Vietnam's VLA to develop rankings, evaluate logistics competitiveness

21 Aug '22

1 min read

Pic: Huy Thoai / Shutterstock.com

The Vietnam Logistics Association (VLA) recently said rankings and evaluation of competitiveness of the logistics industry and its businesses will be developed to make it a high value-added service sector. As part of this, the logistics competitiveness index (LCI) —a tool to measure logistics growth level, quality and infrastructure and assess policies of provincial administrations—has been launched, VLA chairman Le Duy Hiep said.

The index will offer a panorama of the sector in different cities and provinces, on the basis of which policymakers can design policies for local development, Hiep said.

According to Le Thanh Ha from the Vietnam Chamber of Commerce and Industry’s legal department, LCI will offer a ranking for each unit and local administration and show where they need to improve, giving policymakers a much-needed overview of the sector.

It will provide insight into and explanation behind gaps among cities and provinces in the growth of logistics, Hiep was quoted as saying by a news agency.

Regulators can refer to the LCI indicators for evaluation of various economic reforms and, in the long run, the index will help cut down logistics costs and support production for export.

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