• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A fleet of electric trucks and hydrogen-powered vehicles parked at a logistics hub, showcasing eco-friendly transportation modes for sustainable supply chains.

Green Transformation of Logistics Hindered by Lack of Capital, Experts Say

10/16/2024
U.S. Tariff Threats Raise Concerns for Bangladesh’s Garment Industry

U.S. Tariff Threats Raise Concerns for Bangladesh’s Garment Industry

05/06/2025
Ford Expects $1.5bn Profit Impact Due to Trump Tariffs

Ford Expects $1.5bn Profit Impact Due to Trump Tariffs

05/06/2025
Mattel Accelerates Shift Away from China as Tariffs Impact Toy Industry

Mattel Accelerates Shift Away from China as Tariffs Impact Toy Industry

05/06/2025
U.S. Tariff Adjustments Influence Global Trade Dynamics

U.S. Tariff Adjustments Influence Global Trade Dynamics

05/05/2025
Trump Says He Will Call CEOs Over Business Decisions He Disagrees With

Trump Says He Will Call CEOs Over Business Decisions He Disagrees With

05/05/2025
Fed Maintains Caution Amid Tariff Uncertainty

Fed Maintains Caution Amid Tariff Uncertainty

05/05/2025
US Solar Tariffs Could Boost Southeast Asia’s Energy Shift

US Solar Tariffs Could Boost Southeast Asia’s Energy Shift

05/05/2025
Trump Proposes 100% Tariff on Foreign Films

Trump Proposes 100% Tariff on Foreign Films

05/05/2025
EU Reassesses Trade Strategy Amid US Tariff Threats and Chinese Overtures

EU Reassesses Trade Strategy Amid US Tariff Threats and Chinese Overtures

05/05/2025
Philippine officials report productive tariff talks with United States

Philippine officials report productive tariff talks with United States

05/05/2025
Australian Prime Minister Discusses Tariffs and AUKUS with Former President Trump After Re-Election

Australian Prime Minister Discusses Tariffs and AUKUS with Former President Trump After Re-Election

05/05/2025
Vietnam Maintains Growth Target Amid U.S. Tariff Challenges

Vietnam Maintains Growth Target Amid U.S. Tariff Challenges

05/05/2025
supplychainreport
Saturday, May 10, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Green Transformation of Logistics Hindered by Lack of Capital, Experts Say

by Giezel Garcia
10/16/2024
in Sustainable Logistics

HCM CITY — Experts gathered at a conference in HCM City this week to discuss the importance of green logistics for sustainable development and the challenges facing businesses in transitioning to greener practices. The event, held on Tuesday, focused on the need for logistics companies to reduce emissions as part of the global push for net-zero emissions by 2050.

Nguyễn Việt Dũng, director of the Centre for Natural Resources and Environment Communication under the Ministry of Natural Resources and Environment, emphasized that green logistics involves sustainable practices in transportation, storage, inventory management, and packaging to reduce environmental impacts. He highlighted the increasing demand from various countries for businesses to report their emissions and adopt greener supply chain practices.

YOU MAY ALSO LIKE

JASPAL GROUP Enhances Logistics with Electric Trucks and Waste Reduction Initiatives

BDO to Finance Mober’s Expansion into Green Logistics

Trần Văn Toản, country head of Kosher Climate India in Vietnam, noted that with Vietnam’s growing integration into the global economy, local companies must meet international green supply chain standards to remain competitive. He pointed out the recent implementation of the European Union Emissions Trading System, which now covers emissions from ships with a gross tonnage of 5,000 and above. Additionally, the International Maritime Organisation’s 2023 Greenhouse Gas Strategy aims to reduce international shipping emissions by 40% by 2030 compared to 2008 levels.

Lương Quang Huy, head of the greenhouse gas reduction division at the Ministry of Natural Resources and Environment, explained that domestic traffic in Vietnam accounts for nearly 50% of greenhouse gas emissions in logistics. He stressed that transforming transportation to greener alternatives will play a crucial role in achieving green logistics goals. However, the transition faces obstacles, including a lack of viable public transportation options and the significant investment required for businesses to switch to green vehicles.

Vietnam currently has over 40,000 logistics businesses, the highest number in ASEAN, but they are often fragmented and not well-connected, particularly in road transportation. This lack of integration makes it more difficult to implement coordinated green logistics strategies that meet international standards.

Bùi Văn Quỳ, deputy director of Saigon New Port Corporation, shared that the company is making efforts to reduce its environmental impact by transitioning to electric and solar-powered loading, unloading, and transshipment vehicles. While progress is being made in seaports, he emphasized that a comprehensive, industry-wide approach is needed to “green” the entire logistics ecosystem, from production to transportation and end consumers.

The high investment costs for new technologies and the challenge of training workers to operate them are significant barriers to green transformation. Bùi noted that industry leaders must recognize the urgency of adopting green practices as a matter of survival and long-term competitiveness.

Đặng Đình Long, director of logistics companies Mega A Trading Investment JSC, pointed out that Vietnam’s free trade agreements have opened up new export markets and spurred growth in the logistics sector. However, he emphasized that many businesses are struggling with the lack of green capital and skilled workers needed for the transition.

To support green logistics, experts called for the establishment of specific government policies, green financing options, and a set of green criteria tailored to each industry. Such measures would help businesses meet sustainability goals and ensure their continued participation in the global supply chain.

Discover supply chain news insights on The Supply Chain Report. Enhance your international trade knowledge at ADAMftd.com with free tools.

#GreenLogisticsChallenges #CapitalForSustainability #LogisticsTransformation #SustainableSupplyChains #EcoFriendlyLogistics

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.