NEWS 1
GREAT OPPORTUNITY FOR LOGISTICS BUSINESSES TO FIND ORDERS, BUSINESS RECOVERY
In 2023, the world economy showed signs of recovery after the Covid-19 pandemic, but the recovery rate was still slow. Weak demand, rising costs drag back production, business, investment and trade activities. U.S. policies also have a strong impact on the change in monetary and financial policies of major economies in the world. All of the above factors have influenced the development of Vietnam's Logistics service industry. However, Vietnam's logistics service industry is still in the middle of a stable growth rate with the LPI index ranked 43rd, in the top 5 countries in ASEAN.
Figure: Vietnam's Logistics market is ranked 10th in the group of 50 global emerging logistics markets.
In 2024, it is forecasted that the world economy will recover even though the pace is still slow. However, the scale of Vietnam's imports and exports is increasing again, this is an opportunity for Logistics service enterprises to find orders and restore business. Along with that, the trend of investment movement creates a new impetus for industrial production, creating more supply of goods for Logistics services. Ho Chi Minh City is said to have the highest logistics competitiveness in the country because it has a lot of businesses in this field.
Source: Quynh Nga
https://www.google.com/url?q=https://www.google.com/url?q%3Dhttps://congthuong.vn/co-hoi-lon-de-doanh-nghiep-logistics-tim-lai-don-hang-phuc-hoi-kinh-doanh-295344-295344.html%26amp;sa%3DD%26amp;source%3Deditors%26amp;ust%3D1705288155039733%26amp;usg%3DAOvVaw20DjlA-sEeinKQ0n8BHG0b&sa=D&source=docs&ust=1705288155045131&usg=AOvVaw19_p78aI-NUlJSihGMta9Z
NEWS 2
EXPORTING HARDWARES, ELECTRONICS IN 2023 HAS DECLINED 5% AFTER YEARS OF GROWTH.
According to the Ministry of Information and Communication’s statistical report, in 2023, revenue in the industrial sector ICT is estimated to reach 3.397.492 billion dong, an increase of 1.4% compared to 2022.
Illustrative imagine
Although hardwares, electronics still dominate in the ICT picture with an estimated export turnover of $127 billion but this number is down 4.9% compared to 2022. Expected next year, the export turnover of hardware and electronics will recover, regaining growth ( the target is to reach $135 billion in 2024 and $145 billion in 2025).
Since the past year, the Ministry has supported market development for Vietnamese information technology enterprises, built an ICT Made In Vietnam industrial database, connected Vietnamese enterprises with international enterprises, connected information technology products and services to other fields and established 2 centralized information technology parks.
Source: Nhĩ Anh
https://vneconomy.vn/xuat-khau-phan-cung-dien-tu-nam-2023-giam-gan-5-sau-nhieu-nam-tang.htm?fbclid=IwAR25KCmyDuswyTAUNlb0M6d1gORCw_3I5kitzX_m06VQxTIodWYGwvWzhRM.