What the future holds for logistics industry? 15:06 | 18/01/2021
Amid supply chain shifts, Vietnam is expected to become the new global âwarehouseâ and the development of modern logistics centres was flagged as the next inevitable trend at the recent CEO Forum. Â Â
With the global economy being affected by the COVID-19 pandemic, Vietnam drew nearly $16 billion in foreign direct investment in the first six months of 2020, down 15 per cent compared to the same period in 2019, yet much better than the average 30-40 per cent downturn all over the world in 2020, making Vietnam a promising destination for foreign investors.
Particularly, a raft of bilateral and multilateral free trade agreements (FTAs) taking effect as well as the newly signed Regional Comprehensive Economic Partnership (RCEP) and two other FTAs being negotiated make Vietnam one of the most open economies in the world, offering multiple opportunities to develop the suppl