Page 5 - Cover VNE No57okokok

Summary

40 INVESTMENT – INFRASTRUCTURE

AVIATION MARKET HOPES FOR RECOVERY BY 2023

Similar to elsewhere in the world, aviation has been among the sec-
tors hit hardest by Covid-19 in Vietnam. With vaccination programs
now underway, however, once the pandemic is fully brought under
control then most flights will be re-opened by 2023. According to the
latest report from the Civil Aviation Authority of Vietnam, passenger
numbers in the first half of 2021 were estimated at 26.8 million, down
19.4 per cent year-on-year, while cargo transport totalled 668,000
tons, up 12.7 per cent, thanks to the recovery of global trade. Under
the master plan for the aviation sector to 2030, Vietnam will have 28 42 BUSINESS – CEO
airports, including 15 domestic and 13 international, in which Long
Thanh International Airport will be built and Tho Xuan, Vinh, and E-LOGISTICS BUSINESSES FACE
Chu Lai will be upgraded to international airports.
DIFFICULTIES WITH DIGITAL
44 TRADE TRANSFORMATION

ISSUES FOR SUPPORTING
e-Logistics as 5PL logistics (logistics combined
INDUSTRIES IN ELECTRONICS SECTOR with e-commerce) remains quite new in Viet-
nam. According to data from the Vietnam Lo-
According to a survey by Reed Tradex on businesses related to support- gistics Association (VLA), 50-60 per cent of
ing industries for the electronics sector, 58 per cent of respondents are their member businesses provide from two to
of the opinion that it will take at least another a year to recover from 17 services depending on how big they are and
the pandemic and return to some semblance of normal. Supporting in- what types of services they generally offer. Sev-
dustries for the electronics sector will face quite a few challenges, in- eral large businesses have applied technologi-
cluding falling behind in Industry 4.0, shortages in skilled workers on cal solutions that have boosted efficiency and
appropriate salaries, and limited financial and technological capacity cut costs significantly. Despite these, e-Logis-
to absorb advanced technology from FDI flows. In addition, the heated tics lags far behind its potential in Vietnam.
growth of the electronic industry may lead to higher emissions, leaving Most logistics businesses and express delivery
a negative impact on the future of industry itself. Last but not least, dig- services in the country are of small scale, with
italization will also play an important role in supporting industries for 90 per cent having capital of less than VND10
the electronics sector. billion ($437,425), while most of the remaining
10 per cent have between VND10 billion and
VND20 billion, so it would be difficult for them
48 DIGITAL ECONOMY – STARTUPS to become involved in the supply chain for the
e-Logistics industry.
VIETNAM’S GAME INDUSTRY
RETURNS 50 SOCIETY

VINGROUP’S VINBIOCARE TO PRODUCE
Game publishers in Vietnam have recently returned to
the market, with capital estimated at some $1 billion COVID 19 VACCINES
and around a billion dơnloads. During the 2011-2012
period, local enterprises such as VNG, FPT, and VTC
Game were among the first to export games to devel- Vaccines are one of the most effective weapons in dealing with
oped markets such as Japan, South Korea, and Europe. Covid-19 around the world, especially with the appearance of the
In 2015, the huge success of Flappy Bird - a game de- Delta variant. Demand for vaccines therefore far exceeds supply.
signed by Vietnamese developer Nguyen Ha Dong - Arcturus Therapeutics, a leading clinical-stage mRNA medicines
shocked the global game industry. company from the US focusing on the development of vaccines
for infectious diseases, has agreed to give monopoly status to Vin-
BioCare, a member of Vingroup, in the production of Covid-19
vaccine with the name VBC=COV19-154. This will ensure profits
for investors and provide a boost in medical development.

Số 57 Ngày 9/8/2021 KINH TẾ VIỆT NAM 5