Vietnam looks to address bottlenecks in logistics infrastructure

Removing bottlenecks in transport infrastructure and policy mechanisms is considered an important solution to help cut logistics costs and improve the competitiveness of Vietnamese businesses and goods in the time to come.
Vietnam looks to address bottlenecks in logistics infrastructure ảnh 1Removing bottlenecks in transport infrastructure and policy mechanisms is considered an important solution to help cut logistics costs. - Illustrative image (Photo: VNA)


Hanoi (VNA)
- Removing bottlenecks in transport infrastructure and policy mechanisms is considered an important solution to help cut logistics costs and improve the competitiveness of Vietnamese businesses and goods in the time to come.

Figures show that Vietnam boasts 630,546 km of roads, including less than 2,000 km of expressways.

It also lacks infrastructure connecting roads with seaports, resulting in logistics costs being insufficiently competitive.

According to Tran Thanh Hai, Vice Director of the Department of Export and Import under the Ministry of Industry and Trade, Vietnam has been building more expressways and national highways and has large seaports that play a role as international transit gateways.

Vietnam has also upgraded existing airports and developed new ones, he added.  

However, railway infrastructure remains underdeveloped and has not yet promoted the role of transport in development, he noted.

Vietnam has regularly posted annual GDP growth of 6-8 percent over the last decade.

The rapid growth of goods production and trade has caused a sharp increase in demand for logistics infrastructure and services. But Vietnam’s logistics infrastructure and services are yet to meet demand, resulting in high costs.

To improve the situation, it is necessary to adopt comprehensive measures, Hai said.

The Government needs to issue specific policies and build appropriate orientations on logistics development, including those related to the development of localities, according to Hai.

He also underlined the necessity of promoting administrative reform and the digitalisation of administrative procedures, increasing links between logistics infrastructure networks, and paying due regard to training and improving the quality of human resources in the industry./.

VNA

See more

An overview of the meeting (Photo: VNA)

Binh Duong works to remove obstacles facing major FDI firms

Authorities of the southern industrial hub of Binh Duong held a meeting with two major foreign direct investment (FDI) enterprises operating in the province to address challenges facing the firms in production and business operations while encouraging their further expansion.

Real estate investors eye industrial zones with strong transport infrastructure. Illustrative image (Photo:VNA)

Real estate rises with infrastructure boom

According to Savills Vietnam, a more favourable real estate investment environment is expected in 2025 as cyclical challenges subside and the market continues its recovery.

At the February 14 meeting between Lao Prime Minister Sonexay Siphandone and a delegation of Vietnamese businesses and international enterprises from various countries. (Photo: VNA)

Vietnam strengthens business and investment ties in Laos

Highlighting Laos's vast potential for trade and investment cooperation, Lao Prime Minister Sonexay Siphandone said that Laos is an attractive investment destination, particularly in agriculture, tourism, logistics, and infrastructure development.

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.