HCM City leads nation in logistics competitiveness in 2022
The LCI will play an important role in promoting logistics development in the region and in Vietnam as a whole. (Photo: VNA) |
The report also highlighted that infrastructure, human resources, logistics service providers, logistics service users and regulatory frameworks are important to shape up a sound logistics system, he added.
The LCI, an index that evaluates the development speed, quality, infrastructure, and policies of municipal and provincial authorities for logistics service businesses in Vietnam, will be conducted yearly, providing an insight into localities’ logistics industry based on five pillars namely economy, logistics services, regulatory frameworks – policies, logistics infrastructure, and workforce.
According to VLI Director Ho Thi Thu Hoa, the LCI provides a foundation for organisations and enterprises to outline business strategies and make wise investment decisions so as to improve competitive edge.
Furthermore, the index will play an important role in promoting logistics development in the region and in Vietnam as a whole, she said.
Vietnam is now home to 4,000 logistics firms, 70% of them are located in Ho Chi Minh City and neighbouring localities. Most of the businesses are operating at a small scale, with 90% of them having less than 10 billion VND (over 413,800 USD) in capital, and 1% more than 100 billion VND.
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