Tran Thanh Hai, deputy director of the import-export department under the ministry of industry and trade (MoIT), urged enterprises to prepare for uncertainties in the context of the ongoing Russia-Ukraine conflict, natural disasters, diseases or unexpected incidents.

Vietnam will focus on improving its logistics competitiveness and make it a high value-added services sector to promote socio-economic development, according to a recent government decree. A top official noted that 2023 would be a difficult year as the global economy is in recession and inflationary risk would lead to a fall in trade and logistics activities

The logistics industry will be promoted through production, import and export. The drivers would come from transportation and information technology infrastructure development, enhancing the competitiveness of logistics companies and increasing linkages to make the country an important logistics hub of the region, a report in a top Vietnamese media outlet said.

Tax policies and fees would also be reviewed while customs procedures would be simplified to create favourable conditions for logistics services providers.

Green logistics, arising as an important indicator for the sustainable development of the logistics industry, will also be promoted.

An MoIT report found only 31 per cent of logistics enterprises used renewable energy in warehouses operation, 26.8 per cent did not have green development strategies and 35.2 per cent did not have activities related to environmental monitoring.

Fibre2Fashion News Desk (DS)