The event saw the attendance of Politburo member, Secretary of the Hanoi Party Committee and Head of the city delegation of National Assembly deputies Vuong Dinh Hue; member of the Party Central Committee (PCC), Deputy Prime Minister Trinh Dinh Dung; PCC member, Minister of Industry and Trade Tran Tuan Anh; Acting Country Director for the World Bank in Vietnam Stefanie Stallmeister, leaders of Hanoi authorities, and more than 400 transport and logistics businesses.
Speaking at the opening ceremony, Minister of Industry and Trade Tran Tuan Anh highlighted the important role of the Vietnam Logistics Forum 2020 as the global supply chains have been disrupted under the COVID-19 pandemic impacts.
He stated that in the first ten months of the year, Vietnam's import-export turnover hit US$439 billion, a year on year increase of 2.62%. Of the figure, export turnover reached US$229.7 billion, up 4.7%.
The results proved Vietnam's economic vitality, he stressed.
The implementation of free trade agreements in the coming time would also increase pressure on domestic manufacturing and service industries, including logistics, Mr. Anh noted, asking for stronger measures to improve competitiveness and meet integration requirements.
The forums is expected to offer the opportunity for logistics businesses, associations and experts to discuss with Vietnamese ministries and agencies on ideas and measures to reduce logistics costs and improve competitiveness in the context of international economic integration.
Addressing the event, Secretary of the Hanoi Party Committee Vuong Dinh Hue said that the forum is under a cooperation program between Hanoi authorities and the Ministry of Industry and Trade.
According to him, in 2020, Hanoi's industrial production index is estimated to increases by 4.7%; total goods retail sales is estimated to surge over 10%; GRDP is estimated to attain a growth rate of over 4%; and tax collection for State budget is expected to reach more than VND280 trillion.
The Hanoi Party chief said that the over the past eight years, the forum has become a prestigious event gathering logistics firms, experts and associations.
Entitled “Reduce logistics cost, strengthen competitiveness in the context of international economic integration”, this year’s holding is consistent with the development orientation of the logistics service industry of Vietnam and Hanoi, said Hue.
Hanoi targets to become a major trade hub of the country and Southeast Asia by 2025, the Party official stated, adding the municipal authorities has taken various measures to attract investment in developing commercial and service facilities, including logistic infrastructure.
In a bid to fulfill the goals, Secretary Vuong Dinh Hue pointed out seven proposals in the forum, including enhancing regulatory work of public administration agencies, simplifying administrative procedures, building modern facilities, promoting start-up activities, encouraging firms to strengthen technology application in logistics, and others.
He also requested the Government to authorize the business of customs agents so as to professionalize customs clearance services, save costs for firms, affirming that Hanoi is ready to coordinate with the Ministry of Industry and Trade to test this model in the city.