Viet Nam named among Agility’s top 10 emerging markets logistics

10:17:50 AM | 3/27/2023

Viet Nam moved one place to 10th in the 2023 Emerging Markets Logistics Index compiled by Agility - one of the world’s top freight forwarding and contract logistics providers.

In the Southeast Asia, the nation stood at fourth behind Malaysia, Indonesia and Thailand.

According to details provided by Agility, Viet Nam performed well in terms of international opportunities, duly ranking fourth globally with 6,03 points. The country came in 16th for domestic logistics opportunities, 19th in business fundamentals, and 15th for digital readiness.

The survey and Index are Agility's 14th annual snapshot of industry sentiment and ranking of the world's 50 leading emerging markets.

The Index ranks countries for overall competitiveness based on their logistics strengths, business climates and digital readiness-factors that make them attractive to logistics providers, freight forwarders, air and ocean carriers, distributors and investors.

Developing logistics into a service industry with high-added value

In January this year, Deputy Prime Minister Le Minh Khai signed Resolution No.163/NQ-CP on promoting the synchronous implementation of key tasks and solutions to enhance competitiveness and boost the logistics industry in the country.

Accordingly, logistics services will be developed into an industry with high added value, linking them with the development of goods production, import-export and domestic trade, the development of transportation infrastructure and information technology.

The Government aims to develop the logistics service market, focusing on improving the competitiveness of logistics service enterprises.

It would also focus on making the most of the country's geographical advantages and strengthening connectivity to make Viet Nam an important logistics hub in the region, and developing logistics in association with sustainable supply chains.

Source: VGP