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Vietnam Today

WB & MoT project to tally logistics statistics

Released at: 17:55, 16/05/2018

WB & MoT project to tally logistics statistics

Illustrative image (Source: viettimes.vn)

Vietnam Logistics Statistical System Project to establish national system for collecting, processing and publishing transport and trade logistics statistics on an annual basis.

by Linh San

The World Bank and the Ministry of Transport hosted a workshop on May 15 to launch the implementation of the Vietnam Logistics Statistical System Project and highlight the importance of strengthening the transport and logistics sectors to boost trade competitiveness.

Designed to establish a national system for collecting, processing and publishing transport and trade logistics statistics on an annual basis, the project is part of the World Bank’s support to the Vietnamese Government’s integrated program for trade facilitation and logistics development.

“Developing a robust logistics data system is crucial for designing and implementing effective policies to enhance Vietnam’s logistics performance and competitiveness,” said Mr. Sebastian Eckardt, Lead Economist of the World Bank in Vietnam.

Trade-related infrastructure has not maintained pace with the growth of exports despite substantial increases in public investment in infrastructure. Weak infrastructure and transport links, especially weak corridors connecting key value chains to main international gateways, as well as high transport costs, poor quality of transport, and logistics services, are constraining trade potential.

Financed by the multi-donor Trust Fund for Statistical Capacity Building, or TFSCB, managed by the World Bank, the project also provides technical support for project implementation, through a partnership between the World Bank, the International Transport Forum, the Organization for Economic Cooperation and Development (OECD), and the Australia-World Bank Partnership Program.

Also marking the signing of the TFSCB grant agreement, the workshop showcased international practices and the key components of a good logistics statistical system and discussed the importance of reliable transport and logistics data in Vietnam. The data will be used for strategic planning purposes and to formulate and monitor the implementation of policies related to transport infrastructure as well as trade and logistics development. It will also help logistics firms access reliable data for their business development.

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