logistics" has been around for a long time. It is a part of the supply chain, involving the storage and transportation of goods and services from the point of origin to the point of consumption.
"Generally speaking, logistics is the intermediary stage that delivers goods to consumers. Supply chain management, on the other hand, is a larger picture, linking the business processes of companies, including cooperation between suppliers, partners, manufacturers, wholesalers, retailers, and customers," Ms. Mai said.
Curriculum
The specific curriculum will vary between universities, but there are some core courses that most students will have access to.
For example, the Banking Academy will offer courses in subjects including Logistics Business, Principles of Logistics and Supply Chain Management, Warehouse and Distribution Management, Global Purchasing Management, etc.
Foreign Trade University has developed a specialized program in Logistics and Supply Chain Management with an international orientation, based on programs from universities in the US, UK, and Australia, and the integrated training model of the International Federation of Freight Forwarders Associations (FIATA). In addition to knowledge, students in this major will be exposed to and able to solve problems related to logistics and supply chain management in particular, and international business in general; and participate in the production and business activities of enterprises within national, regional, and global supply chains.
Skills, learning outcomes
According to Dr. Tran Ngoc Mai, to become an expert in the field of Logistics and Supply Chain Management, students must be equipped with knowledge and skills in transporting and storing goods, and have a solid understanding of market management, analysis, and forecasting.
Meanwhile, the program at the Foreign Trade University helps students develop skills in synthesizing, analyzing, building, and implementing projects and plans in the field of logistics and supply chain management; handling situations, managing change, etc.
Job opportunities after graduation
Some common job positions for Logistics graduates include: planning, operating, coordinating, and managing supply chains at domestic and international manufacturing companies and corporations; purchasing management specialists, transportation management and coordination specialists, warehousing and inventory management specialists, data analysts, and distribution system coordinators at domestic and international freight forwarding and logistics companies; specialists in planning, market development, marketing, import/export, and customer service at import/export companies; and government management specialists in the field of logistics and supply chain management.
In management positions, logistics specialists will be responsible for running and overseeing day-to-day operations, while analysts will focus on researching and improving supply chain performance.
Individuals with expertise in this field can conduct research and teach at universities and educational institutions.
Income
According to Dr. Mai, personnel in the logistics industry are divided into many levels and have higher-than-average incomes. The starting salary for newly graduated students in Logistics and Supply Chain Management is usually in the range of 10-15 million VND per month. After about 5 years of work and accumulating experience, the salary can increase, usually to around 20-30 million VND.
However, this is just an average salary and can vary depending on many different factors such as skills, experience, and work performance.
Thanh Hang - Duong Tam
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