The Herbers Agency’s Post

TLDR: Vietnam's freight and logistics market is expected to reach USD71.9 billion by 2030, with a CAGR of 6.8%. (Vietnamese version in the comments below) 1️⃣ KEY MARKET SEGMENTS AND PROJECTIONS In terms of transportation modes, pipelines are poised to emerge as the fastest-growing segment, with a projected CAGR of 8.6% from 2024 to 2030. Additionally, the domestic market for Courier, Express, and Parcel (CEP) services holds a substantial share, comprising 62.8% of the value in 2023.  The E-commerce sector, a major driver for domestic CEP growth, was valued at USD11.1 billion as of 2023. Moreover, the manufacturing sector emerges as the largest market segment by value share, constituting 35.4% in 2023. This dominance is reinforced by a steady increase in industrial production, particularly within manufacturing and processing, which saw a notable 3.0% rise. 2️⃣ INFRASTRUCTURE DEVELOPMENT INITIATIVES Infrastructure development plays a pivotal role in shaping Vietnam's logistics landscape. Key initiatives include investments in a high-speed railway network, the construction of strategic bridges like the Cat Lai bridge, and the expansion of crucial expressways such as the My Thuan - Can Tho expressway. Additionally, substantial funds are allocated for airport renovations and expansions, with the aim of establishing Vietnam as a major regional aviation hub. 3️⃣ SECTOR GROWTH AND EXPANSION The cold storage sector is emerging as a burgeoning segment, attracting investment from both local and foreign investors, resulting in a 48% increase in the country's cold storage capacity. This growth is driven by increased trade volumes and the establishment of numerous new businesses, indicating a dynamic and expanding market. Furthermore, the cold chain sector has experienced robust growth over the last three years, reaching USD211.2 million in 2023. This growth is propelled by rising demand for cold storage facilities and transportation services, fueled by the increasing need for seafood exports, raw food imports, and domestic distribution channels. Looking ahead, Vietnam's freight and logistics market is well-positioned for continued growth, driven by a diverse range of factors. The rise of pipelines, a booming e-commerce sector, and a robust manufacturing industry all point towards a thriving future. Links to research in the comments below. #linhthaiofficial #vietnamdynamic #logisticsindustry

Reduce logistics costs, increase economic competitiveness Identified as an important type of service, the logistics industry (transportation, warehousing...) plays a role in supporting, connecting and promoting socio-economic development. Along with improving infrastructure and encouraging and supporting policies of the State, Vietnam's logistics industry has made many great strides, recognized internationally. However, logistics costs in our country are still high and need to continue to be optimized to increase the competitiveness of the economy. Continuously growing at high double-digit levels Developing logistics services not only brings added value and enhances the competitiveness of the economy, but is also associated with commodity production, import and export trade, transportation infrastructure, and information technology. news... According to Deputy Minister of Planning and Investment Tran Duy Dong, in recent years, Vietnam has actively improved mechanisms, policies and logistics infrastructure. Thanks to this, the capacity and ranking of Vietnam's logistics industry are improving. According to the World Bank's ranking, Vietnam currently ranks 64/160 countries in terms of logistics development and ranks 4th in the ASEAN region. The annual growth rate of Vietnam's logistics industry reaches 14-16%, with a scale of 40-42 billion USD/year.

TALKING NUMBERS ABOUT VIETNAM LOGISTICS —----------------- 1, Red Ocean Market called Viet nam Logistics Vietnam currently has more than 30,000 enterprises registered to operate in the logistics sector, accounting for 89% of domestic enterprises, 10% of joint venture enterprises and 1% of 100% foreign-owned enterprises providing cross-border logistics services,... However, Vietnamese enterprises only account for 30% of the market share, the remaining “cake” of the domestic logistics market is reserved for foreign enterprises. 2, Great potential but still a playground for foreign giants By the end of 2023, the supply scale of Vietnam's modern logistics industry will reach nearly 3.9 million square meters of floor space. However, foreign investors are the "players" dominating the modern warehouse market in Vietnam, accounting for over 75% of the market share of warehouse and factory floor space for rent in 2023. 3, Difficult bottlenecks for Vietnam's road transport According to statistics, road transport accounts for 85% of the total volume of goods, becoming an important channel, contributing to the development of the national economy. However, traffic congestion on major routes during rush hour prolongs the time of transporting goods, consumes fuel, increases logistics costs and is a "bottleneck" hindering the development of the industry. 4, Strongly reaching out to the world According to statistics from the United Nations Organization for Trade Development, in 2023, the fleet of ships flying the Vietnamese flag will rank 3rd in ASEAN and 22nd in the world. Accordingly, the World Bank announced the Container Performance Index (CPPI), in which Cai Mep International Container Port ranked 12th out of 348 container ports in the world. 5, Recovering strongly after the "storm" of COVID 19 Recent reports show that more than 80% of import and export goods via air in Vietnam are carried out by foreign airlines. Mainly, these goods are served by international Cargo airlines such as UPS, FedEx, DHL,... Domestic enterprises are still quite "out of breath" in this playground. —--------------------- 𝑽𝑰𝑬𝑻𝑵𝑨𝑴 𝑷𝑶𝑺𝑻 𝑳𝑶𝑮𝑰𝑺𝑻𝑰𝑪𝑺 📞: +(84) 24 3685 5333 🏢: Số 5 Phạm Hùng, Mỹ Đình 2, Hà Nội, Việt Nam 📧: ga.logistics@vnpost.vn #VNPost #VietnamPostLogistics #logistics #VNPostLogistics

