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Saturday, June 22, 2024

HCMC tops logistics competitiveness index

The Saigon Times

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HCMC – HCMC has secured the top spot in logistics competitiveness across Vietnam, according to the Logistics Competitiveness Index (LCI) report.

The report, conducted by the Vietnam Logistics Business Association (VLA), the Vietnam Logistics Research and Development Institute (VLI), and Dream Incubator (DI), evaluated 26 provinces and cities. Criteria included gross regional domestic product (GRDP), cargo volume, and the number of logistics businesses.

HCMC scored highest, with a rating ranging from 43.3 to 74.3 out of 100, underling the city’s exceptional performance in technology integration, infrastructure development, service quality, and legal frameworks pertaining to logistics.

It was followed by Haiphong City and Binh Duong Province, securing the second and third positions in the ranking, respectively.

The LCI serves as a benchmarking tool created to assess and give an overview of the country’s growth rate, quality, infrastructure, and provincial and municipal policies in the logistics sector, thereby cutting logistics costs, promoting production and export, and attracting foreign investment.

The LCI report is designed to highlight and explain the differences between provinces and cities in their performance on trade and import-export logistics and, as a result, help domestic and international businesses determine where to expand their businesses.

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