Impressive Growth in Vietnam’s Transportation Sector

The transportation sector in Vietnam experienced robust growth in the first half of 2023, as reported by the General Statistics Office (GSO). Passenger transport recorded a substantial increase, with over 2.17 billion people transported, while freight transport also saw a significant rise, with over 1.1 billion tons of cargo being transported. This article provides an overview of the performance of various transportation modes during this period.

Passenger Transport

Passenger transport in Vietnam witnessed a year-on-year increase of 15.9% in the first half of 2023.
Railway transport demonstrated the highest growth rate, with a remarkable increase of 75.7%.
Sea transport followed closely, showing a growth rate of 49.6%.
Inland waterways experienced a positive growth of 32.9%.
Air transport displayed a significant increase of 26.5%.
Road transport exhibited a steady growth rate of 14.3%.

Freight Transport

Freight transport in Vietnam experienced a notable increase of 15.9% compared to the same period last year.
Cargo transport by road demonstrated a growth rate of 12.7% during the first half of the year.
Sea transport and inland waterways showed significant growth, with an increase of 13.3% and 30.8% respectively.
However, freight transport by air witnessed a decline of 2.2%.
Rail freight experienced a sharp decline of 26.4%.

The transportation sector in Vietnam showcased strong growth in the first half of 2023, with a substantial increase in both passenger and freight transport. Railway and sea transport led the passenger segment, displaying remarkable growth rates. Cargo transport by road, sea, and inland waterways also exhibited positive growth, contributing to the overall increase in freight transport. However, freight transport by air and rail experienced declines during this period. These performance indicators highlight the importance of various transportation modes in supporting the country’s economic development and trade activities.

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