LibreOffice Draw inherits many of the features of the word processing module of LibreOffice, to the extent that you could use it for some basic DTP work. Importantly, the features are not only present, but they are easy to use. Working with large sections of text is a breeze. Additionally, drawings that you produce in the Draw module can be utilised in the other LibreOffice modules. There are also quick facilities to produce 3D text.
Inkscape takes a different approach. Manipulating text in minute detail is possible because text can be reduced to a path, meaning that Inkscape’s extensive drawing facilities can be brought to bear on it. You can also map text to a path, such as a circle, while keeping it fully editable. It’s ideal for working on text objects that are part of a logo design. However, confining large amounts of text to a frame and formatting it is a fiddly affair compared to LibreOffice Draw.