Palm Logistic Vietnam Blog

Report on the socio-economic situation in the first quarter of 2024, impacts on the Logistics industry.

Based on the socio-economic report for the first quarter of 2024 by the General Statistics Office, the impacts of the Vietnamese economy on the logistics industry in general and international transportation in particular can be observed as follows:

1. Opportunities:

- Total import and export turnover increased sharply by 15.5% compared to the same period last year, with exports increasing by 17% and imports by 13.9%. This indicates a rising demand...

Merchandise export activities in March continued to grow strongly

Based on the statistics released by the General Statistics Office on the import and export situation in the first quarter of 2024, the impact on the international transportation industry, logistics companies, and forwarding companies can be assessed as follows:

1. Strong growth in import and export:
- The total import and export turnover of goods in the first quarter of 2024 reached 178.04 billion USD, an increase of 15.5% compared to the...

Import-export reached nearly 145 billion USD, the trade balance continued to lean towards trade surplus

Based on the data from the General Department of Vietnam Customs, the total import-export turnover of Vietnam as of March 15, 2024, reached USD 144.99 billion, a significant increase of 17.7% (equivalent to an increase of USD 21.79 billion) compared to the same period in 2023. This is a positive signal showing the recovery and growth of foreign trade activities, creating momentum for the international transportation industry and forwarding companies.

In terms...

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Airline Code and AWB prefix (Airway bill Prefix)

Airline names are coded with two alpha digits numbers for easy handling. Airway bill number issued by airlines reflects first three numerical digits, represent the name of airlines.

We are giving below major airlines, airlines’ two digits alpha codes and three digits numerical code mentions on airway bill, representing each airlines.

ABSA Cargo Airline M3 549
ACG Air Cargo Germany 6U 730
Adria Airways JP 165
Aegean Airlines A3 390
Aer...

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Air freight volumes expected to grow 4.1pc a year for 5 years: IATA

INTERNATIONAL air freight volumes are forecast to increase at a compound annual growth rate of 4.1 per cent over the next five years, according to the International Air Transport Association's (IATA) Airline Industry Forecast 2014-2018.

The fastest growing market are expected to be emerging economies, particularly the Middle East and Africa.

"This year, more than US$6.8 trillion worth of goods, equivalent to 35 per cent of total world trade by value, will be transported...