The scale of the cold supply chain for the Vietnamese retail market is up to 10 billion USD/year.

According to Mr. Tran Duc Nghia, Chairman of the Hanoi Logistics Association, a survey by EuroMonitor indicates that the cold chain supply for the retail market in Vietnam is estimated to be worth up to US$10 billion per year. This represents a huge potential for cooperation between Vietnamese logistics businesses and partners from Taiwan (China).

Speaking at an exchange event themed "Cold Supply Chain for Vietnam" on the afternoon of August 5th, Mr. Dinh Vi – Head of the Economic Department of the Taipei Economic and Cultural Office, Taiwan (China) – summarized the cooperation programs between the Vietnamese Ministry of Industry and Trade and relevant Taiwanese agencies to promote logistics cooperation between the two sides in recent years.

Accordingly, bilateral economic and trade relations between Taiwan and Vietnam are very close. Taiwan is currently Vietnam's fourth largest investor and also its fifth largest trading partner. Vietnam currently has over 27,000 students studying in Taiwan.

Furthermore, according to the latest survey by Taiwan's Ministry of Economic Affairs, Taiwanese businesses consider Vietnam a top choice for overseas investment. The continuous influx of Taiwanese companies to Vietnam for investment opportunities clearly demonstrates Vietnam's increasingly important role in the global supply chain.

Representatives of the Chairman of the Hanoi Logistics Association and the Taiwan Cold Chain Supply Association signed a memorandum of cooperation.

According to Mr. Tran Duc Nghia, Chairman of the Hanoi Logistics Association, a survey by EuroMonitor indicates that the cold chain supply for the retail market in Vietnam, including fresh food and pharmaceuticals, is estimated to have a market size of up to 10 billion USD per year.

According to a study conducted by Can Tho University in June 2021, in the agricultural and fisheries sector, up to 83% of products were not cold-stored after harvest, 11% were improperly stored, and only 6% were properly cold-stored. This is the leading cause of post-harvest losses in both quantity and value of goods.

These figures demonstrate the enormous potential for cooperation between Vietnamese logistics businesses in general, and those in Hanoi in particular, and partners from Taiwan.

Mr. Freezer Lin, Chairman of the Taiwan Cold Chain Supply Association, shared that in Taiwan, cold chain logistics services have developed significantly in recent years. Taiwan has made efforts to provide temperature-controlled facilities and transportation means to serve customers in the food and pharmaceutical industries, and the number of logistics companies has also continuously increased.

Thanks to Taiwan's advanced technology and comprehensive cold chain logistics services, product quality and safety are guaranteed. At the same time, this promotes economic development and international trade; efforts are focused on ecological sustainability and carbon emission reduction.

"We firmly believe that in the current global economic environment, the development of cold chain logistics services will play a positive role in promoting economic and trade cooperation between the two sides," emphasized Mr. Freezer Lin.

Within the framework of the event, Mr. Tran Duc Nghia - Chairman of the Hanoi Logistics Association and Mr. Freezer Lin - Chairman of the Taiwan Cold Chain Supply Association, representing the two associations, signed a memorandum of cooperation. This established common interests and outlined programs that both sides will participate in and jointly organize in the future.

Ha Anh

Source: https://doanhnghiepvn.vn/kinh-te/quy-mo-chuoi-cung-ung-lanh-cho-thi-truong-ban-le-viet-nam-len-toi-10-ty-usd-nam/20240805102320953