The logistics industry of Viet Nam had large potential for development, given the heavy investments in infrastructure system including. building and expanding expressways, airports, seaports, and logistics centers.
HA NOI Viet Nam will focus on enhancing the - competitiveness of the logistics industry and make it a high-added value services sector to promote socio- economic development, according to the Government's Decree No 163/NQ-CP issued late last week.
According to Tran Thanh Hai, Deputy Director of the Import-Export Department under the Ministry of Industry and Trade, the logistics industry of Viet Nam had large potential for development, given the heavy investments in infrastructure systems including building and expanding expressways, airports. seaports, and logistics centers.
The heavy investment in infrastructure development was creating significant opportunities for logistics enterprises, Mr. Hai said.
In addition, Vietnam's production and trade was recovering quickly with the country's import-export revenue hitting a new record of US$700 billion this year.
Mr. Hai, however, noted that 2023 would be a difficult year because the global economy was in a recession coupled with high inflationary risk, which would lead to a decrease in trade activities as well as logistics activities.
He urged enterprises to prepare for uncertainties in the context of the ongoing Russia Ukraine conflict, natural disasters, diseases, or unexpected incidents.
To promote the development of the logistics industry, the focus would be placed on promoting the logistics industry development with production, import and export activities. The drivers would come from the transportation and information technology infrastructure development, enhancing the competitiveness of logistics services companies and increasing linkages to make Viet Nam an important logistics hub of the region.
It was also necessary to establish sustainable supply chains, improve the quality of human resources and promote digital transformation and technology application in the logistics industry.
In addition, the policies of taxes and fees would be reviewed while customs procedures would be further simplified to create favorable conditions for logistics services providers.
Source: Aloha International Logistics Company.
