ITL launches one-stop logistics platform VELA

Vietnam's logistics sector is grappling with significant challenges as global economic shifts, prompted by the COVID-19 pandemic, have disrupted supply chains, leading to shortages and soaring transportation costs. These disruptions underscore the urgent need for digital transformation to reduce costs and optimize logistics processes. However, less than 10% of Vietnam’s 4,000 logistics businesses have embraced digitalization, according to the General Statistics Office. This slow pace of digital adoption is causing increased logistics costs, limiting service capacity, and particularly impacting small and medium-sized enterprises (SMEs), which make up over 97% of the country's business landscape.

By 2025, Vietnam is expected to have around 1.5 million enterprises, mostly SMEs. These businesses are already burdened by high logistics costs and face additional challenges such as fragmented data flows, complex operations, and limited access to comprehensive logistics solutions. Addressing these challenges, ITL Corporation began developing VELA in 2022, aiming to become a leading 4PL+ provider in Vietnam’s logistics industry. VELA offers an integrated logistics solution that combines services like customs clearance, warehousing, international freight, and domestic transportation on a single platform, significantly simplifying operations for businesses.

Officially introduced at the Vietnam International Logistics Exhibition 2024 (VILOG 2024), organized by the Ministry of Industry and Trade, VELA promises to enhance efficiency and reduce operational risks for customers. The platform allows businesses to manage their logistics needs seamlessly, with features like accurate quotes, electronic contracts, quick bookings, and real-time order tracking. A smart dashboard helps customers monitor and optimize their operations, providing a comprehensive overview of supply chain management costs and boosting competitiveness. Additionally, VELA integrates with SMEs' existing systems, further streamlining operations and reducing logistics costs.

VELA provides a reliable and high-value integrated logistics service.

For logistics partners, VELA offers tools to increase output and revenue by tapping into the growing demand from the SME market. The platform provides easy-to-use tools for updating capacity, service prices, and data management, ensuring fast and transparent operations. VELA’s integration with 3PL partners' systems, as well as e-payment and e-invoice systems, enhances the speed and accuracy of information transmission across the supply chain, fostering a win-win, trust-based cooperation. This integration is key to the platform’s ability to provide reliable and high-value logistics services while supporting a strong 4PL+ alliance under the Vietnam Excellence Logistics Alliance.

Since its launch, VELA has garnered positive feedback from customers and partners for its outstanding technology, which optimizes operational processes on a single platform, resulting in cost savings and increased efficiency. As Vietnam’s logistics sector continues to navigate post-pandemic challenges, VELA stands out as a pivotal tool in accelerating the digital transformation of logistics businesses, particularly SMEs, offering them flexible and optimal solutions to enhance their competitive edge in the market.