Illustrative photo (Source: VNA)The country is also placed among the top emergingmarkets with a growth rate ranging from 14-16 percent, Deputy Minister of Industry and Trade TranQuoc Khanh said.
The official highlighted in an increase in the numberof logistics firms, and improved logistics services, saying they are theoutcomes of efforts made by both businesses and the Government.
Tranh Thanh Hai, Deputy Director of the MoIT’s Agency of Foreign Trade, said Vietnam’s total export-import revenue in the 2010-2020 period tripled the value recorded earlier.
The logistics sector plays a significant role in thenational economic development, including export-import activities, goodscirculation at home and production, the official said.
He stressed the significance of logistics services insuch localities as Ba Ria-Vung Tau, Ho Chi Minh City, Hai Phong, Hanoi and DaNang, saying they serve as momentum for regional and local socio-economic development.
Hai affirmed that the Government, ministries, agenciesand businesses have always paid attention to cutting logistics costs to improvecompetitiveness of the country and enterprises in particular.
Experts at the workshop shared the view on the needfor the logistics sector to develop high-quality personnel, step up ITapplication and modernise its management and operation methods to reduce costsand improve service quality.
Vietnam’s logistics sector is expected to contribute 5-6percent to the country's GDP, record a growth rate of 15-20 percent and rank 50th in the global LPI by 2025./.
VNA
