Home Industry News Vietnam boosts logistics industry’s competitiveness

Vietnam boosts logistics industry’s competitiveness

-

The Vietnamese government supports the simultaneous implementation of important initiatives and solutions to increase the nation’s logistics sector’s competitiveness.

Developing logistics into a service industry with high-added value

The government will direct Ministers, heads of ministerial-level agencies, governmental agencies, and Chairmen of People’s Committees of provinces and centrally-run cities to focus on the synchronous implementation of solutions to increase competitiveness and expand Vietnam’s logistics services.

The government’s goal is to make the logistics services sector a high-added value, linking them with the development of manufacturing, domestic and international trade, transportation infrastructure, and information technology.

The government intends to develop the logistics service market to increase the competitiveness of logistics service enterprises.

It would concentrate on using Vietnam’s geographic advantages, enhancing connectivity, and improving logistics in association with sustainable supply chains to transform Vietnam into a major regional logistics hub. Additionally, emphasis will be placed on promoting digital transformation and technology applications and raising the quality of human resources.

Accordingly, ministers, heads of ministerial-level agencies, Governmental agencies, and Chairpersons of People’s Committees of provinces and centrally-run cities are required to focus resources on and urgently implement the tasks assigned in Decision No. 221/ QD-TTg.

The Ministries of Industry and Trade, Transport, Finance, and associated organizations should closely monitor the global and regional situation and promptly ascertain the effects on the nation’s economy. 

Development of green logistics

In order to ensure the synchronization of transportation infrastructure and logistics development goals, including logistics centers, inland depots, and bonded warehouses, the Ministry of Transport will be in charge of and coordinate with other ministries, branches, and localities in implementing transportation components in national and regional master plans and provincial plans.

The resolution also aims to promote connectivity between various modes of transportation and maximize cross-border and multimodal transport, decrease costs, and improve the standard of transportation services. 

Goods trading floor will be developed in conjunction with e-commerce for the development of green logistics.

Logistic Services Facilitation

The Ministry of Finance is expected to keep reviewing and removing barriers related to tax laws, taxes, and service charges, to facilitate the provision of logistical services.

The ministry’s responsibilities include working with other ministries and branches to promote trade facilitation initiatives, restructure customs processes, shorten and streamline specialized inspection processes, standardize dossiers, and carry out WTO Trade Facilitation Agreement commitments.

 

Related Posts

Latest Updates

X