Vietnam currently ranks fifth in the ASEAN region in terms of logistics efficiency

17/04/2024 09:20

In 2023, Vietnam ranked 43rd in the Logistics Performance Index (LPI), belonging to the top 5 ASEAN countries. The average annual growth rate of Vietnam's logistics sector is from 14% to 16%, significantly contributing to the total import and export turnover of Vietnam in 2023 reaching 638 billion USD.

Mr. Nguyen Anh Son, Director General of the Import and Export Department (Ministry of Industry and Trade), stated that with its strategically located position in a dynamically developing region of the world where trade flows are highly concentrated, coupled with deepening integration into the global economy, Vietnam is experiencing double-digit growth rates in both import-export and e-commerce. Consequently, Vietnam is becoming an attractive destination for logistics activities in the Asia-Pacific region.

According to the World Bank's report published in 2023, Vietnam ranks 43rd in the Logistics Performance Index (LPI), belonging to the Top 5 in ASEAN after Singapore, Malaysia, Thailand, and sharing the same position with the Philippines.

Vietnam's logistics growth rate averages from 14% to 16% annually, making a significant contribution to bringing Vietnam's total import and export turnover in 2023 to 638 billion USD.

Vietnam's logistics services not only play a crucial role in the country's economic development but also contribute significantly to establishing an efficient transportation network and connecting domestic trade with international markets.

The Government, the Prime Minister, along with various ministries, sectors, and localities, consistently prioritize leadership, direction, support, and the advancement of synchronized solutions to optimize logistics costs, enhance competitiveness, and establish a favorable environment for the development of the logistics service industry.

To further promote this sector, streamline management mechanisms, and create conditions for the robust development of logistics services, in Decree 96/2022/ND-CP dated November 29, 2022, the Government assigned the Ministry of Industry and Trade as the agency responsible for state management of logistics services.

According to the leadership of the Import-Export Department, recently, on June 30, 2023, the Ministry of Industry and Trade issued Circular No. 15/2023/TT-BCT amending and supplementing certain circulars of the Minister of Industry and Trade guiding the functions, tasks, and powers of the Ministry of Industry and Trade. Accordingly, it supplements the functions and tasks of the Department of Industry and Trade regarding logistics services.

Mr. Tran Thanh Hai, Deputy Director of the Import-Export Department (Ministry of Industry and Trade), stated that currently, 45 provinces and cities have issued plans for the development of logistics services (implementing Decision 200/221); 47 provinces and cities have reported on the implementation of logistics activities in 2023; 9 provinces and cities have organized investment promotion conferences for the development of provincial logistics services; 5 provinces and cities have conducted training on logistics knowledge for local officials.

According to the Deputy Director of the Import-Export Department, currently, most localities have issued plans for implementing Decision 200/221; some localities have shown proactive efforts in implementation; the level of interest and understanding of logistics varies, especially at the highest leadership level of the localities; integration of logistics center planning into local development plans.

Regarding the state management role in the field of logistics services at the local level, Mr. Tran Thanh Hai stated that, according to Circular No. 15/2023/TT-BCT, the Department of Industry and Trade is responsible for leading and coordinating with departments, agencies, and relevant units to advise on the construction and organization of the implementation of mechanisms, policies, laws, plans for developing logistics services, and programs, projects for developing logistics services in the province. They also coordinate and support departments, committees, sectors, and local associations in developing logistics services and enhancing the capacity of logistics enterprises in the province, as well as promoting, disseminating, and developing markets, and connecting logistics service enterprises with production and import-export enterprises in the area.

Source: baove.congly.vn