Vietnam's Logistics Highlight of Q3/2024: Ready for FWC 2025
Vietnam's logistics sector is experiencing remarkable growth as it gears up to host the prestigious Fiata World Congress 2025 (FWC2025) in Hanoi. With strong government support and a dynamic economic landscape, Vietnam is set to showcase its logistics potential on the global stage. This article highlights key developments in the country's logistics industry in Q3/2024 and how these achievements lay the foundation for a successful FWC2025.
Vietnam’s Logistics Performance in Q3/2024
Vietnam’s logistics sector has become one of the country’s key economic drivers, recording an impressive annual growth rate of 14-16%. Vietnam's logistics market significantly contributed to the country’s export and import turnover over the years.
According to the Ministry of Industry and Trade, Vietnam currently ranks 43rd globally in the Logistics Performance Index (LPI), positioning itself among the top five ASEAN nations in logistics, alongside Singapore, Malaysia, and Thailand.
A recent analysis by Agriseco Securities Corporation forecasts that the logistics sector will achieve a profit increase of 1,620% in Q3/2024, alongside sectors like fertilizers, retail, livestock, and banking.
In Q3/2024, the sector reported a significant 22% year-on-year increase in profits, reaching 8,100 billion VND. For the first nine months of 2024, the total profit of Vietnam’s logistics industry is estimated at 24,400 billion VND, marking an 18% increase from the same period in 2023. Seaport operations have also experienced a notable 20% increase in cargo volume compared to the previous year.
This positive growth is driven by Vietnam's robust import-export activities, which saw a 17% rise, reaching 511 billion USD in the first eight months of 2024. The export sector remains a strong contributor to this growth, with major trade partners such as the U.S., EU, and China signaling higher demand and increased orders.
Vietnam Hosting FIATA World Congress in 2025
At the FIATA World Congress 2024 in Panama, the Vietnam Logistics Business Association (VLA) officially received the baton to host the FWC2025. Scheduled for October 6-10, 2025, in Hanoi, the event will be held under the theme "Green Logistics Development, Fast Adaptation," emphasizing energy transition and the use of renewable energy in logistics operations.
The FIATA World Congress (FWC) is one of the most important global events in the logistics and freight forwarding industry. Each year, the congress gathers thousands of participants, including leading logistics professionals, business leaders, government officials, and academics from around the world, to discuss key trends, challenges, and innovations in the field.
During the handover ceremony, Mr. Đào Trọng Khoa, President of VLA and head of the Vietnamese delegation at FWC2024, extended an invitation to global participants to attend the congress and experience Vietnam's fast-growing economy.
The Vietnam Logistics Association (VLA) and local enterprises have officially received the baton to host the FWC2025
Government Support and Commitment for FWC2025
The Vietnamese government has shown strong support for the event. Prime Minister Phạm Minh Chính has personally met with FIATA and the Vietnam Logistics Association (VLA) multiple times, reinforcing the country’s commitment to ensuring the success of the Congress.
Additionally, key government ministries, such as the Ministry of Industry and Trade and Transport, have expressed their backing, ensuring that FWC2025 will be a prestigious and well-organized global event.
The organization of FWC2025 has garnered strong backing from the Vietnamese government and local ministries.
Vietnam’s Strategic Role in Global Trade
With its advantageous geographic position as a “gateway” to the Indo-Pacific region and booming export sectors, Vietnam is emerging as a crucial player in the global trade network.
Vietnam remains one of the world’s largest exporters of key agricultural products such as coffee and seafood, with billions of dollars in revenue generated annually. Enhances its appeal to global companies seeking to diversify their supply chains
Economic experts project that Vietnam's GDP growth will surpass 6% by the end of 2024, supported by growing exports and increasing foreign investment. As a result, Vietnam is becoming a vital logistics and trade hub, both regionally and globally.
FIATA World Congress 2025 in Hanoi is poised to be a landmark event for both Vietnam and the global logistics industry. With its strategic location, dynamic economy, and forward-thinking approach to green logistics, Vietnam is ready to take center stage. This congress will not only boost the country’s global profile but also open up vast opportunities for collaboration and growth within the logistics sector. Let’s seize this opportunity with PCS to become a strategic partner in the global supply chain at this event and grow stronger together.