In the past few months Vietnam has seen a major jump in terms of liner connectivity and is emerging as a manufacturing powerhouse. Vietnam’s liner shipping connectivity leapt 13.7% year-on-year in Q4 and jumped five places up to ninth in Sea-Intelligence’s index.
“Vietnam’s connectivity has been on a consistent upwards trajectory, although there was a substantial jump during the pandemic years. In the last few quarters, there has been a slightly sharper upwards trend than pre-pandemic,” Sea-Intelligence noted in its latest weekly report.
MB Brokers, in its container market report, mentions that during the period January to November 2023, exports from Vietnam exceeded 2019 levels by 12%. A major factor contributing to this growth has been the growing trade into North American region, which experienced an impressive 44% increase in containerised exports during the same period.
Further, data from UNCTAD shows that for 2022 the share of US container imports from Vietnam increased to 8%, up from 4% in 2017.
