According to the DHL Global Connectedness Index 2020 (GCI, International Connectedness Index 2020) released by German international logistics giant DHL and NYU Stern School of Business, Vietnam ranks fifth in the world in terms of trade sector indicators. Has entered. This is the 7th edition of this report, but it is the first evaluation of comprehensive internationalization in the corona wreck. The report tracked the international flow of trade, capital, information, and talent in 169 countries and territories.

The latest forecast shows that after a stable transition in 2019, the index will fall sharply in 2020 due to social distance impacts in the corona wreck, such as border blockades, travel bans, and airliner suspensions. ing. However, global ties are not expected to fall to the level of the global financial crisis of 2008-2009. Trade and capital flows have already begun to recover, and international data flows skyrocket as face-to-face contacts move online during the pandemic expansion and international internet traffic, calling, and online shopping increase. did.

According to the report, the scale (depth) of international flows relative to the size of the domestic economy and whether the international flows are globally dispersed or focused on a narrower range (wideness). ), Vietnam has received high praise, and in terms of trade sector indicators, it ranked fifth in the world after  Singapore,  Netherlands,  Belgium, and Malaysia. Vietnam has emerged as China’s strong rival in the textile industry in recent years and is also experiencing rapid growth in the high-tech sector.

“Vietnam has become one of the leading options for companies seeking to diversify their production bases. Vietnam is politically stable and young,” said a representative of DHL Express Viet Nam. It has a labor force and skilled skills, and the existence of multiple trade agreements such as the Vietnam EU Free Trade Agreement (EVFTA) makes Vietnam an attractive investment destination. “

Original Article Published on Viet Jo