The Vietnam Logistics Association (VLA) recently said they will develop the rankings and evaluation of the competitiveness of the logistics industry and its businesses to make it a high-value-added service sector, media reported.
As part of this, the logistics competitiveness index (LCI) —a tool to measure logistics growth level, quality, and infrastructure and assess policies of provincial administrations—has been launched, VLA chairman Le Duy Hiep told the media.
Moreover, the index will offer a panorama of the sector in different cities and provinces, on the basis of which policymakers can design policies for local development, he added.
According to Le Thanh Ha from the Vietnam Chamber of Commerce and Industry’s legal department, LCI will offer a ranking for each unit and local administration and show where they need to improve, giving policymakers a much-needed overview of the sector.
Moreover, it will provide insight into and explanation behind gaps among cities and provinces in the growth of logistics.
Regulators can refer to the LCI indicators for the evaluation of various economic reforms and, in the long run, the index will help cut down logistics costs and support production for export.