⛴🚂THE IMPORTANT ROLE OF LOGISTICS IN VIETNAM'S ECONOMIC DEVELOPMENT🚂⛴ #logistics is an indispensable part of the process of distributing goods from the place of production to consumers, acting as a bridge for global trade. Today, logistics activities do not stop at warehousing and transportation but also include complex tasks such as planning, arranging the flow of raw materials from suppliers to manufacturers, then transferring goods from production to final consumers. This process requires optimization to reduce transportation and storage costs. 💥 #logistics service is also a commercial activity, in which traders perform many tasks such as receiving goods, transporting, storing, customs clearance, customer consulting, packaging, and many other related services for remuneration. Good logistics implementation not only ensures better service and lower costs but also brings high efficiency to businesses and the economy. 🔥🔥Current Situation and Challenges of Vietnam's Logistics Industry With a market size of 20-22 billion USD/year, accounting for 20.9% of GDP, the logistics service industry is playing an important role in the integration and economic development process in Vietnam. Currently, the country has about 1,200 enterprises providing logistics services, mainly concentrated in Ho Chi Minh City and Hanoi with more than 1.5 million employees. However, except for state-owned enterprises that are being equitized, most of these enterprises are small and medium-sized, with an average charter capital of 4-6 billion VND, and human resources only meeting about 40% of the industry's needs. The rate of human resources trained in logistics is very low, only 5-7%. 🌟🌟Opportunities and Solutions for Logistics Industry Development Despite facing many challenges such as poor infrastructure, high logistics costs, and a shortage of quality human resources, Vietnam's logistics industry still has great opportunities. International integration and opening of the logistics market according to the WTO commitment roadmap from January 11, 2014 have opened up many development opportunities. Vietnamese logistics enterprises need to take advantage of local advantages, strengthen cooperation and linkages, invest in technology and human resource training to improve competitiveness. >Send goods to China by post: https://lnkd.in/gGgwt2dM >Cheap express delivery to China: https://lnkd.in/gD_xf7xs >Process of transporting goods from China to Vietnam: https://lnkd.in/g3mx4XUv >Safe and economical express delivery to China: https://lnkd.in/dDHv6NGy CONTACT INFORMATION: ☎ Hotline: 0842001900 – 0908.315.806 📍 Office: 51B Hong Ha, Ward 2, Tan Binh District, Ho Chi Minh City 📫 Email: booking@vietaircargo.asia 🌐 Website: www.vietaircargo.asia

⛴🚂THE IMPORTANT ROLE OF LOGISTICS IN VIETNAM'S ECONOMIC DEVELOPMENT🚂⛴ #logistics is an indispensable part of the process of distributing goods from the place of production to consumers, acting as a bridge for global trade. Today, logistics activities do not stop at warehousing and transportation but also include complex tasks such as planning, arranging the flow of raw materials from suppliers to manufacturers, then transferring goods from production to final consumers. This process requires optimization to reduce transportation and storage costs. 💥 #logistics service is also a commercial activity, in which traders perform many tasks such as receiving goods, transporting, storing, customs clearance, customer consulting, packaging, and many other related services for remuneration. Good logistics implementation not only ensures better service and lower costs but also brings high efficiency to businesses and the economy. 🔥🔥Current Situation and Challenges of Vietnam's Logistics Industry With a market size of 20-22 billion USD/year, accounting for 20.9% of GDP, the logistics service industry is playing an important role in the integration and economic development process in Vietnam. Currently, the country has about 1,200 enterprises providing logistics services, mainly concentrated in Ho Chi Minh City and Hanoi with more than 1.5 million employees. However, except for state-owned enterprises that are being equitized, most of these enterprises are small and medium-sized, with an average charter capital of 4-6 billion VND, and human resources only meeting about 40% of the industry's needs. The rate of human resources trained in logistics is very low, only 5-7%. 🌟🌟Opportunities and Solutions for Logistics Industry Development Despite facing many challenges such as poor infrastructure, high logistics costs, and a shortage of quality human resources, Vietnam's logistics industry still has great opportunities. International integration and opening of the logistics market according to the WTO commitment roadmap from January 11, 2014 have opened up many development opportunities. Vietnamese logistics enterprises need to take advantage of local advantages, strengthen cooperation and linkages, invest in technology and human resource training to improve competitiveness. >Send goods to China by post: https://lnkd.in/gGgwt2dM >Cheap express delivery to China: https://lnkd.in/gD_xf7xs >Process of transporting goods from China to Vietnam: https://lnkd.in/g3mx4XUv >Safe and economical express delivery to China: https://lnkd.in/dDHv6NGy CONTACT INFORMATION: ☎ Hotline: 0842001900 – 0908.315.806 📍 Office: 51B Hong Ha, Ward 2, Tan Binh District, Ho Chi Minh City 📫 Email: booking@vietaircargo.asia 🌐 Website: www.vietaircargo.asia

