The World Bank released findings from its study on Vietnam’s l ogistics and inland waterway transport in Hanoi on January 7.

Addressing the launch ceremony, World Bank Country Director Victoria Kwakwa said as Vietnam is integrating into the world economy and facing climate change risks such as rising sea level and unpredictable weather, a more sustainable and effective use of inland water transport and coastal shipping is expected to help increase competitiveness while controlling greenhouse gas emissions.

The report “Efficient Logistics” looks at how competitive transport and trade logistics can become a new driver of sustained growth through their positive impact on productivity and their direct influence on business competitiveness.

It says while Vietnam has attained a strong track record in economic growth over the past 20 years, the drivers that fuelled that growth are rapidly depleting, making it critical to develop new drivers of growth going forward.

The report “Facilitating Trade through Competitive, Low Carbon Transport” examines Vietnam’s inland waterway transport and coastal shipping sector, which are facing significant under-investment in terms of both capital and maintenance expenditures.

It argues that promoting waterborne transport will bring about significant economies of ship size, lowering emissions of pollutants and greenhouse gases, as well as other intra-sectoral benefits.-VNA