Gov’t aims to boost logistics by cutting costs
The Government is trying to reduce the cost of goods transport in the country to make logistics more competitive and one of the economic spearheads.
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The Government is trying to reduce the cost of goods transport in the country to make logistics more competitive and one of the economic spearheads.
Cargo shipping has seen positive growth in the first six months of the year, with 254.8 million tonnes handled via the country’s seaports, up 17 percent on last year.
The World Bank and Vietnam’s Ministry of Transport have launched the Vietnam Logistics Statistical System Project.
Vietnam always welcomes and commits to creating conditions for foreign businesses, including those from China’s Chongqing city, to land investment in high-tech projects in the country, said diplomat.
Vietnam needs to simplify its visa applications and procedures for foreign companies to enter the country so the logistics industry can attract more foreign business partners, representatives of logistics companies have said.
The southern metropolis Ho Chi Minh City will form logistics centres in concentrated production areas or those near seaports to provide various services and operate as ports, container depots and container freight stations.
Localities and businesses appreciate the efforts made by Vietnamese trade counsellors in helping the country’s businesses boost their exports, and want them to continue providing information.
A detailed plan on logistics development, especially on transport connectivity, is needed to set goals for industrial production, agriculture and imports-exports, experts have urged.
“It is necessary to make more effort and measures to improve competitiveness of Vietnamese logistics firms.”, said Minister of Industry and Trade Tran Tuan Anh.
A conference opened in Hai Phong city on November 22 with a view to promoting cooperation along the economic corridor of Vietnam’s Lao Cai province, Hanoi, Hai Phong city and Quang Ninh province and China’s Yunnan province.
The Vietnamese Government is committed to strongly supporting the Greater Mekong Sub-region (GMS) Economic Cooperation Programme initiative, said Minister of Planning and Investment Nguyen Chi Dung.
Provinces and cities of the Mekong Delta need to focus on speeding up agricultural production, tourism and services to tap the region’s potential, said Deputy Prime Minister Vuong Dinh Hue.
Deputy Prime Minister Vuong Dinh Hue had a working session with the World Bank (WB)’s Country Director in Vietnam Ousmane Dione, in Hanoi on June 26 to discuss trade facilitation, logistics development and on-stop-shop model.
The Ministry of Industry and Trade (MoIT) has drafted an action plan to lower logistics costs to 18 percent of the country’s gross domestic product (GDP) by 2020.
Deputy Prime Minister Vuong Dinh Hue has called on logistics businesses to invest and expand investments in the Mekong Delta.
The Hai Phong Port City management authority and Hai Phong Economic Zone Authority (HEZA) has announced a detailed master plan making Cat Hai Island a smart island.
Authorities and experts are considering a master plan to comprehensively develop the logistics industry that fully utilises the city’s advantages and meet urgent and long-term requirements.
Logistics and supply chain management have significantly improved in recent years thanks to the Government’s policies as well as the perception of entrepreneurs.
