On May 30, Vietnam Post, Vietnam’s national postal service, announced under the government’s “National Postal Development Strategy” that by 2025, all Vietnamese households and businesses will have digital addresses.
The “dramatic change” in the postal and e-commerce market, along with the development of digital technology, is transforming the way of doing business, opening up new opportunities for the development of the postal industry, said Yang Tongbao, a post under the Vietnam Ministry of Information and Communications of the Ministry of Commerce.
The department has developed what it calls a “Vpostcode”, which consists of a set of 12 digits and letters, where the first five characters are the country’s postal code and the last seven characters are the location code on a digital map.
Because postal address codes are determined from coordinates on a digital map and not based on administrative geography, they ensure high precision and stability, Bao said.
higher efficiency
The solution will optimize the movement and delivery of goods from sender to recipient in postal, transportation, logistics and e-commerce businesses to increase productivity, reduce costs and enhance competitiveness.
Digital zip codes also provide users with many useful functions, such as searching, generating, locating and sharing address codes, as well as finding directions, managing location information, and allowing users to update address data information for themselves and the community, he added.
The strategy’s goal is that by 2025, all households in the country have a digital address and all farmers participate in an e-commerce platform developed by the postal company.
Bao said Vietnam’s postal industry has huge resources, with more than 21,600 distribution points covering 63 provinces and cities and a network of nearly 800 enterprises engaged in the industry.
E-commerce brings huge annual growth rate
He pointed out that the new strategy aims to develop the postal industry into “an important part of the country’s infrastructure”, stressing that given the current growth rate, the annual revenue of Vietnam’s postal and express delivery industry is expected to reach US$10 billion by 2030. About 20% to 30% per year.
The high volume of goods traded through online channels has led to “explosive growth in demand for delivery services,” leading to huge potential for the postal industry to transform from simply mailing packages to the backbone of the country’s e-commerce industry, Bai said, adding, Most traditional postal companies are slow to transition and are therefore losing market share to logistics startups and technology.
This has prompted Vietnam’s postal industry to become a digital supply network because “there is no other way,” he said.
On May 30, Vietnam Post, Vietnam’s national postal service, announced under the government’s “National Postal Development Strategy” that by 2025, all Vietnamese households and businesses will have digital addresses. The “dramatic change” in the postal and e-commerce market and Duong Ton Bao of the Postal Division of Vietnam’s Ministry of Information and Communications said that with the development of digital technology, the postal industry is transforming the way of doing business, opening up new opportunities for the development of the postal industry. The department developed the so-called “Vpostcode”, which consists of a set of 12 numbers and letters,…
On May 30, Vietnam Post, Vietnam’s national postal service, announced under the government’s “National Postal Development Strategy” that by 2025, all Vietnamese households and businesses will have digital addresses.
The “dramatic change” in the postal and e-commerce market, along with the development of digital technology, is transforming the way of doing business, opening up new opportunities for the development of the postal industry, said Yang Tongbao, a post under the Vietnam Ministry of Information and Communications of the Ministry of Commerce.
The department has developed what it calls a “Vpostcode”, which consists of a set of 12 digits and letters, where the first five characters are the country’s postal code and the last seven characters are the location code on a digital map.
Because postal address codes are determined from coordinates on a digital map and not based on administrative geography, they ensure high precision and stability, Bao said.
higher efficiency
The solution will optimize the movement and delivery of goods from sender to recipient in postal, transportation, logistics and e-commerce businesses to increase productivity, reduce costs and enhance competitiveness.
Digital zip codes also provide users with many useful functions, such as searching, generating, locating and sharing address codes, as well as finding directions, managing location information, and allowing users to update address data information for themselves and the community, he added.
The strategy’s goal is that by 2025, all households in the country have a digital address and all farmers participate in an e-commerce platform developed by the postal company.
Bao said Vietnam’s postal industry has huge resources, with more than 21,600 distribution points covering 63 provinces and cities and a network of nearly 800 enterprises engaged in the industry.
E-commerce brings huge annual growth rate
He pointed out that the new strategy aims to develop the postal industry into “an important part of the country’s infrastructure”, stressing that given the current growth rate, the annual revenue of Vietnam’s postal and express delivery industry is expected to reach US$10 billion by 2030. About 20% to 30% per year.
The high volume of goods traded through online channels has led to “explosive growth in demand for delivery services,” leading to huge potential for the postal industry to transform from simply mailing packages to the backbone of the country’s e-commerce industry, Bai said, adding, Most traditional postal companies are slow to transition and are therefore losing market share to logistics startups and technology.
This has prompted Vietnam’s postal industry to become a digital supply network because “there is no other way,” he said.
