Vietnam is Asia’s fastest recovering economy
According to DHL, Vietnam reflects the region’s strongest post-recession recovery, with DHL Express Vietnam’s volumes growing by more than 30% in the first quarter of 2010. Vietnam’s export revenue jumped 26% year-on-year from January to April 2010 (excluding precious metals), and industrial output grew 13.5% over the same period. The best performing sectors included electronics and computers, which rose 39% to US$985 million, and exports of tools and spare parts, which rose 75% to US$910 million. John Pearson, CEO of DHL Asia-Pacific & EEMEA, said: "The recovery for both Vietnam and DHL is being powered by intra-Asia trade. Sixteen of Vietnam’s top twenty trade lanes are intra-Asia, all of which have rebounded strongly in 2010, especially those in Southeast Asia." He added that while the US has also recovered somewhat after shrinking in Q1 2009, the Asia-Pacific trade lanes dominate both Vietnam’s imports and exports. DHL continues to invest in Vietnam. In April this year, DHL Express launched its US$5 million Ho Chi Minh Gateway, located at the new Tan Son Nhat Cargo Express Service airside facility. As DHL Express maps out its plans for Vietnam and Asia as a whole, sustainable development remains high on the priority list. A member of the World Trade Organisation since 2007, Vietnam’s GDP is expected to grow between 6.2% and 7.8% per year between 2010 and 2014 as a result of several key factors: its large, young and highly-literate population, continued success of the government’s FDI-friendly Doi Moi policy, political stability, and its proximity to China, Indo-China and Southeast Asia. Quelle: eyefortransport |