According to a report by the World Bank, in 2018, Vietnam’was ranked 39th out of 160 countries and territories under consideration in the Logistics Performance Index (LPI), up 25 places against 2016 and staying third among ASEAN countries, Dung informed.
However, there have been still shortcomings and limitations in the field, he noted, adding Vietnam's logistics costs are so high, weakening the competitiveness of Vietnamese goods in particular, and the economic competitiveness of Vietnam in general.
Regarding the cause of high logistics costs, the Government official pointed to the lack of efficient cooperation among various sectors, and poor transport, trade and IT infrastructure which affect the country’s connectivity with its regional peers.
Especially, the competitiveness of local logistics businesses remains weak. Currently, Vietnam does not have large-scale logistics firms that could provide a wide range of logistics services, he underlined.
According to Mr. Dung, Vietnam is set to increase the growth rate of logistics services by 15 - 20%, accounting for 8 - 10% of GDP in Vietnam.
He asked ministries, sectors and localities, based on their functions and assigned tasks, to elaborate detail plans to implement action programs on enhancing the competitiveness and development of logistics services in Vietnam by 2025 issued by the PM at Decision No. 200/QD-TTg dated February 14, 2017.
Ministries and sectors need to focus on perfecting regulations, mechanisms and policies covering logistics, along with taking measures in field of tax, fees and customs so as to create favorable conditions for citizens and businesses.
Meanwhile, the Ministry of Transports is requested to speed up the progress of major traffic works, such as the North-South expressway from Lang Son to Ca Mau, Long Thanh airport, the upgrading of runways and taxiways at Noi Bai and Tan Son Nhat International Airports, among others.
Deputy PM Trinh Dinh Dung underscored the importance to strengthen cooperation in the field, improve the qualification of human resources, enhance the application of IT, and mobilize available resources for production and business.
Addressing the event, acting World Bank Country Director in Vietnam Stefanie Stallmeister described logistics as a key to increase Vietnam's competitiveness and promote inclusive growth.
According to her, Vietnam jumped 25 spots in the World Banks's Logistics Performance Index 2018, ranking 39th among 160 countries.
Pointing out shortcomings in logistics development, Stefanie Stallmeister urged Vietnam to work hard to improve efficiency of the logistics sector.