Overview of the logistics market in the first 8 months of 2022
According to VIRAC‘s report, the size of Vietnam’s logistics market grows by 14-16%/year, while logistics costs/GDP decrease. The bright spots in Vietnam’s logistics market in the first 8 months of 2022 must include:
– Vietnam’s forwarding service market is generally vibrant thanks to the continued development of e-commerce.
– Freight growth returns when the impact of the Covid-19 epidemic on the economy is gradually reversed.
– Warehousing business still has a lot of potential for expansion in the Vietnamese market.
– International visitors to Vietnam increased sharply in the first 8 months of 2022.
The value chain of Vietnam’s logistics industry includes 4 main service groups: forwarding, transportation, ports and warehousing. Specifically:
The above Logistics industry infographic includes updated news and information compiled from: “Logistics industry report for the third quarter of 2022“. The full report focuses on analysing the latest developments and trends in the market; transportation, seaport, forwarding, delivery and warehousing services. In addition, information on the movement of businesses in general and logistics services in particular is also updated. In addition, the full report also provides a number of forecasts and recommendations for businesses in the process of participating in domestic and international goods supply chains.