Logistics firms urged to sharpen competitiveness
VOV.VN - Local logistics firms have been advised to step up effort aimed at boosting their productivity, service quality, and competitiveness amid current difficulties due to global economic instability.
Tran Thanh Hai, deputy director of the Import-Export Department under the Ministry of Industry and Trade (MoIT), said that this year the logistics sector has greatly progressed, including the completion of a legal framework in the field.
At the same time, the system of ports, warehouses, and delivery serving import-export activities has both upgraded and expanded.
However, Hai said that domestic logistics firms continue to face limitations in both capital and human resources scale, as well as experience in international operations, while their linkages remain poor. Despite this, they still have many advantages compared to their foreign rivals thanks to the ownership of infrastructure and assets serving logistics activities, as well as an understanding of the business habits of local customers, Hai emphasised.
He underlined the need for Vietnamese logistics business to renovate themselves and change their business model towards a greener direction, thus enhancing their general competitiveness and ensuring their sustainable development.
This year, the World Bank (WB) has placed Vietnam in 43rd position out of 139 economies in terms of Logistics Performance Index (LPI), up from the 53rd position in 2010. In terms of the region, the country is among five leaders in the field together with the Philippines, Singapore, Malaysia, and Thailand.
The nation has also been ranked in the top 10 places in the 2023 Agility Emerging Markets Logistics Index compiled by Agility, one of the world’s top freight forwarding and contract logistics providers. Indeed, it came fourth in the world in terms of international logistics opportunities, whilst being considered the country with the highest potential for logistics development in Southeast Asia.
Deputy Minister of Industry and Trade Phan Thi Thang said that in the time ahead, the Ministry will continue to co-ordinate with relevant ministries and sectors to collect requests and proposals from localities, associations, and businesses in the logistics sector inside and outside the country. They will submit a report to the Government and the Prime Minister to ask for adjustments, supplementations, and completion of relevant mechanisms, policies, and regulations, thereby creating a favourable legal corridor for the domestic logistics sector to renovate and develop in a fast and sustainable fashion.
