October 15, 2019 20:18

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Vietnam’s Logistics Performance Index to be increased by 2025

15:18 | 08/04/2019

VCN – The Ministry of Industry and Trade (MoIT) has set a target to raise Vietnam’s ranking in the World Bank’s Logistics Performance Index (LPI) by five to 10 places by 2025.

vietnams logistics performance index increased 10 levels in 2025 Plan aims to raise Vietnam’s position in global logistics rankings
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vietnams logistics performance index increased 10 levels in 2025
Vietnam’s logistics costs are still appreciated. Source: Internet

The MoIT has just issued Decision No. 708 / QD-BCT, approving the plan for improving Vietnam’s LPI.

In 2018, Vietnam ranked 39th in the LPI, significantly contributing to improving the business environment, cutting costs, improving competitiveness in providing logistics services and improving the capacity for innovation and creation.

In order to achieve the target, the plan specifies 49 tasks which are associated with the roles of ministries, sectors and localities and divided into task groups closely related to the 6 LPI indicators. These include a task group on upgrading infrastructure; improving delivery capabilities; improving capacity and quality of logistics service provision; applying technology and optimising traceability; cutting time and costs; and improving customs clearance efficiency.

The Ministry of Finance has been assigned the following tasks: promoting the implementation of the National Single Window, increasing the number of online public services at level 4; accelerating the implementation of ASEAN Single Window and formally connecting with non-ASEAN countries; strengthening the reform of specialised inspections for import and export goods towards abolishing or simplifying unnecessary procedures, conducting risk assessment and changing from pre-inspection into post inspection; issuing co-ordination regulations, and approving the mutual recognition of  specialised inspection results for goods among countries signing trade agreements with Vietnam.

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The Import and Export Department is the focal point of the Ministry of Industry and Trade presiding over and co-operating with other ministries, sectors and localities in deploying, directing, inspecting and supervising the implementation of this plan.

 

 

By Huyen Trang/ Thanh Nguyen