Vietnam’s Logistics Boom: Infrastructure Investments, E-Commerce Growth, and Rising Costs in 2024

Vietnam’s New Logistics Infrastructure Projects The Vietnamese government has outlined several infrastructure projects aimed at improving the country’s logistics capabilities. Key projects include: Long Thanh International Airport: Expected to be one of the largest airports in Southeast Asia, this airport will significantly improve the logistics capacity for air cargo, supporting both local and regional trade.Cai…

Japan-US container exports rise in October

Japan’s container exports to the United States reached 58,333 TEUs in October, marking a 7.1% year-on-year increase, according to Descartes Datamyne. Monthly exports remained above 50,000 TEUs from January through August, dipped below this threshold in September, and rebounded in October. Direct shipments from Japan to the US surged by 19.7% to 43,375 TEUs, while…

Vietnam Ranks 23rd Among the World’s Top 30 Export Economies

Vietnam has secured its position as one of the world’s top 30 largest export economies, ranking 23rd with a total export turnover of US$354 billion in 2023. This milestone highlights the country’s growing prominence in the global trade landscape and its dynamic export sector, which plays a crucial role in driving economic growth and development….

Vietnam Gears Up for a Logistics Boom: Market Reaches $65.34 Billion by 2029

Vietnam logistics sector revs up for a $65.34 billion future by 2029. E-commerce boom and trade expansion fuel growth. Freight forwarding leads, but express logistics and 3PL gain traction. International players enter, while domestic companies leverage local knowledge. Technology adoption and a focus on sustainable practices shape the future. Vietnam! The logistics industry is poised…

Trends in Global Maritime Trade: Shipping is being shifted towards Far East

The global shipping industry has observed diverse trends among leading container ports worldwide, reflecting significant changes in connectivity and cargo volumes that influence the competitive landscape across the Far East, Middle East and Trans-Atlantic. The Far East continues to spearhead global container shipping, with major ports like Shanghai, Singapore, Ningbo, and Busan at the forefront….

Honoring the Guiding Light: Vietnamese Teacher’s Day 20/11

November 20th marks a day of immense pride and joy in Vietnam – Vietnamese Teacher’s Day. This special occasion is dedicated to recognizing the extraordinary contributions of teachers and educators who play a pivotal role in shaping not just individuals, but society at large. At MN SHIPPING CO., LTD – VIETNAM, we are deeply inspired…

Vietnam-Thailand Trade Relations: Robust Growth and Economic Collaboration in 2022

Trade relations between Vietnam and Thailand have experienced significant growth in recent years, reflecting the strengthening economic ties between the two nations. Trade Volume: In 2022, the total trade turnover between Vietnam and Thailand reached approximately $21.6 billion. VIETNAM BRIEFING Vietnam’s Exports to Thailand: Vietnam exported goods worth $7.35 billion to Thailand in 2022. The…

Southeast Asia Logistics: A New Force in the Global Supply Chain

Southeast Asia is emerging as one of the world’s new logistics hubs, playing a significant role in the global supply chain. With the continuous growth of international trade and the rise of e-commerce, the demand for modern logistics infrastructure has become more critical than ever. Countries such as Singapore, Thailand, and Vietnam have invested heavily…

Da Nang – Quang Nam: New Driving Forces for Central Vietnam’s Logistics

Central Vietnam, particularly the areas of Da Nang and Quang Nam, is emerging as a potential logistics hub. With strategic geographical advantages and modern seaport systems, this region holds significant appeal for both domestic and international investors. However, to realize its ambition of becoming a prominent spot on the global logistics map, challenges related to…