b'28American Journal ofTransportation ajot.com(SOURCE continued from page 20) of textiles and garments is undisputedthe Frankfurt show also said that portup 10 river ports, 21 warehouses, 19 materials.Vietnamsindustryrec- and it will be another key player indevelopment was an important factor inbondedwarehouses,andtwoactive ognizes the importance of not wastingglobalsupplychains,thoughChinabolstering Vietnams global position.CFSwarehousestocomplement resources,includingrawmaterials,will also remain a key player, notedproductioninindustrialzonesand she added.Schmidt.f oreigni nvestMent clusters,facilitatingdistributionof VietnamsurbandevelopmentisHuynh Dinh Thai Linh, the CEOVietnam has strengthened its rolegoods to destinations in the region.drivenbyrisingincomelevelsandoftheWorldTradeCenterinBinhinthesupplychaindiversificationIn private conversations Vietnamese housingdemand;themushroomingDuong New City in Vietnams Binhstrategy of multinational corporationsbusinesspeople say that two free trade ofhigh-riseapartmentbuildingsisDuon province, and is also chairperson a move that also led to a surge in for- zonesinDiAnCityandBauBang also driving strong demand for home- of the Binh Duong Logistics Association,eign investment last year.By relaxingDistrict will be established as part of the textiles used in apartment furnishing.told this correspondent at the Worldregulationsgoverningforeignown- provinces new growth model. The free Vietnams textile industry continuesTrade Centers Association forum inershipinlistedcompanies,Vietnamtrade zones are planned to eventually be to grow demand from housing andNew York some weeks back that theappearsasanattractiveinvestmentregionalandinternationaltradehubs, the hospitality industry drives demandprovince offered a strategic locationsite for foreign investors. providing logistics and financial services, for furnishing, thus strengthening theforcompanieskeentomovetotheBinh Duong has strong potentialbolstering the provinces attractiveness textileindustry,Transaid,notingIndo-China region. to become the regions logistics hub.for trade and manufacturing. thattheU.S.wasthebiggestbuyerBinhDuongisalandlockedAccording to Huynh Dinh Thai Linh, ofVietnam-producedhometextiles,hub,andshipmentsaretransportedtheprovincehadformedachainof bedding, curtains, garments, etc.byriverswearecampaigningtoregional services with many logistics(UNCERTAINTY continued from attract companiesWarbug Pincus,centers,alongwithriverports,page 24)c ottons uPPlies an international company with a globalwarehousesandfacilitiesforgoodsWood concludes that the lesson here TheUSisamajorsupplierofnetworkofofficesinmanyregionsimported and exported.for the industry is about having supply cotton to Vietnam, though India and,oftheworld,includingSoutheastBeinglandlocked,BinhDuongchainflexibilityandresponsiveness. to a less extent, Pakistan also supplyAsia,hasbeenassignedtoexpandcreatedachainofregionallogisticsYou can no longer be single-threaded the commodity.our infrastructure; this along with portservices connected with a system of 15with one really important customer or BenShi,TradeFairManagerdevelopmentwillfurtherboostourlarge-scale logistic centers, includingsupplier. You need to have all options ofMesseFrankfurt(HK),saidthattrade.Ourrailwaysystemisbeingthree inland container depots and anon the table with respect to how you Vietnamstotalexportsoftextilesdeveloped at a fast pace, she said.internationalrailwaystationservingthinkaboutyourbusinessfroma in2024amountedto$44billion,SomeVietnameseexhibitorsatimport-export activities. It has also setglobal perspective.up 11% over 2023.Vietnams trade agreementssuchasCPTPP,Rcep, UKVFTA, etc. had boosted Vietnams exports,thankstotheremovalofTHEPORTtariffs.Vietnam has emerged as an important player in the manufacturing value chain, Shi said. Vietnamhassignedfreetrade agreements with more than 60 part- for NATIONnersinallthecontinents.Accord-ing to the World Trade OrganizationOUR(WTO), Vietnam is at par with Sin-gapore, Southeast Asias most devel-opedcountry,intermsofmarket access liberalization.AttheFrankfurtshow,some participants, impressed by the expo-nentialgrowthofVietnamstextile industry,evensuggestedthatViet-nam should be presented as a partner country at a future Heimtextil show in Frankfurt; this would further upstage Vietnams textile and garment indus-try, highlighting its important role in global supply chains bolstered by its aggressive infrastructure development andextensiveinterconnectivitywith world markets. OlafSchmidt,theFrankfurt-basedvicepresident(textiles/tex-tiletechnology)ofMesseFrankfurt GmbH and an expert on textile indus-try and textile supply chains, stated in an interview that these are challeng-ing times indeed amid geopolitical ten-sions, rising production and shipping costs,tariffs,etc.Withtheshow recording impressive growth rates in exhibitor numbers6% plus over the 2024 exhibitor numbers - and visitors from140countries,includinglarge numberofbuyersfromUSA,there was also a heightened interest among foreignbuyersoverreviewingtheir traditionalsupplychainsbecauseof ongoing global developments. Vietnams popularity as a supplierClosestEastCoastPorttotheMidwestOn-DockIntermodalContainerTransferFacilityDrivingAccessto2/3oftheU.S.PopulationWithin24HoursWithinMinutestoInterstateHighways50-FootDeepBerthsMarylandports.com 1.800.638.7519Governor Wes MooreMDOT Secretary Paul. J. Wiedefeld Executive Director Jonathan DanielsOlaf Schmidt, VP of Messe Frankfurt GmbH'