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

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