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Vietnam Targets Lower Logistics Costs to Boost Global Competitiveness
Vietnam aims to reduce logistics costs to below 12% of GDP by 2030 and develop international-standard logistics hubs. This initiative goes beyond transport cost reduction, focusing on restructuring the logistics network, enhancing multimodal connectivity, digitalizing supply chains, and maximizing port utilization to leverage its maritime strengths for economic growth.
Resolution 20 of the 14th Party Central Committee on building and developing Vietnam into a strong maritime nation sets a target of reducing logistics costs to below 12% of GDP by 2030 and developing five to six modern logistics centres of international standards. Meeting these targets will require more than simply lowering transport costs. Vietnam needs to restructure its logistics network, strengthen multimodal connectivity, digitalise supply chains and make better use of its seaports, turning its maritime advantages into a powerful driver of economic growth. Logistics reform key to turning maritime advantages into competitiveness: insiders Rail freight opens new logistics links between Vietnam, China, ASEAN TikTok’s 980 mln USD Ho Chi Minh City logistics project secures investment certificate Can Tho, Guangxi seek collaboration in logistics, supply chains
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