Vietnam is in the top 10 emerging logistics markets.

VTV.vn - This year, Vietnam was evaluated and ranked by international organizations in the top 10 emerging logistics markets.

Illustration photo.

With the attention and close and drastic direction of the Government and the Prime Minister; the active and effective participation of ministries, branches and localities; especially the outstanding efforts of the business community, the Vietnamese logistics service industry has made quite strong progress, increasing by an average of 14 - 16%/year, more than twice the world 's average growth rate.

The scale of Vietnam's logistics service market is about 45 - 50 billion USD, equivalent to 10% of GDP and 5% of import-export turnover, gradually affirming the brand and position of the industry in the region and the world.

Vietnam ranked 43rd out of 139 countries in the Logistics Performance Index (LPI) and is in the Top 5 in ASEAN along with 4 countries Singapore, Malaysia, Thailand and Indonesia.

In Vietnam, logistics costs have been reduced to about 16% of GDP, saving billions of dollars each year for import-export enterprises; the logistics infrastructure system has been invested synchronously, especially the network of seaports, airports, highways, and logistics centers in key economic zones; the logistics business sector is growing stronger with more than 34,000 enterprises, many of which have deeply participated in the global supply chain, applying high technology in operations management; free trade agreements also create a favorable environment for Vietnam's logistics to deeply integrate and expand the international service market on all levels.

Source: https://vtv.vn/viet-nam-thuoc-top-10-thi-truong-logistics-moi-noi-100251201153719986.htm