A ceremony to honour the companies is scheduled for next January in Hanoi.
Vietnam Report named top ten reputable logistics businesses in the industry group of international logistics services for third and fourth parties, warehousing, and freight forwarding; top ten reputable logistics businesses in the freight transport industry group; and top ten reputable logistics businesses in the industrial groups of port exploitation, and express delivery and last-mile delivery.
The selections are based on three main criteria namely financial capacity as reflected in the most recent financial statements; media reputation assessed using the Media Coding method, which involves coding articles about the company across influential media channels; and results from surveys of research subjects and stakeholders conducted in November 2024.
Vu Dang Vinh, General Director of Vietnam Report, said that in 2024, Vietnam's logistics industry has witnessed a strong recovery thanks to export growth, the Government’s supporting measures, and improvements in global supply chains.
Vietnam's exports grew by 14.9% in the first ten months of 2024, reaching 335.6 billion USD after a decline in 2023. Key export sectors such as electronics, textiles, and agricultural products continue to make significant contributions to the overall export turnover. Notably, exports to the US - Vietnam's largest market, approached 100 billion USD in the past ten months, with a trade surplus exceeding 86 billion USD, a strong increase of 26.9% compared to the same period last year.
He said this positive outcome is partly due to the shift of production from China to Vietnam in the context of diversifying global supply chains.
The recovery in exports has led to positive growth in the logistics sector. The total volume of goods transported through seaports is estimated to increase by about 14% in the first ten months of 2024, reaching over 570 million tonnes; of that, dry cargo and containers made up a significant proportion, with handling volumes exceeding 321 million tonnes and 191 million tonnes, respectively.
Additionally, the expansion of industrial zones, which play a central role in the export supply chain, has also contributed to the growing demand for logistics, Vinh said.
