Author: vietjetair.cargo

Global air cargo tonnages stabilised in October close to their levels this time last year, with preliminary full-month tonnage figures for October down just -1% compared to those in October 2022, having tracked last October’s demand patterns closely on a week-by-week basis throughout the month, according to the latest figures from WorldACD Market Data.
 
That difference of -1% in October is the smallest full-month year-on-year drop recorded so far this year, narrowing from a year-on-year decline of -10% in the first quarter, -6% in the second quarter and -3% in the third quarter of the year. But this narrowing of the gap compared with last year’s demand levels should be seen more as a stabilization than a recovery, with tonnages in October 2022 having already experienced a double-digit percentage decline (-13%) compared with those of the previous year, heralding a non-existent peak season last winter.

To put these demand levels into context, tonnages for the full year in 2022 were around -6% below the (near-record) full-year figures for 2021, and just slightly above (+2%) those in 2016, with full-year figures for 2023 set to be significantly below last year’s levels (around -5%).

Weekly analysis

Preliminary figures for week 43 (23 to 29 October) show a -1% decrease in tonnages and a +1% increase in global average rates, compared with the previous week, based on the more than 400,000 weekly transactions covered by WorldACD’s data. The slight tonnage decrease in the last full week of October follows the same pattern as the previous year, characterised by a mid-month recovery in tonnages following a sharp drop during the first full week of October (-5% in 2023; -8% in 2022), corresponding with China’s Golden Week holiday break.

Comparing weeks 42 and 43 this year with the preceding two weeks (2Wo2W), overall tonnages and worldwide rates jumped +3%, while capacity increased by +1% versus the combined total in weeks 40 and 41.

At a regional level, increases in tonnages (2Wo2W) were recorded most strongly on flows outbound from Africa to Europe (+14%), and from Asia Pacific to, respectively, North America (+9%), Middle East & South Asia (+8%), Europe (+7%) and intra-Asia Pacific (+7%). Also, notable increases were recorded outbound from Europe to Asia Pacific (+7%), from North America to Central & South America (+5%), and from Central & South America to Europe (+5%). On the negative side, the biggest percentage decreases were recorded on flows outbound from Europe to Middle East & South Asia (-6%) and from North America to, respectively, Europe (-5%) and to Asia Pacific (-4%).

On the pricing side, there were small to modest increases in rates, on a 2Wo2W basis, on the majority of regional flows, most notably ex-Europe to North America (+6%), and ex-Asia Pacific to, respectively, North America (+4%) and Middle East & South Asia (+4%), as well as on flows between Middle East & South Asia and Asia Pacific (+4%) and ex-Central & South America to Europe (+4%). Slight decreases were recorded on flows ex-Europe to Central & South America (-3%) and ex-Europe to Asia Pacific (-1%).

Year-on-Year perspective

Comparing the overall global market with this time last year, chargeable weight in weeks 42 and 43 was down -2% compared with the equivalent period last year, with the most-notable changes on an origin region level being a +8% rise ex-Middle East & South Asia and a +6% increase ex-Central & South America and ex-Africa. Tonnages were also up ex-Asia Pacific (+4%). But, similar to previous reports, there were significant decreases in tonnages ex-North America (-13%) and ex-Europe (-11%).

Overall capacity has increased by +15% compared with last year, as passenger air services continue to return to the market, with capacity ex-Asia Pacific up by a noteworthy +31%. Other significant YoY capacity increases can be observed ex-Europe (+18%), ex-Middle East & South Asia (+13%), ex-Africa (+12%) and ex-North America (+10%), while a drop was recorded ex-Central & South America (-3%).

Worldwide average rates are currently -28% below their levels this time last year, at an average of US$2.40 per kilo in week 43, although they remain significantly above pre-Covid levels (+36% compared to October 2019).

Source: aircargoweek.com

HCM City is focusing on digital transformation to develop itself into a smart urban area by 2030.

HCM CITY —  HCM City is focusing on digital transformation to develop itself into a smart urban area by 2030.

So far, the city has successfully launched a centralised IT infrastructure for State agencies on the cloud computing platform at the city’s database centre. Security has been ensured for valuable information and network facilities of State agencies and Party units.

The city is one of the first localities in the country to successfully integrate a system of electronic authentication and identification for citizens with the National Population Database managed by the Ministry of Public Security, the National Public Service e-portal, the Database on Administrative Procedures managed by the Government Office, and other essential national databases (social insurance and justice).

Until now, more than 1,000 State departments and organisations, businesses, hospitals, and schools in the city have formed connections to this important system to accelerate the digital transformation process in state management activities and provision of public services to citizens.

By 2030, the city aims to become smart with e-government, e-enterprises and an electronic society.

The digital economy is expected to account for 40 per cent of the city’s GRDP by 2030.

The southern hub has carried out an array of activities to bolster digital transformation in 2023.

Digital Transformation Week 2023 with the theme “Digital data mining, successful digital transformation” was organised in the city from October 17-18 with a wide range of workshops on digital transformation and development of urban areas as well as an exhibition of outstanding digital platforms and solutions.

