Business

HCM City leads nation in logistics competitiveness in 2022

Ho Chi Minh City topped the first-ever Vietnam Provincial Logistics Competitiveness Index (LCI) 2022, followed by Hai Phong, Binh Duong, and Ba Ria – Vung Tau and Hanoi, according to a report recently announced by the Vietnam Logistics Association (VLA).
HCM City leads nation in logistics competitiveness in 2022 ảnh 1The LCI will play an important role in promoting logistics development in the region and in Vietnam as a whole. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City topped the first-ever VietnamProvincial Logistics Competitiveness Index (LCI) 2022, followed by Hai Phong, BinhDuong, and Ba Ria – Vung Tau and Hanoi, according to a report recently announcedby the Vietnam Logistics Association (VLA).

At the report announcing ceremony, VLA Chairman Le Duy Hiep said that duringAugust 2022 – November 2023, the VLA, in collaboration with the Vietnam LogisticsResearch and Development Institute (VLI) and consulting service provider DreamIncubator, drew the report based on a survey on 26cities and provinces nationwide with the most outstanding GRDP, volume of transported goods,and number of logistics businesses.

The report also highlighted that infrastructure, human resources, logisticsservice providers, logistics service users and regulatory frameworks areimportant to shape up a sound logistics system, he added.

The LCI, an index that evaluates the developmentspeed, quality, infrastructure, and policies of municipal and provincialauthorities for logistics service businesses in Vietnam, will be conductedyearly, providing an insight into localities’ logistics industry based on five pillars namely economy, logistics services, regulatory frameworks – policies,logistics infrastructure, and workforce.

According to VLI Director Ho Thi Thu Hoa, the LCI provides a foundation fororganisations and enterprises to outline business strategies and make wiseinvestment decisions so as to improve competitive edge.

Furthermore, the index will play an important role in promotinglogistics development in the region and in Vietnam as a whole, she said.

Vietnam is now home to4,000 logistics firms, 70% of them are located in Ho Chi Minh City and neighbouring localities. Most of the businesses are operating at a smallscale, with 90% of them having less than 10 billion VND (over 413,800 USD) incapital, and 1% more than 100 billion VND./.
VNA
#HCM City #Vietnam Provincial Logistics Competitiveness Index #26 cities and provinces #index #logistics industry #Vietnam News Agency #Vietnamplus
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