Business

Vietnam needs to have shipping lines to reduce logistic costs

SGGP
According to the Ministry of Industry and Trade, Vietnam's logistics industry has seen rapid development with a growth rate of 13-15 percent per year. Logistics is considered as one the important service industries playing a role in supporting, connecting and promoting the country's socio-economic development.
Vietnam needs to have shipping lines to reduce logistic costs ảnh 1 At the discussion
The statement was made at a discussion on solutions promoting the logistics industry to take advantage of opportunities from the EU-Vietnam Free Trade Agreement (EVFTA) that was held by the Ministry of Industry and Trade, and the Industry and Magazine in Hanoi on September 22.
Vietnam needs to have shipping lines to reduce logistic costs ảnh 2 Deputy head of the Multilateral Trade Policy Department under the Ministry of Industry and Trade, Ngo Chung Khanh speaks at the event.
Logistics acts as a bridge to promote Vietnam’s import and export activities with the export growth rate of about 14 percent and more than 20 percent in the first eight months this year, said Mr. Ngo Chung Khanh, Deputy head of the Multilateral Trade Policy Department under the Ministry of Industry and Trade.
EVFTA is a new generation FTA that the country has a high rate of taking advantage of preferential treatments of the certificate of original (C/O). The high rate of taking advantage of preferential treatments of C/O in 2021 was about 14 percent and is expected to be nearly 25 percent in 2022, he added.
Vietnam needs to have shipping lines to reduce logistic costs ảnh 3 Mr. Tran Thanh Hai, Deputy head of the Export-Import Department of Ministry of Industry and Trade
According to Mr. Tran Thanh Hai, Deputy head of the Export-Import Department of Ministry of Industry and Trade, after the EVFTA was signed, the volume of goods exchanged between Vietnam and the EU has sharply increased, especially textiles, footwear, and fishery. To deliver goods to EU countries at a reasonable cost and in a short time, the role of logistics businesses is very important. In Vietnam, businesses are mainly operated in the sector of delivery and support exporters to implement procedures for export shipment.
Vietnam needs to have shipping lines to reduce logistic costs ảnh 4 Director of Supply Chain Solutions of Bee Logistics Mai Tran Thuat
General Director of Danang Rubber Joint Stock Company, Le Hoang Khanh Nhut said that the expenses for logistics services accounts for a high rate of the total revenue of Vietnamese enterprises. Businesses have to look for transportation services to reduce manufacturing costs because Vietnam does not have shipping lines. The country must develop logistics centers at major ports and invest in shipping lines to logistic costs.

Vietnam needs to have shipping lines to reduce logistic costs ảnh 5 General Director of Danang Rubber Joint Stock Company, Le Hoang Khanh Nhut 

By Van Phuc – Translated by Kim Khanh

Other news