In 2024, Vietnam’s logistics and supply chain sector showcased remarkable resilience amidst an array of challenges, painting a complex picture of recovery, adaptation, and potential growth.

The trend of supply chains shifting from China to Vietnam in the past several years is confirmed to continue and if there are no crises in Asia-Pacific, this trend will continue for the next 10 years to come at least, though the shift from China to Vietnam will happen at different paces for different sectors. Electronics is probably the most impactful for the economy and the most fast-paced one. The situation in China has already pushed the big electronic players to find alternatives.

In early February, in the minds of most of us, COVID-19 was still a China-specific problem. Yet, the strict lockdown imposed early in China generated rapidly unprecedented chaos in global supply chains. We realised how weak these global networks were, and how much every economy is dependent on China’s manufacturing sector.