Vietnam to develop seven logistics centers in 2020

HCMC - Seven large-scale logistics centers will be up and running in different parts of the country in the next five years as envisaged in a master zoning plan for national logistics development until 2020 and with a vision towards 2030.

According to the zoning plan approved by the Prime Minister, the logistics centers will be located in the north of Hanoi, on the economic corridors of northern and central regions, Danang, at the economic zone in provinces northeast of HCMC, the Red River and the Mekong deltas.

The centers will help develop the country’s logistics system to meet the demand for production and transport of domestic goods as well as goods exports and imports. The facilities are expected to make the most of potential for logistics service development in the country.

According to the plan, annual logistics service growth is estimated at 24-25% and the sector will contribute 10% to the country’s gross domestic product (GDP), post outsourcing service growth of around 40%, and cut logistics cost to 20% of GDP by 2020.

The respective targets for 2030 are 34-35%, 15%, 65% and 15-17%.

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