Efficient logistics : a key to Vietnam's competitiveness
Author(s)
Bibliographic Information
Efficient logistics : a key to Vietnam's competitiveness
(Directions in development, . Countries and regions)
World Bank, c2014
- : paper
Available at 15 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Other authors: John Isbell, Monica Isbell, Hua Joo Tan, Wendy Tao
Includes bibliographical references
Description and Table of Contents
Description
Vietnam has attained a strong record of economic growth and poverty reduction since the adoption of market-based economic reforms and pro-poor policies starting in the mid-1980s. Much of this achievement was driven by an untapped, rapidly-growing labour force and the enablement of greater labour participation in higher-productivity sectors of the economy. Yet, as Vietnam has restructured its economic activity towards manufacturing, more mechanised primary sector production and increasingly, services, and as the labour force is projected to expand at a markedly lower rate than before, finding new sources of productivity improvements has become the key to sustaining economic growth going forward.
Improvements in freight logistics can unlock productivity gains across the Vietnamese economy for years to come. The shippers and carriers that operate the supply chains that connect Vietnam to the global economy generally perceive that logistics costs in Vietnam - those incurred when moving, storing and inspecting goods - are more onerous than in peer economies like China, Malaysia and Thailand, even as they are also perceived to be more competitive than those in other developing Asian countries. While many factors may contribute to costly logistics, the main source of underperformance in Vietnam's logistics sector appears to be the inventory-carrying implications of unreliable freight itineraries, unpredictable inspection and clearance procedures and an uncertain planning, legal and regulatory framework. By making commerce more predictable, particularly for regional and inter-continental trade, more efficient logistics can lower the cost of doing business, boost competitiveness, attract investment and generate employment. In short, efficient logistics can become a driver of lasting growth.
Directed at industry practitioners and policy makers alike, this report highlights five key initiatives to improve the reliability and cost-effectiveness of transportation and logistics in Vietnam's domestic and international supply chains. These include: (i) modernising the customs system more broadly to enable goods clearance in a consistently timely manner; (ii) enhancing regulatory transparency to minimise discretion in the regulation of commerce; (iii) promoting multimodal transport corridor planning; (iv) enhancing competition and professionalism in the trucking industry; and (v) deploying capacity more strategically at major gateways, particularly at Cai Map-Thi Vai.
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