In November, Vietnam’s transport and warehouse sector registered 15 new projects, with a negative newly registered capital of US$100 million, according to Vietnam’s Ministry of Planning and Investment. This marks a significant decrease compared to October, which saw 8 new projects and US$4 million in newly registered capital.
Year-to-date (YTD), the sector has attracted a total of 102 new projects with US$462 million in newly registered capital, showing that the sector’s performance has fluctuated over the course of the year.
The transport and warehouse sector has been a critical component of Vietnam’s supply chain infrastructure, benefiting from growing e-commerce demand and the need for logistical services. However, the negative performance in November indicates a downturn in investment, possibly due to shifting business conditions or changes in the logistics and transport landscape.
Key players in this sector include global logistics companies such as DHL, FedEx, and Maersk, who are key contributors to Vietnam’s growing transportation and warehouse infrastructure.
Despite the decline in November, the transport and warehouse sector in Vietnam is expected to recover, with opportunities for growth in line with the country’s continued economic development.
See also: Logistics in Vietnam