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Decision issued to improve Logistics Performance Index ranking

Released at: 19:12, 03/04/2019

Decision issued to improve Logistics Performance Index ranking

Photo: baodautu

Ministry of Industry and Trade approves Decision in plan to improve Vietnam's ranking in World Bank's Logistics Performance Index (LPI).

by Phi Linh

The Minister of Industry and Trade has recently approved Decision No. 708/QD-BCT on a plan to improve Vietnam’s Logistics Performance Index (LPI), tallied by the World Bank.

The plan targets increasing the country’s ranking in the LPI by five to ten levels by 2025, contributing to improving the business environment, cutting costs, and boosting competitive capacity in the logistics service supply and innovation capacity.

The plan includes 49 special tasks attached to the roles of ministries, sectors, and localities, and are divided into index-based groups including infrastructure upgrading, delivery capacity improvements, capacity and the quality of logistics service supply, technology application and traceability capacity, timing and cost savings, customs clearance efficiency improvements, and a supplement group.

The Ministry of Finance is assigned to implement the plan, with the following tasks: boosting the implementation of the National One-Door Mechanism and ASEAN One-Door Mechanism and connecting with trading partners outside ASEAN, increasing the number of Level-4 electronic public services, stepping up the reform of the inspection of specialized import and export goods towards abolishing or simplifying unnecessary procedures, conducting risk assessments, changing from pre-check to post-check, and adopting mechanisms to coordinate and recognize quality and specialized inspection certificates for goods shipped between countries with trade agreements with Vietnam.

The Import and Export Department under the Ministry of Industry and Trade is the focal point, assuming responsibility and coordinating with ministries, branches and localities in deploying, inspecting, and supervising the implementation of the plan.

Vietnam jumped 25 spots in LPI 2018, ranking 39th among 160 countries and territories. The World Bank study found that among lower-middle income countries, large economies such as India and Indonesia as well as emerging economies such as Vietnam and Côte d’Ivoire stand out as top performers after seeing a significant jump in rankings.

The top five logistics performers in 2018 were Germany, Sweden, Belgium, Austria, and Japan. Thailand is still ahead among Vietnam’s neighbors, ranking 32nd. The LPI is released by the World Bank every two years and is a unique benchmarking tool, providing the same measure for more than 160 countries and territories.

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