⛴🚂THE IMPORTANT ROLE OF LOGISTICS IN VIETNAM'S ECONOMIC DEVELOPMENT🚂⛴ #logistics is an indispensable part of the process of distributing goods from the place of production to consumers, acting as a bridge for global trade. Today, logistics activities do not stop at warehousing and transportation but also include complex tasks such as planning, arranging the flow of raw materials from suppliers to manufacturers, then transferring goods from production to final consumers. This process requires optimization to reduce transportation and storage costs. 💥 #logistics service is also a commercial activity, in which traders perform many tasks such as receiving goods, transporting, storing, customs clearance, customer consulting, packaging, and many other related services for remuneration. Good logistics implementation not only ensures better service and lower costs but also brings high efficiency to businesses and the economy. 🔥🔥Current Situation and Challenges of Vietnam's Logistics Industry With a market size of 20-22 billion USD/year, accounting for 20.9% of GDP, the logistics service industry is playing an important role in the integration and economic development process in Vietnam. Currently, the country has about 1,200 enterprises providing logistics services, mainly concentrated in Ho Chi Minh City and Hanoi with more than 1.5 million employees. However, except for state-owned enterprises that are being equitized, most of these enterprises are small and medium-sized, with an average charter capital of 4-6 billion VND, and human resources only meeting about 40% of the industry's needs. The rate of human resources trained in logistics is very low, only 5-7%. 🌟🌟Opportunities and Solutions for Logistics Industry Development Despite facing many challenges such as poor infrastructure, high logistics costs, and a shortage of quality human resources, Vietnam's logistics industry still has great opportunities. International integration and opening of the logistics market according to the WTO commitment roadmap from January 11, 2014 have opened up many development opportunities. Vietnamese logistics enterprises need to take advantage of local advantages, strengthen cooperation and linkages, invest in technology and human resource training to improve competitiveness. >Send goods to China by post: https://lnkd.in/gGgwt2dM >Cheap express delivery to China: https://lnkd.in/gD_xf7xs >Process of transporting goods from China to Vietnam: https://lnkd.in/g3mx4XUv >Safe and economical express delivery to China: https://lnkd.in/dDHv6NGy CONTACT INFORMATION: ☎ Hotline: 0842001900 – 0908.315.806 📍 Office: 51B Hong Ha, Ward 2, Tan Binh District, Ho Chi Minh City 📫 Email: booking@vietaircargo.asia 🌐 Website: www.vietaircargo.asia

Viettel Post's expansion of logistics investment in China will help the trade of goods between Vietnam and China; as well as the ASEAN region to develop strongly, reducing many unnecessary logistics costs; creating an important premise to promote the economic development of Vietnam as well as ASEAN countries. Overview of Viettel Post's expansion of logistics investment in China March 2024: Viettel Post signed an agreement with Pingxiang City, Guangxi Province, China; to cooperate in establishing a representative office, and building a China-ASEAN agricultural commodity trading center for cross-border trade between Vietnam and China. These steps were taken after efforts to implement a logistics infrastructure planning strategy; including a logistics center, bonded warehouses, and dry ports to connect raw material areas, agricultural and aquatic areas with traffic hubs such as railways, seaports, airports, and border gates; to reduce time and costs in the circulation of goods. From March 5 to 7: Viettel Post has worked closely with municipal governments and enterprises in the capital Nanning and Pingxiang of Guangxi to reach formal agreements. In Nanning; Viettel Post cooperated with municipal governments in an effort to become a leading cross-border logistics infrastructure builder as the first Vietnamese logistics company to cooperate with local governments in China; to enhance cross-border transport infrastructure, aiming to optimize. logistics costs, reduce transportation time, enhance the competitiveness of Vietnamese goods; and enhance Vietnam's logistics position in connecting ASEAN countries and China. In Pingxiang; Viettel Post reached agreements with enterprises on three main points: Firstly; the two sides will effectively exploit multimodal transport between roads and railways via the route from Yen Vien commune, Hanoi to Dong Dang commune, Lang Son - Pingxiang - Nanning. Secondly; The parties will establish a China-ASEAN agricultural commodity trading center. Thirdly, the parties will exchange knowledge, design and technology to jointly promote the implementation of smart border gates. The completion of Viettel Post's cross-border transport infrastructure will enhance the competitiveness of Vietnamese goods; contribute to solving the problem of congestion and damage at international border gates; and enhance Vietnam's logistics position in connecting ASEAN countries and China. >Send goods to China by post: https:// lnkd.in/gGgwt2dM >Cheap express delivery service to China: https://lnkd .in/gD_xf7xs >Process of transporting goods from China to Vietnam: https://lnkd.in /g3mx4XUv >Safe and economical express delivery service to China: https://lnkd.in/dDHv6NGy CONTACT INFORMATION: ☎ Hotline: 0842001900 – 0908.315.806 📍 Office: 51B Hong Ha, Ward 2, Tan Binh District, Ho Chi Minh City 📫 Email: booking@vietaircargo.asia 🌐 Website: www.vietaircargo.asia

