Despite the heavy impact from the Covid-19 pandemic, Vietnam import and export activities in the first four months of 2021 still recorded an outstanding growth at a recording rate within the past 10 years. However, there are many barriers that the import and export market is currently facing.
Recently, the Ministry of Industry and Trade has announced that, in the context of the spread of Covid-19 epidemic, directly causing negative consequences to the supply chain and global economies such as the lack of empty containers, the increase in freight rates, the high transportation costs, etc., Vietnam import and export has continuously recorded positive results and sustainable development based on uniform growth in all key industries such as electronics, textiles, footwear, machinery and equipment, agricultural products, etc.
According to the report, the total import-export turnover in the first four months of 2021 was estimated at 206.51 billion USD, increasing 29.5% over the same period last year. In particular, exports reached 103.9 billion USD, up 28.3% and imports reached 102.6 billion USD, up 30.8%. In this period, the trade balance of goods was recorded to have a trade surplus of 1.29 billion USD.
The Vietnam import and export is also forecasted to continue to prosper in the upcoming quarters when free trade agreements are gradually being implemented in a more comprehensive and effective manner. In addition, thanks to agreements such as CPTPP, EVFTA, UKFTA, etc., Vietnamese goods are estimated to have the opportunity to penetrate into partner markets with preferential tariffs, thereby promoting the manufacturing sector and other related ones.
However, the Vietnam import and export is still facing many barriers such as the difficult transportation of goods; the poor information technology system and infrastructure; the lack of visibility to grasp the progress of delivery and handling of goods at key ports to take necessary regulatory measures, causing difficulties for production flows, supply chains, etc. Especially, Vietnam's import and export activities are still struggling with heavy consequences after the incident in the Suez Canal, an important point on the journey of exporting goods to the EU.
To reduce adverse effects from the above problems, all manufacturers, importers and exporters, logistics service providers, and forwarders must strive to improve their competitiveness and adaptability, proactively changing direction to capture the efficiency and take up opportunities from new contexts. According to experts, until now, the most optimal solution is to boldly invest in upgrading information technology infrastructure following the trend of digital transformation.
Understanding those potential concerns and urgent needs, TRACKING - CARGO with the inheritance of advanced technology for satellite navigation is a service to track and trace goods and containers on the voyage with the mission of contributing to promoting the sustainable development of Vietnam import-export industry. TRACKING – CARGO promises to be the key to help businesses solve the inadequacies when using ocean freight as a method of transporting orders worth hundreds of thousands of dollars.
Applying TRACKING - CARGO, businesses can easily capture information of goods and containers and shipping schedules and locate them right on the digital world map through real-time pictures. From there, it brings initiative in planning and coordinating related stages, and at the same time, businesses can quickly come up with appropriate solutions, avoiding interruption of workflow when unexpected situations arise.
For logistics service providers and forwarders, thanks to optimizing the information technology system by TRACKING - CARGO, they have saved both time and personnel costs for the customer service department and sustained competitive advantage over fierce competitors due to the ability to be able to quickly access new technologies in the industry and helping customers proactively update information about their goods and containers on the voyage anytime and anywhere.
TRACKING – CARGO is currently distributed by BOM Software. Experience now at the website: www.tracking-cargo.com or contact us for support.
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