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A service for international trade professionals · Wednesday, July 10, 2024 · 726,408,374 Articles · 3+ Million Readers

Việt Nam holds significant potential to emerge as a global and regional logistics hub

VIETNAM, July 9 - HÀ NỘI — Prime Minister Phạm Minh Chính has proposed the International Federation of Freight Forwarders Associations (FIATA) provide Việt Nam's logistics sector with workforce training through expanded training and capacity building programmes.

During a reception in Hà Nội on Tuesday for FIATA President Turgut Erkeskin, PM Chính lauded FIATA's ongoing support for the Việt Nam Logistics Business Association (VLA) in hosting the FIATA World Congress 2025 in Hà Nội.

He highlighted Việt Nam's robust logistics sector's average annual growth rate of 14-16 per cent, saying it was instrumental in propelling Việt Nam's total export-import turnover to nearly US$700 billion in 2023. He also commended FIATA's role in fostering collaboration between the VLA and the global logistics community.

As the Vietnamese Government is building a development strategy for Việt Nam's logistics services for the 2025-35 period, with a vision to 2045, he asked FIATA to share information and provide support and advice regarding digital transformation, green transition, and solutions to developing logistics in agriculture and industry.

He also highlighted the importance of developing the maritime fleet and economic-trade transport corridors, and providing technical assistance to help Việt Nam finalise its National Logistics Development Strategy in 2024.

According to him, the Vietnamese Government will consider establishing a National Steering Committee on Logistics Services with a competent apparatus capable of assisting the cabinet in directing and accelerating the development of this crucial sector. Focus is also given to strategic infrastructure for logistics and quality workforce training.

The Vietnamese Government will work closely with domestic and foreign partners to create favourable conditions for economic, investment, trade and service cooperation activities, with a particular emphasis on developing logistics services to maximise benefits for all parties involved in the spirit of harmonising benefits and sharing risks, he said.

Erkeskin, in reply, believed that the Vietnamese Government, ministries and agencies will actively contribute to the success of the FIATA World Congress 2025.

Praising Việt Nam's logistics development strategy for the 2025-2035 period with a vision to 2045, especially its focus on digital transformation, green transition, and achieving net-zero emissions by 2050, he said Việt Nam holds significant potential to emerge as a global and regional logistics hub, and suggested the pooling of all social resources to achieve this goal. — VNS

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