Foreign investors are pouring capital into Vietnam's logistics market to seize development opportunities after the pandemic.

The race to expand the logistics market share is getting hot when foreign businesses have continually been pouring capital into and scaling up their operations in Vietnam, Dau tu (Vietnam Investment Review) reported.

Viettel Post and Vietnam Post are eying the local logistics market worth nearly 62 billion USD.

The logistics sector has seen a number of large-scale investments in the first months of the year as it experiences a period of significant growth that is vital to the ongoing development of the country’s economic recovery.

Logistics costs will continue to skyrocket as demand soars while supply will remain limited at least until the end of this year, said industry experts and businesses.

Vietnam has many opportunities to enhance exports to the European and American markets but logistic issues are causing bottlenecks to this potential.

After days of stability, many logistics stocks surged on the stock market. 

Over the past 30 years, Maersk has gradually contributed to putting Vietnam on the international logistics map.

Better regulations are expected to come into play to facilitate the growth of Vietnam’s e-commerce logistics sector.

Vietnam’s rising involvement in global supply chain networks has been hampered by the pandemic, but its increasingly important role in the long term is not judged to be at risk.

Demand for e-commerce and pharmaceuticals ensure that the industrial and logistics real estate segments remain the most resilient asset class in 2021, experts have said.

Pro-competitive policies can help Vietnam continue its progress in logistics sector and help the country recover quickly from the impacts of the pandemic, the Organisation of Economic Co-operation and Development said in its two latest reports.

The total volume of goods that passed through Vietnam’s seaports has been growing despite continuous increases in container freight rates since the COVID-19 pandemic.