At the Vietnam Logistics Forum 2024, the Prime Minister affirmed the importance of the logistics industry in the country's socio-economic development. He has set ambitious goals such as reducing logistics costs, increasing the industry's contribution to GDP, and improving Vietnam's position on the world logistics map.
To achieve the above objectives, the Government has set out a series of comprehensive solutions, including:
- Infrastructure development: Strong investment in modern transportation systems, warehouses, and logistics centers.
- Technology application: Promote the application of information technology and automation to improve the efficiency and competitiveness of the industry.
- Human Resource Development: Train and attract talent to meet the increasing demand of the market.
- Improve institutions: Build a transparent legal framework, create a favorable business environment.
- International cooperation: Strengthen cooperation with countries and international organizations to learn from experience and attract investment.
Together with the Government, businesses, localities and international organizations also play an important role in promoting the development of the logistics industry. Businesses need to actively invest and innovate, and localities need to create favorable conditions for logistics activities.
Vietnam has a lot of potential to develop the logistics industry such as a favorable geographical location and an abundant labor force. However, the industry also faces many challenges such as a shortage of high-quality human resources, complicated administrative procedures and increasingly fierce competition.
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