According to Agility's 2022 Emerging Market Logistics Index Report, Vietnam ranks 11th in the ranking of the top 50 countries in the world. Among ASEAN countries, Vietnam is only behind Indonesia and Malaysia, Thailand, and ahead of the Philippines, Myanmar and Cambodia. Vietnam's transport and logistics market is estimated to grow at a compound annual growth rate (CAGR) of 7% from 2021 to 2026. This position is thanks to policies to encourage production and attract investment. investment and the boom of e-commerce in Vietnam.
Among ASEAN countries, Vietnam is only behind Indonesia and Malaysia, Thailand, ahead of the Philippines, Myanmar and Cambodia.
Despite difficulties during the pandemic, the industry still thrived thanks to the effective use of businesses in Free Trade Agreements.
Along with that, the economic growth, domestic production and consumption, the boom of e-commerce has brought real opportunities for the industry.
Vietnam is more deeply involved in logistics
Vietnam's 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 driving forces for Vietnam's shipping to participate more deeply in the global logistics network.
Global Trade website publishes information about a potential deal worth 6 billion USD between the world's largest shipping group MSC/TIL and Ho Chi Minh City to invest in the construction of the largest port project in Vietnam. Can Gio wharf.
The project has a scale of about 7.2 km of wharf, receiving 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.
Reporting on the opening event of a shipping route connecting central Vietnam with India, the Economics Times reported that this shipping route will help shorten the transit time between the two countries from 21-22 days to less than 21 days. 14 - 15 days, thereby opening up great business cooperation opportunities for Vietnamese and Indian businesses.
Besides, Vietnam also has abundant potential to develop the e-commerce logistics market.
The article on the news website Fibre2fashion emphasized, with a digital economy market of more than 50 billion USD, Vietnam can develop an efficient logistics industry by seizing development opportunities. born from e-commerce and adapt to modern technology.
Via: https://vtv.vn/kinh-te/viet-nam-dung-thu-11-trong-top-50-thi-truong-logistics-moi-noi-20220815111521296.htm