HANOI — A comprehensive strategy aimed at enhancing Vietnam’s logistics services by 2030, with an extended outlook to 2050, is under development, with the State planning to refine logistic-related institutions and invest in infrastructure. This initiative is designed to foster the growth of the logistics sector, as detailed in a draft strategy presented by the Ministry of Industry and Trade (MoIT) during a Hanoi workshop on Wednesday. Trần Thanh Hải, Deputy Director of MoIT’s Import-Export Department, outlined the strategy’s focus on strengthening the internal capabilities of enterprises and the importance of training high-quality human resources for the industry. The strategy envisions the sustainable development of Vietnam’s logistics services, aiming for high-quality, high-value services that are competitive both regionally and globally.
Key targets for 2030 include increasing the logistics sector’s contribution to the national GDP to 6-8% and achieving a 60-70% rate of outsourced logistics services. Additionally, Vietnam aims to improve its ranking to 45th on the Logistics Performance Index (LPI). By 2050, the sector’s GDP contribution is expected to reach 12-15%, with outsourcing rates rising to 70-90%, and a LPI ranking of 30th. Lã Hoàng Trung, Director of the Postal Department under the Ministry of Information and Communications, emphasized the need for coordination between the Ministry of Industry and Trade and local governments to maximize the development benefits of logistics activities.
Lê Quang Trung, Vice Chairman of the Vietnam Logistics Business Association (VLA), lauded the draft strategy, stressing the importance of synchronicity and connectivity in the industry’s development. He highlighted the necessity for strategies focused on deep-water and international transshipment ports, free trade zone expansion, and international cargo connections. Quang Trung also pointed to the global trend towards green supply chain management, advocating for comprehensive solutions including setting standards, providing incentives, and enhancing international cooperation.
Phạm Hoài Chung, Deputy Director of the Institute of Transport Strategy and Development under the Ministry of Transport, called for the draft to specify methods for further integrating technology into logistics to achieve significant advancements, particularly in transportation, which dominates logistics costs. He underscored the importance of identifying regions with the potential to become national logistics hubs and advocated for enhanced connectivity within Vietnam and internationally. Chung also emphasized the strategic role of rail transport in mitigating maritime transport risks and suggested incorporating the East-West corridor into the logistics development strategy, given Vietnam’s extensive coastline.
Trần Duy Đông, Director of MoIT’s Import-Export Department, reflected on the progress made since the implementation of the action plan to enhance the competitiveness of Vietnam’s logistics services by 2025. He noted the industry’s substantial contribution to the economy, particularly in exports, production, and domestic goods distribution. From 2017 to 2023, Vietnam’s total import-export turnover increased from US$428.1 billion to $681.1 billion, marking an average annual growth rate of about 8.4%. With over 34,000 businesses operating in the logistics sector, Vietnam is poised for further growth and efficiency improvements in this crucial industry.
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