The country is also placed among the top emerging markets with a growth rate ranging from 14-16 percent, Deputy Minister of Industry and Trade Tran Quoc Khanh said.

Vietnam’s logistics sector is expected to contribute 5-6 percent to the country's GDP by 2025.

The official highlighted in an increase in the number of logistics firms, and improved logistics services, saying they are the outcomes of efforts made by both businesses and the Government.

Tranh Thanh Hai, Deputy Director of the MOIT’s Agency of Foreign Trade, said Vietnam’s total export-import revenue in the 2010-2020 period tripled the value recorded earlier.

The logistics sector plays a significant role in the national economic development, including export-import activities, goods circulation at home and production, the official said.

He stressed the significance of logistics services in such localities as Ba Ria-Vung Tau, Ho Chi Minh City, Hai Phong, Hanoi and Da Nang, saying they serve as momentum for regional and local socio-economic development.

Hai affirmed that the Government, ministries, agencies and businesses have always paid attention to cutting logistics costs to improve competitiveness of the country and enterprises in particular.

Experts at the workshop shared the view on the need for the logistics sector to develop high-quality personnel, step up IT application and modernise its management and operation methods to reduce costs and improve service quality.

Vietnam’s logistics sector is expected to contribute 5-6 percent to the country's GDP, record a growth rate of 15-20 percent and rank 50th in the global LPI by 2025.

Vietnam's footwear exports rake in US$11.27 billion

It was amongst key products of Vietnam posting the strongest growth in the period.

Export turnover up 31.2 percent year on year in seven months

(BGO) – The export turnover in Bac Giang province was estimated at 885 million USD in July, up 79.8 percent against previous month and over 7.2 billion USD in accumulation of 7 months, up 31.2 percent year on year, reported the provincial Department of Industry and Trade.

First batch of Kim Ngan vinegar exported to Europe

(BGO) – The first batch of chilli garlic vinegar made by Ngan Giang Trading Company Limited in Luc Ngan district (Bac Giang province) were exported to the Republic of Czech on July 25, helping the business diversify the product and gradually open the market.  

Son La exports longan to EU and UK markets

Son La province held a ceremony on July 21, in Song Ma district, to announce the decision granting certificates of trademark registration for the "Son La longan" and to cut the ribbon to send off the batch of Song Ma-Son La longans to the EU and UK markets for 2021.

UK emerges as a potential export market for Vietnamese fruits and vegetables

With an annual import value of vegetables and fruits amounting to more than £6 billion (equivalent to US$8.4 billion), the United Kingdom is emerging as a large potential export market for Vietnamese fruit and vegetables.

Source: NDO/VNA