Bangladesh Rolls Out Debut Logistics Policy Bangladesh has introduced its inaugural logistics policy, aiming for sustainable economic growth by enhancing trade and investment capabilities through a modern, efficient, and eco-friendly logistics system. Published in the gazette by the Prime Minister’s Office on April 28, the policy targets reducing delays and costs across logistics services, fostering efficiency from production to distribution, based on global standards. To oversee implementation, two key committees will be established: the National Council for Logistics Development (NCLD) and the National Logistics Development and Coordination Committee (NLDCC). The NCLD, led by the Prime Minister, will guide policy implementation and amendments, while the NLDCC, headed by the principal secretary, will monitor progress. Recognising existing challenges such as high logistics costs, the policy outlines strategic reforms to boost export earnings by 19 per cent even as it emphasised multi-dimensional transport systems to streamline domestic cargo movement, aiming to reduce road transport from 77 per cent to 60 per cent, while enhancing waterway and railway transport. Action plans within the policy span infrastructure development, connectivity enhancement, and streamlining trade procedures. It proposes connecting airports, seaports, economic zones, and industrial areas via highways and railways. Additionally, it advocates for modernising seaport equipment, establishing more inland container depots, and rationalising port charges. The policy underscores private sector involvement through public-private partnerships, aiming to address obstacles hindering efficient logistics operations. According to reports, while stakeholders commended the policy’s arrival, some expressed regret over its delayed implementation.

⛴🚂THE IMPORTANT ROLE OF LOGISTICS IN VIETNAM'S ECONOMIC DEVELOPMENT🚂⛴ #logistics is an indispensable part of the process of distributing goods from the place of production to consumers, acting as a bridge for global trade. Today, logistics activities do not stop at warehousing and transportation but also include complex tasks such as planning, arranging the flow of raw materials from suppliers to manufacturers, then transferring goods from production to final consumers. This process requires optimization to reduce transportation and storage costs. 💥 #logistics service is also a commercial activity, in which traders perform many tasks such as receiving goods, transporting, storing, customs clearance, customer consulting, packaging, and many other related services for remuneration. Good logistics implementation not only ensures better service and lower costs but also brings high efficiency to businesses and the economy. 🔥🔥Current Situation and Challenges of Vietnam's Logistics Industry With a market size of 20-22 billion USD/year, accounting for 20.9% of GDP, the logistics service industry is playing an important role in the integration and economic development process in Vietnam. Currently, the country has about 1,200 enterprises providing logistics services, mainly concentrated in Ho Chi Minh City and Hanoi with more than 1.5 million employees. However, except for state-owned enterprises that are being equitized, most of these enterprises are small and medium-sized, with an average charter capital of 4-6 billion VND, and human resources that only meet about 40% of the industry's needs. The proportion of human resources trained in logistics is very low, only 5-7%. 🌟🌟Opportunities and Solutions for Logistics Industry Development Despite facing many challenges such as poor infrastructure, high logistics costs, and a shortage of quality human resources, Vietnam's logistics industry still has great opportunities. International integration and opening of the logistics market according to the WTO commitment roadmap from January 11, 2014 have opened up many development opportunities. Vietnamese logistics enterprises need to take advantage of local advantages, strengthen cooperation and linkages, invest in technology and human resource training to improve competitiveness. >Send goods to China by post: https://lnkd.in/gGgwt2dM >Cheap express delivery to China: https://lnkd.in/gD_xf7xs >Process of shipping goods from China to Vietnam: https://lnkd.in/g3mx4XUv >Safe and economical express delivery to China: https://lnkd.in/dDHv6NGy