Participants at the forum (Photo: VNA)HCM City (VNA) - Despite its great potential for growth, poor transport infrastructure and high costs are holding back the logistics industry, insiders said at the Vietnam Logistics Transformation forum held in HCM City on October 19. Vietnam ranks 11th out of 50 countries in the 2022 Emerging Market Logistics Index released by logistics and freight provider Agility. The country’s freight and logistics market is expected to grow at a compounded annual growth rate of 5.5% in 2022 – 2027. Vietnam’s foreign trade was worth 557 billion USD in the period, representing a large freight and logistics market. Dao Trong Khoa, deputy chairman of the Vietnam Logistics Business Association, said the logistics industry is benefiting from free trade agreements and the rapid growth of e-commerce.
