Deputy Minister of Industry and Trade Tran Quoc Khanh pointed out a series of favorable factors for the high growth of Vietnam's logistics industry at the Vietnam Logistics Forum 2021.
According to the Ministry of Industry and Trade, up to now, Vietnam has attracted 33,000 FDI projects from 140 countries and territories with a total registered capital of nearly 100 billion USD. Many leading economic groups in the world have chosen Vietnam as a destination. Besides, Vietnam has also signed 15 free trade agreements (FTAs), including the new generation FTAs CPTPP, EVFTA, UKVFTA. , with high integration commitments in both traditional and non-traditional fields, has promoted strong growth in import and export.
"The growth of domestic enterprises, the presence of FDI enterprises and the system of FTAs have helped Vietnam's international trade activities have a very strong development, import and export continuously increased, the market The export market has been expanded," emphasized Mr. Khanh.
The total import-export turnover from 2010 to now has increased by 3.6 times, GDP by 2.4 times, from 157 billion USD in 2010 to 544 billion USD in 2020, of which exports increase on average 4 times. 5%/year, becoming a very important driving force in the country's economic growth engine.
In the past 2 years, the epidemic had a strong impact on the economy, facing unprecedented difficulties, import and export still had positive double-digit growth. Specifically, after 11 months, the total import-export turnover of goods reached 600 billion USD, up 22.3% over the same period, of which exports were nearly 300 billion USD, up 17.5%.
Deputy Minister Khanh said that the import and export results exceeded 600 billion USD with the active contribution of Vietnam's logistics industry as a supporting factor in transshipment of goods. Logistics enterprises have made efforts to ensure the normal operation of Vietnam's supply chains, in the most difficult times, helping to transship large volumes of import and export goods.
In the short term, Vietnam's economy still faces epidemic risks, but growth prospects are still quite positive.
"There are many favorable factors that can create momentum for the development of logistics," said Deputy Minister Tran Quoc Khanh. Firstly, the world economy and Vietnam will have a strong recovery, supported by effective and growth stimulating policies from broad-based vaccination policies. Many countries around the world have begun to resume production and circulation of goods from the third quarter of 2021, creating a great source of demand for logistics services.
Domestically, measures to transform the anti-epidemic model and reopen the economy will help the economy recover and grow better in the fourth quarter as well as in 2022.
Vietnam is still continuing to integrate deeply with the world economy, has many new generation FTAs, and import-export growth continues to be high, thanks to 15 signed FTAs, of which RCEP will go. come into effect from the beginning of next year. The countries participating in the RCEP agreement will create a free trade bloc that accounts for 30% of the population and 30% of global GDP.
In addition, Vietnam is also in the TOP of countries with the highest e-commerce development rate in Southeast Asia. In 2020, Vietnam e-commerce in 2020 will increase by 16% and reach a scale of over 14 billion USD. USD, is expected to grow at an average of 29% over the next 5 years. By 2025, the domestic market size will reach 52 billion USD.
Accordingly, goods of e-commerce are required to be delivered to consumers by express delivery. This is a dream land for logistics businesses to increase investment in improving service quality, taking advantage of growth opportunities.
Analyzing more growth opportunities of the logistics industry, Mr. Khanh said, RCEP put into practice since the beginning of the year, in the short term may not bring tangible results, but in the medium term, it will definitely create an area. A large free trade area will create a new supply chain in the region and this will be a new source of demand and a new driving force for the development of Vietnam's logistics service industry.
Along with the high growth rate of GDP, import and export, Vietnam's logistics industry has a high growth rate of 12-14%/year, the proportion of enterprises outsourcing logistics services also increased sharply to 60-70% and Up to now, the contribution of the logistics industry has reached 4-5% of GDP.
According to the World Bank report in 2018, Vietnam's logistics performance index (LPI) ranked 39th out of 160 countries and ranked 3rd in ASEAN, up 25 places compared to 2016.
Hai Yen (baodautu.vn)