Võ Thị Trung Trinh, Deputy Director of the municipal Department of Information and Communications, said the city would work to form an integrated database that serves the digital transformation process in the city and the country at large.

The city would focus on developing three main data groups by 2025: citizens (administrative, civil status, health, education, and welfare), finance-business (analysis and statistics of budget revenue and expenditure, public investment management, enterprises, and household businesses), and land-urban areas (geographical information, construction, transport, and planning and architecture), she added.

According to the Ministry of Information and Communications, the city ranked second out of 63 provinces and centrally-run cities in the country according to the 2022 digital transformation index (DTI).

The digital economy contributed about 18.7 per cent of the city’s gross regional domestic product (GRDP), equivalent to VNĐ1.5 quadrillion (US$61.5 billion) last year.

This was the third consecutive year that the city was highly ranked based on its effective digital transformation programmes. 

Source: vietnamnews.vn

The export value of Vietnamese businesses selling with Amazon increased by 50 per cent, enlarging the contribution to the country’s export economy.

HÀ NỘI — Vietnamese merchants on Amazon recorded robust performance in the 12 months ending 31 August this year.

Seventeen million items from Vietnamese companies were purchased by Amazon’s global clientele, cementing Việt Nam’s standing in the worldwide market.

Vietnamese firms’ export value on Amazon rose by 50 per cent, boosting its significance to the nation’s export-driven economy.

Numerous Vietnamese companies have seized their global growth prospects with Amazon, witnessing a 40 per cent surge in Vietnamese merchant partners.

These outcomes underscore the successful collaboration between Vietnamese SMEs and Amazon and highlight the tenacity of businesspeople in navigating and prospering amid economic challenges.

Amazon Global Selling Việt Nam kicked off its fifth annual Amazon Cross-border E-commerce Summit in 2023 in Hà Nội on Tuesday. The summit takes place in Hà Nội today, before moving to HCM City on Thursday.

“E-commerce has changed the way businesses interact with other businesses and their customers. E-commerce also helps businesses overcome barriers in international trade, making it easier to expand their business to other markets, thereby creating motivation for the growth of exports and trade,” said Lại Việt Anh, deputy general director of the Vietnam E-commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade (MoIT).

“The Government pays close attention to facilitating and fostering the use of e-commerce. This is shown by various policies and regulations issued recently to help businesses with their digital transformation, as well as to support them on their quest to expand internationally through e-commerce applications.”

“There are about two million Amazon third-party selling partners worldwide today, and products from the sellers account for 60 per cent of everything sold in our store,” said Eric Broussard, Vice-President, Worldwide Global Selling & International Seller Services.

“Many Vietnamese businesses have been part of this amazing growing community. Việt Nam is an emerging part of the global e-commerce supply chain. We value Việt Nam’s manufacturing strength, entrepreneurial spirit, and rapid digital transformation. That’s why we are enhancing our presence in Việt Nam and will continue to accelerate your success with us,” said Broussard.

“One of the next megatrends for businesses going global is through e-commerce,” said Gijae Seong, head of Amazon Global Selling Việt Nam.

The question was whether local businesses can embrace this trend quickly, capture global consumption demand, and create long-term growth, he said.

“We continue our efforts to help Vietnamese selling partners innovate and upgrade their products to best serve global customers, build global brands, and scale their global presence,” he said.

Strategic priorities

Recognising the capabilities and determination of Vietnamese SMEs, Amazon Global Selling aims to expand its efforts to empower Vietnamese selling partners to strengthen their innovation and competencies and facilitate the building of international businesses and brands in this vibrant export context.

Amazon Global Selling Việt Nam announced strategic priorities for 2024 across three pillars.

Firstly, boosting the readiness of cross-border e-commerce in Việt Nam by strengthening collaboration with governmental agencies and strategic partners to equip Vietnamese SMEs with education; nurturing and empowering industry service providers; and bolstering seller community activities to share more experience and know-how.

Secondly, accelerating local supply chain integration, including connecting selling partners with manufacturers in many categories across the country to innovate and expand new product selections from Việt Nam, in addition to supporting local manufacturers to quickly capture online export trends and opportunities.

Thirdly, elevating Vietnamese selling partner quality and success by doubling down on the effort on seller education; facilitating selling partners to build and boost their global brands; extending support and offerings to help sellers at every step, from account registration and account management to finances, operational logistics, and brand building.

At the event, Amazon also introduced a range of new and improved tools and programmes, including Fee Waiver, JITA, Brand Tailored Promotion, and upgraded SEND, to accelerate cross-border e-commerce and empower local businesses through every stage of their selling journey on Amazon.

Amazon Global Selling further enhanced its presence in Việt Nam by announcing the official opening of the Amazon Day-1 Việt Nam Training Centre and a new office in HCM City, Amazon’s first onsite training and networking centre in Việt Nam which can accommodate 100 people, and a live stream studio to produce and broadcast online educational content and webinars to serve the growing needs of cross-border e-commerce. 

Source: vietnamnews.vn