The Business Times cited DHL’s latest report as saying that Vietnam’s trade volume is forecast to grow at a compound annual rate of 6.5% from 2024 to 2029.

Vietnam is emerging as a top destination for electronics manufacturers, the firm said. DHL highlighted Southeast Asia’s increasing role as a manufacturing hub for European and North American firms.

With Vietnam already among the world’s top 40 economies and top 20 in global trade volume, its rise into the top 30 fastest-growing economies in terms of trade appears well within reach.