The launch of the project demonstrates the potential of Vietnam#s trade and logistics

Stocks and Financial Services Press Releases Friday May 18, 2018 09:18
Ha Noi--18 May--World Bank

Ha Noi, May 15, 1818 - The World Bank and the Ministry of Transport and Transport jointly held a workshop launching the "Logistics and Logistics Statistics" project to highlight the importance of Strengthen transport and logistics capacity, thereby enhancing the competitiveness of Vietnam.

The project aims to develop a national system to collect, process and publish transport and logistics statistics and is part of the World Bank's support to the logistics development and facilitation program. The Government of Vietnam.

Although public investment in infrastructure has increased significantly recently, trade-related infrastructure remains unable to meet export growth. A number of factors, such as weak infrastructure, loose connections to transport, especially corridors linking key value chains with major export markets, and high transport costs Low quality of transport and logistics are hindering the commercial potential.

In his opening remarks, Sebastian Eckardt, World Bank Country Economist in Vietnam, emphasized: "The creation of a sustainable logistics data system plays an important role in developing and implementing The current policy is to improve the performance and competitiveness of Vietnam logistics. "

Funded by the Multilateral TFB and managed by the World Bank, the project also provides technical assistance during the implementation of the project within the framework of cooperation between the World Bank and the World Bank. The International Transport Forum (ITF), the Organization for Economic Co-operation and Development (OECD) and the World Bank-Australia Cooperation Program.

The workshop also shared some of the practices and elements of an effective logistics statistics system, discussing the importance of reliable transport data and logistics in Vietnam. Data will be used for strategic planning purposes, building and monitoring the implementation of policies on transport infrastructure development, trade and logistics, and help logistics companies access the database. Trust for the development of its business.

For more information, please visit www.worldbank.org.vn

Latest Press Release

Standard Chartered Bank: Businesses and Investors Expect Government to Step up Fiscal Spending to Boost Economy

Businesses and investors expect the Thai government to increase the fiscal spending to boost the local economy, according to Standard Chartered Bank's recent local business and investor survey. Dimmed by external factors and a lack of fresh domestic...

Photo Release: Bangkok Bank won the Alpha Southeast Asia Best Trade Finance Bank in Thailand for the 13th consecutive year

Bangkok Bank Vice President of Shared Operation Vorachai Wattanaparadorn (center), Vice President of Office of President Supitcha Phitthayanont (right) and Bangkok Bank Singapore Branch Vice President for Operations Eric Tan Kiam Him (left) received the...

SET to include AWC in SET50 and SET100 from October 16

The Stock Exchange of Thailand (SET) will add newly listed Asset World Corp pcl (AWC), which made its debut trade on October 10, 2019, in the calculation of the SET50 Index and the SET100 Index, effective from October 16, 2019. Kiatnakin Bank pcl (KKP)...

QNB Group: Financial Results for the Nine Months Ended 30 September 2019

QNB Group, one of the leading banks in the Middle East, Africa and Southeast Asia (MEASEA) region, announced its results for the 3rd quarter ended 30 September 2019. For the nine months ended 30 September 2019, Net Profit topped QAR11.2 billion (USD3.1...

SCB and Digital Ventures offer unprecedented B2P food business service for Minor Food

Siam Commercial Bank and its financial innovation arm Digital Ventures Co., Ltd. have been entrusted with providing unprecedented food industry Blockchain Solution for Procure-to-Pay (B2P) platform to Thailand's largest food service and franchise...

Related Topics