HCM CITY: Logistics and supply chain management have significantly improved in recent years thanks to the Government’s policies as well as the perception of entrepreneurs, according to the Việt Nam Logistics Business Association (VLA).
The logistics sector has enjoyed annual growth rate of 24 per cent in recent years, Đỗ Xuân Quang, VLA deputy chairman said at a conference held in HCM City yesterday to introduce the TILOG-LOGISTIX 2016 exhibition. Recently, the Government has added several institutions to promote logistics development, more investment in ports, highways and airports as well as electronic customs.
It has implemented drastic cuts in administrative procedures, costs and time to facilitate cross-border trade and establish a national single window procedure toward an ASEAN single window, he said. Many Vietnamese logistics providers have made investments in human resource, technology and management skills. As a result, their competitiveness has significantly improved compared to five to 10 years ago, he said. But their preparations for the ASEAN Economic Community and ASEAN+6, which includes ASEAN and six countries, South Korea, Japan, China, Australia, New Zealand and India, have been insufficient compared to their Thai counterparts, he said.
Việt Nam will need more sophisticated logistics infrastructure and services, strong global transportation networks and, especially, value-added logistics solutions, he said. The TILOG – LOGISTIX 2016 will provide good opportunities for Vietnamese logistics providers to update hardware and software logistics services that they lack now, Quang said.
Duangrat Udomsomporn, senior manager portfolio of Reed Tradex Co, Ltd., said the event can increase logistic opportunities for Vietnamese entrepreneurs through business networking and best practices in logistics and supply chain management. This would result in more competitive international trade and regional development.
