Vietnam ranks 11th in the top 50 emerging logistics markets, according to a ranking recently published by transportation and logistics service providers.
Of the ASEAN countries, Vietnam is only behind Indonesia and Malaysia, Thailand ahead of the Philippines, Myanmar and Cambodia.
Despite difficulties during the pandemic, the industry continued to thrive thanks to the effective use of companies in free trade agreements.
Along with that, economic growth, domestic production and consumption, the boom of e-commerce has brought real opportunities to the industry.
Vietnam is more involved in logistics
The Vietnamese logistics sector also attracted the attention of international news sites last week. The strong recovery of the economy and vibrant import and export activities are the main drivers for Vietnamese shipping to participate more deeply in the global logistics network.
Global Trade website publishes information about a potential USD 6 billion deal between the world’s largest shipping group MSC/TIL and Ho Chi Minh City to invest in the construction of Vietnam’s largest port project at the Can Gio wharf.
The project has a size of approximately 7.2 km of quay and will receive the world’s largest container ship, currently 24,000 Teus, with a throughput capacity of 10-15 million Teus.
The increased demand for trade between Vietnam and other countries around the world is also a factor promoting the formation of new shipping routes.
The Economic Times reported on the opening event of a shipping route connecting central Vietnam to India, and reported that this shipping route will help reduce the transit time between the two countries from 21-22 days to 14-15 days, opening up great business opportunities. for Vietnamese and Indian companies.
Besides, Vietnam also has abundant potential to develop the e-commerce logistics market.
The article on the news website Fibre2fashion emphasized that with a digital economy market of more than USD 50 billion, Vietnam can develop an efficient logistics sector by exploiting development opportunities. born of e-commerce and adapting to modern technology.
@ cafefu
