Creating favourable business environment for logistics activities

by NDO24 November 2019 Last updated at 10:14 AM

At the forum. (Credit: VNA)
At the forum. (Credit: VNA)

VTV.vn - It is necessary to improve the legal framework and create a healthy and open business environment for logistics activities to boost the sustainable development of Vietnam’s logistics sector, Deputy Prime Minister Vuong Dinh Hue has said.

The government official made the remark at the Vietnam Logistics Forum 2019 themed “Logistics Adds More Value to Agricultural Products” opened in Da Nang on November 23.

The event, jointly held by the Ministry of Industry and Trade, the People’s Committee of Da Nang, the World Bank and the Vietnam Economic Times, also saw the presence of Minister of Industry and Trade Tran Tuan Anh, World Bank Country Director for VietnamOusmane Dione, logistics firms from Vietnam, Laos, Cambodia, China, Thailand, Singapore, and others.

Minister Tran Tuan Anh said that Vietnam’s logistics sector has maintained a growth rate of 13-15% per year thanks to the growth of the domestic economy and import-export activities.

Thus, the forum will suggest several contents for authorised agencies, sectors and logistics enterprises to take advantage of the benefits from the international integration process, Anh noted.

Two discussion sessions entitled “Logistics connects the East-West economic corridor” and “Sharing economy in logistics” will also included as part of the forum.

The Vietnam Logistics Report 2019 will also be announced at the forum.

According to the World Bank report on Logistics Performance Index (LPI) released on July 24, 2018, Vietnam ranked 39th out of 160 surveyed countries, up 25 places compared to 2016 and ranked third among ASEAN countries.

The development of the transportation and logistics sectors will create conditions for Vietnam to become a new production centre in the region with high labour productivity and competitiveness.

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