Vietnam’s Logistics Sector: Policy Challenges Hinder Growth

“Large trucks need wide roads and clear regulations for fast and efficient transportation.” Mr. Ba, a seasoned truck driver, shared while wiping sweat from his brow. Indeed, inconsistent logistics policies pose significant challenges for Vietnamese trucking companies, leaving them feeling stranded. So, what are the key roadblocks that need to be addressed?

Policy Barriers: A Bumpy Road to Development

In his book, “Removing Barriers for Vietnam’s Logistics Industry,” Mr. Nguyen Van A, an expert at the Transport Economics Research Institute, points out that “The lack of synchronization and inconsistencies in the legal framework for logistics is a major reason why this sector hasn’t reached its full potential.”

In reality, many regulations concerning customs procedures, road and rail transport are overlapping and lack transparency, creating loopholes for corruption. This leads to high logistics costs, extended clearance times, and negatively impacts the competitiveness of Vietnamese businesses in the international market.

Untangling Policy: Solutions for Logistics Takeoff

Addressing the issue of inconsistent logistics policies requires a collaborative effort:

• Improving the Legal Framework: Enacting a comprehensive Logistics Law is crucial. Simultaneously, reviewing, amending, and supplementing relevant regulations to ensure consistency, transparency, and a clear legal framework for businesses is essential.
• Investing in Infrastructure: Upgrading road, rail, inland waterway, and seaport infrastructure is vital. This modernization should focus on creating a seamless, interconnected system that facilitates efficient regional connectivity.
• Leveraging Technology: Promoting the application of information technology in logistics management and operations is key to building a digital logistics ecosystem.
• Enhancing Business Capacity: Supporting businesses in improving management capabilities, adopting advanced technologies, and training a highly skilled workforce to meet market demands is necessary.

Removing these policy roadblocks in the logistics sector will significantly boost its growth, contributing to economic development and enhancing Vietnam’s competitiveness on the global stage.

Policy Adaptation is crucial for transportation companies to adapt to market changes.

Partnering for Progress: XE TẢI HÀ NỘI by Your Side

“XE TẢI HÀ NỘI” is committed to supporting transportation businesses in overcoming challenges. We provide up-to-date information on policies and market trends, and offer a wide range of high-quality trucks to meet diverse transportation needs.

For detailed consultation on trucks tailored to your business needs, please contact us:

• Phone: 0968239999
• Email: [email protected]
• Address: No. TT36 – CN9 Road, Tu Liem Industrial Park, Phuong Canh Ward, Nam Tu Liem District, Hanoi.

Our customer service team is available 24/7 to assist you!

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