Vietnam to be key logistics, trade hub of WLP network due to location
04 Mar 23 2 min read
The possibility of strengthening cooperation on logistics between Vietnam and the United Arab Emirates (UAE) was also discussed at the event.
WLP is designed to smoothen the flow of global trade, unlock market access and provide economic efficiencies to members. Enabled by key logistics partners such as airports, ports, and customs, WLP offers financial and non-financial benefits to traders and freight forwarders as a reward for increasing trade.
Vietnam is listed among 29 regional logistics and trade hubs of the programme from May 2021, with five businesses becoming its partners.
- Drewry Index soars; container freight rates up 11% this week
- US cotton exports decline from previous week: USDA
- Trans-Pacific air cargo market set for busier summer: Xeneta
- Vietnam’s IIP expands by 6% YoY in Jan-Apr 2024: GSO
- Vietnam on rough recovery trajectory in Apr 2024: HSBC report
- Vietnam and Australia join forces to combat customs violations
UAE ambassador to the country Bader Abdulla Al Matrooshi said that his kingdom is one of the largest trade partners of Vietnam in the Middle East and trade between the two sides is expected to increase through the improvement of trade and economic interests of WLP signatories, thus drawing more partners, according to a report in Vietnamese media outlet.
Twenty two enterprises offering logistics services in Vietnam have registered to participate as members of the WLP programme till now.
Fibre2Fashion News Desk (DS)
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