An estimated 90.5 million inhabitants populate the Southeast Asian country of Vietnam. The Vietnamese economy is expected to become the world’s 21st-largest by 2025, with an estimated nominal GDP of $436 billion. Get access to this huge market-explore ocean freight transportation to Vietnam.
In 2014, Vietnam negotiated a free trade agreement with the European Union, adding Western Europe to its list of chief trading partners, along with the ASEAN countries, the United States, China and Japan, and Australia. The US is Vietnam’s leading export destination.
By 2025, Vietnam is expected to be the fastest-growing of the world’s emerging economies, with a potential growth rate in real dollars of almost 10 percent annually. Vietnam is already one of Asia’s most open economies-in 2006, two-way trade was valued at around 160 percent of GDP. Ocean freight transportation to Vietnam is clearly a vital tool for any exporter.
You’ll need to determine your shipping volume in order to make an informed decision here. Any shipment equal to at least half of a container is considered a full container load (FCL), keeping in mind that a 20-foot container can hold 10 standard pallets, while a 40-foot container ships 22 standard pallets.
FCL is also the best way to avoid any risk of damage to your goods that may be caused by contact with other exporters’ merchandise, and so may be a wise choice even for small shipments.
A shared container (LCL)-known as groupage-is a good and economical choice if separating your goods from others’ isn’t a concern. Groupage requires you to pay only for your own space within a shipping container, and so is cost-effective. Contact iContainers for rates and other important information on shipping.
Air freight may be more appropriate to your needs than ocean freight in certain instances, particularly if you have an urgent shipment or a tight deadline. Some limitations are imposed on air freight in terms of volume and weight; look at the iContainers calculator to help you determine the right option for you.