Illustrative image (Source: VNA)

Hanoi (VNA) - The World Bank and Vietnam’s Ministry of Transport have launched the Vietnam Logistics Statistical System Project.

Designed to establish a national system for collecting, processing and publishing transport and trade logistics statistics annually, the project is part of the World Bank’s support to the Vietnamese Government’s integrated programme for trade facilitation and logistics development.

“Developing a robust logistics data system is crucial for designing and implementing effective policies to enhance Vietnam’s logistics performance and competitiveness,” said Sebastian Eckardt, Lead Economist for the World Bank in Vietnam.

Financed by the multi-donor Trust Fund for Statistical Capacity Building and managed by the World Bank, the project also provides support for project implementation, through a partnership between the World Bank, the International Transport Forum, the Organisation for Economic Cooperation and Development and the Australia-World Bank Partnership Programme. 

In 2016, Vietnam ranked 64th out of 160 countries in the World Bank’s Logistics Performance Index and fourth in ASEAN after Singapore, Thailand and Malaysia.

Vietnamese firms mainly provide domestic logistics services such as transport service, airport, seaport and warehouse services and cargo loading and unloading services.

Few firms provide international logistics services through acting as agents for foreign enterprises.-VNA