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Vietnam entered the top 10 of emerging logistics markets in 2021

Vietnam's logistics market has witnessed strong economic growth over the past 10 years. The scale of GDP increased by 2.4 times, from 116 billion USD in 2010 to 268.4 billion USD in 2020. Besides, the rapid access of consumers to e-commerce platforms has increased demand. logistics service expansion bridge.

Vietnam Logistics Market to 2021

According to the Logistics Market Index report, Vietnam has made a huge leap to No. 8 in this year's global index of emerging logistics markets with an overall score of 5.67 out of 10 by 2021...

 

Accordingly, China remains the leading emerging logistics market in the world, followed by India, while Indonesia is in third place. Qatar and Turkey are behind Vietnam at 9th and 10th. Among ASEAN countries, Indonesia ranked 3rd, Malaysia ranked 5th, Vietnam ranked 8th, Thailand ranked 11th, the Philippines ranked 21st, and Cambodia ranked 41th.

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Based on the survey provided by the Vietnam Logistics Business Association, there are about 30,000 companies providing logistics services nationwide, of which more than 4,000 are foreign-owned.

The industry has grown 12-14% annually and is currently worth $ 40-42 billion.

Vietnam's eighth position in the global logistics market proves that Vietnam has successfully prevented the Covid-19 pandemic. Vietnam effectively positions the market to attract businesses and investors to leave heavily polluted countries such as China and has a respectable investment in some areas such as fashion and electronics. , ...

 

Vietnam has become the most considered destination for investors looking for a destination for the production of goods to divert away from China.

On the other hand, the investment and entry of foreign enterprises into Vietnam may create many challenges such as poor transport infrastructure and high logistics costs are still the factors holding the market. school.