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VnExpress provides latest Vietnam news, regional, business, financial, industries, travel news and views to policy makers, professionals, tourists, expats and sports in Vietnam. VnExpress International is a leading source for politics, economic, finance, travel & food from Vietnam and ASEAN.
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Vietnam has jumped three spots to eighth in this year’s global index of emerging Logistics markets after emerging as a popular manufacturing hub. The country had an overall score of 5.67 out of 10 in the 2021 Emerging Markets Logistics Index released by leading Logistics company Agility.
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Vietnam’s logistics industry is expected to thrive this year despite the global economic volatility, but sustainable long-term growth needs infrastructure development, analysts said.
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Logistics companies are expanding in Vietnam as they eye profits from growing demand for transportation amid a boom in trade. U.S. company SEKO Logistics, which opened its Vietnam office Wednesday, has over 300,000 square meters of warehousing space, 350 container tractors and 150 trucks.