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    Vietnam’s increasing commodities emit sales to generate logistics demand

    According to the Ministry of Industry and Trade (MoIT), Vietnam’s commodity import and export sales will continue to grow in 2022, creating demand for logistics services. Its total import and export sales are expected to reach record levels of over $ 660 billion in 2021. In 2021, many logistics companies grew on revenue and profits, mostly double-digit growth, MoIT data showed.

    More than 4,000 logistics companies operate international logistics services in Vietnam, increasingly with more digital transformation applications and improved business processes, especially serving the European, American and Chinese markets. It has been improved.

    According to MoIT’s Vietnam Logistics Report 2021, in the first nine months of 2021, the number of newly registered transportation and warehousing companies increased by 4.61% and capital increased by 43% in the same period of 2020.

    Vietnam’s commodity import and export sales will continue to grow in 2022, creating demand for logistics services, the Ministry of Industry and Trade said. Its total import and export sales are expected to reach record levels of over $ 660 billion in 2021. In 2021, many logistics companies increased their bottom line and profits, most of which achieved double-digit growth.

    The volume of goods transported by road and waterway during the first 10 months of 2021 has improved significantly compared to the same period in 2020.

    The total ton number of vessels surged 22% over the same period. The economic situation in Vietnam’s major export markets has also recovered.

    Vietnam’s Logistics Efficiency Index is currently ranked 39 out of 160, up 25th from 2016, the third of the ASEAN countries. However, logistics costs in Vietnam were still much higher than in the world.

    Vietnam’s daily newspaper reports that high logistics costs will boost data import and export costs in 2020, losing a competitive advantage over other Asian countries such as China, Thailand, the Philippines and Indonesia. ..

    Fiber2Fashion News Desk (DS)

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    Vietnam’s increasing commodities emit sales to generate logistics demand

    Source link Vietnam’s increasing commodities emit sales to generate logistics demand

    The post Vietnam’s increasing commodities emit sales to generate logistics demand appeared first on Eminetra.

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