Europe remains one of the most important and promising export markets for Vietnamese enterprises, especially following the implementation of the EU–Vietnam Free Trade Agreement (EVFTA). With a population of over 740 million and a total GDP of approximately USD 18 trillion, the region has a strong and diverse demand for imports ranging from agricultural products and processed foods to industrial goods, electronics, and textiles.
According to the latest data from the General Department of Vietnam Customs, Vietnam’s export turnover to the European Union (EU) reached USD 51.66 billion in 2024, marking an 18.5% increase compared to 2023. The EU currently accounts for approximately 12.5% of Vietnam’s total export value.
To meet the growing demand for trade between Vietnam and Europe, several major shipping lines have expanded their direct shipping routes. Most recently, COSCO SHIPPING, the world’s third-largest container shipping company, officially launched a new direct service from Cai Mep Port (Vietnam) to key ports in Europe. This direct route is expected to significantly shorten transit times and reduce logistics costs for exporters.
The new service eliminates the need for transshipment at intermediate hubs such as Singapore or Malaysia, thus improving schedule reliability and operational efficiency. This is particularly crucial in the current context, where global supply chains continue to face disruptions and volatility.
COSCO’s decision to operate a direct service from Cai Mep — one of Vietnam’s most advanced deep-water ports—highlights the country’s rising potential as a strategic logistics hub in the region. This development presents an important opportunity for Vietnamese exporters to expand their market reach, optimize transportation costs, and enhance competitiveness on the global stage.
Source: collect
As sustainability continues to gain importance across global business operations, Green Procurement is becoming a key consideration in sourcing strategies and supply chain management
Recent developments in the Middle East continue to have a significant impact on the global logistics industry. The ongoing closure of the Strait of Hormuz, combined with prolonged regional instability, is driving up transportation costs, affecting carrier operations, and placing additional strain on international supply chains.
For many years, logistics was viewed primarily as a back-end support function. Today, amid increasing global trade volatility, logistics has become a strategic factor directly influencing business growth, risk management capability, and long-term competitiveness.
As our Team Building journey in Phu Yen comes to a close, what remains is not only beautiful photos or joyful moments, but a stronger team spirit than ever before.
Our Team Building 2026 journey in Ninh Binh has come to a successful close, leaving us with meaningful memories, stronger connections, and renewed energy for the road ahead.
On the occasion of International Children’s Day (June 1st), GLOTRANS offices and branches nationwide simultaneously organized a meaningful gift-giving program for the children of employees currently working at the Company.
The shipment of food additives was transported in container No. FCIU3301688 (20’), under B/L MPRSMUM1806, on the voyage from Nhavasheva Port (India) to Dinh Vu Port (Hai Phong, Vietnam) on 29/04/2017.
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
