Vietnam has become an increasingly attractive destination for foreign investors. The international manufacturing sector is moving to Vietnam and more FDI is flowing into the country, showing growing confidence among investors in the market, according to a representative from Agility – a leading global logistics group.
Vietnam’s position in the Logistics Performance Index (LPI) in 2018 rose 25 levels compared to two years ago, jumping to the 39th among 160 surveyed countries, according to the latest report from the World Bank (WB).
The People’s Committee of Ho Chi Minh City has approved a policy that would help attract experts and scientists, particularly in the fields of IT, biotech, logistics, nanotech, and the support industry, in the 2018-20 period.
Presiding an online meeting about how to reduce logistics costs and how to connect transport effectively with the participation of representatives from agencies, departments, the World Bank and enterprises, Prime Minister Nguyen Xuan Phuc called for sectors' contribution in reducing logistics cost.
In its project to develop logistics till 2025 with the vision to 2030 aiming to shrinking cost, the Department of Industry and Trade in HCMC has planned to build logistics centers in locations with huge consumption market, in production districts or near ports with container terminals.
The weakness of Vietnamese logistics firms is high and uncompetitive costs, some services’ quality is not high while there is a severe competitiveness in the logistics market, according to Vietnam Logistics Association (VLA).