Illustrative image (Source: VNA)Hanoi (VNA) - Vietnam’s position in theLogistics Performance Index (LPI) in 2018 rose 25 levels compared to two yearsago, jumping to the 39th among 160 surveyed countries, according to the latest report from the World Bank (WB).
This is the best result of Vietnam since 2007 whenthe WB announced the ranking for the first time.
Representatives from the Ministry of Transport attributedthe result to the improvement of the two indicators of “Logistics Competence”(up 29 levels) and“Tracking and Tracing” (up 41 levels).
The report states that among the lower-middle income countries, large economiessuch as India and Indonesia, as well as emerging economies such as Vietnam and Côted'Ivoire, stand out as top performers by showing a significant jump to a higherrank.
Thetop five logistics performers this year are Germany, Sweden, Belgium, Austriaand Japan.
Among Vietnam’s neighboring countries, Thailand is still ahead, ranking 32nd.
The LPI is the world’s logistics performanceindex released by the WB every two years. It is a unique benchmarkingtool, providing the same measure for more than 160 countries.
It measures performance on trade logistics within a country based on sixindicators, namely the efficiency of customs and border management clearance;the quality of trade and transport-related infrastructure; the ease ofarranging international shipments with competitive price; the competence andquality of logistics services; the ability to track and trace consignments; andthe frequency with which shipments reach consignees within the scheduled orexpected delivery time.
The LPI is a crucial part of global efforts to better understandlogistics performance in the context of increasingly complex supply chains.
Thanks to the ranking,enterprises can get insight into logistics systems of each country, thuscalculating the efficiency for their investment and business
In 2016, Vietnam ranked 64th out of the 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 handlng services.
Few firms provide international logisticsservices through acting as agents for foreign enterprises.-VNA
In 2016, Vietnam ranked 64th out of the 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 handlng services.
Few firms provide international logisticsservices through acting as agents for foreign enterprises.-VNA
VNA
