This is one of the objectives of the Prime Minister prescribed at the Decision No. 200/QD-TTg dated February 14, 2017 on approving the action plan for improvement of competitiveness and development of Vietnam’s logistics services by 2025.
Accordingly, logistics is an important service sector in the overall structure of the national economy, plays the role in support, connection and improvement of the social – economic development of the whole country as well as that in each locality, and takes part in the improvement of the economic competitiveness. The Government shall take the role in support and creation of convenient environment for improving the competitiveness and development of Vietnam’s logistics service sector. At the same time, develop air logistics centers with attaching a special importance to prolonged logistics centers outside of airports to handle special commodities; Focus on calling for investment in construction of type-I logistics centers in Hanoi City and Ho Chi Minh City; Prioritize the allocation of state funding to research, transfer and application of advanced technologies to the development of logistics services; improve private sector involvement in the development of logistics services…..
By 2025, the proportion of the logistics sector in GDP will reach 8-10%, the service growth will reach 15-20%, the proportion of outsourcing logistics services will reach 50-60% , logistics costs will reduce equivalently to 16-20% of GDP, ranking 50 or above across the world.
This Decision takes effect on the signing date.
Source: http://english.luatvietnam.vn/default.aspx?tabid=720
