Measures sought to remove bottlenecks to reduce logistics costs
Hanoi, Oct. 27 -- Amid the restructuring of global trade, shifting supply chains and intensifying competition, logistics has become a decisive factor in national economic competitiveness rather than merely a support service for production and business. With logistics costs estimated at 16-17% of gross domestic product (GDP), Vietnam is facing a major challenge that it must ensure its goods reach markets faster and at lower costs while meeting increasingly stringent international trade standards. Road transport accounts for 80-90% of logistics costs In recent years, Vietnam has expanded its transport infrastructure, including expressways, deep-water seaports, transport hubs, warehouses and distribution centres, facilitating goods circulati...
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