Hanoi (VNA) - The World Bank andVietnam’s Ministry of Transport have launched the Vietnam Logistics StatisticalSystem Project.
Designed to establish a national system forcollecting, processing and publishing transport and trade logistics statistics annually,the project is part of the World Bank’s support to the Vietnamese Government’sintegrated programme for trade facilitation and logistics development.
“Developing a robust logistics data systemis crucial for designing and implementing effective policies to enhanceVietnam’s logistics performance and competitiveness,” said Sebastian Eckardt,Lead Economist for the World Bank in Vietnam.
Financed by the multi-donor Trust Fund forStatistical Capacity Building and managed by the World Bank, the project alsoprovides support for project implementation, through a partnership between theWorld Bank, the International Transport Forum, the Organisation for EconomicCooperation and Development and the Australia-World Bank Partnership Programme.
In 2016, Vietnam ranked 64th out of 160countries in the World Bank’s Logistics Performance Index and fourth in ASEANafter Singapore, Thailand and Malaysia.
Vietnamese firms mainly provide domesticlogistics services such as transport service, airport, seaport and warehouseservices and cargo loading and unloading services.
Few firms provide international logisticsservices through acting as agents for foreign enterprises.-VNA
Minister of Industry and Trade Tran Tuan Anh has stressed the need for logistics firms to intensify connectivity and expand financial scales in order to further develop the sector.
Vietnam’s location with a network of cargo ports, alongside a large domestic market, leaves room for both domestic and foreign logistics firms to expand business and enter logistics M&A deals.
Vietnam needs to simplify its visa applications and procedures for foreign companies to enter the country so the logistics industry can attract more foreign business partners, representatives of logistics companies have said.
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Illustrative image (Source: VNA) 
