Vietnam has set a target to increase the contribution of the logistics sector to gross domestic product (GDP) to 8-10% by 2025 under an action plan recently approved by the prime minister. |
 |
The government also aims to reduce the proportion of logistics costs to GDP to between 16% and 20% and to make Vietnam one of the 50 top-performing countries in the World Bank’s global rankings. From now until 2025, Vietnam will focus on attracting investment in logistics, build regional- and international-level logistics centres, and enhance ties between Vietnam and other countries, turning Vietnam into a regional logistics hub. The government will also increase support to form strong logistics firms that can compete domestically and internationally. In order to realise the above-mentioned goals, the government has outlined six major groups of tasks, including fine-tuning logistics policies, improving logistics infrastructure and enhancing the logistics sector’s human resources quality. The government will call for investment to build first-class logistics centres in Hanoi and Ho Chi Minh City, and second-class ones in Lang Son, Lao Cai, Hai Phong, Da Nang, Quy Nhon and Can Tho. Furthermore, promotional activities will be stepped up to attract goods from Laos, Cambodia, Thailand and southern China to be transported via Vietnam to other countries and vice versa. |
Vietnam targets logistics contribution to GDP at 8-10% by 2025
Vietnam has set a target to increase the contribution of the logistics sector to gross domestic product (GDP) to 8-10% by 2025 under an action plan recently approved by the prime minister.
Source: Nhan Dan
