Viet Nam Potential to Become a Major Logistics Hub

Viet Nam has enormous potential to emerge as a global and regional logistics hub, said President of International Federation of Freight Forwarders Associations (FIATA) Turgut Erkeskin.

Vietnamese Prime Minister Pham Minh Chinh (R) hosts a reception for President of International Federation of Freight Forwarders Associations (FIATA) Turgut Erkeskin in Ha Noi, July 10, 2024. Photo: VGP

The FIATA President made the above remarks during his meeting with Vietnamese Prime Minister Pham Minh Chinh in Ha Noi on July 9.

Prime Minister Pham praised FIATA's ongoing support for the Viet Nam Logistics Business Association (VLA) in hosting the FIATA World Congress 2025 in Ha Noi.

Pham briefed the FIATA President about Viet Nam’s robust logistics sector performance, citing an average annual growth rate of 14-16 percent. Specifically, Viet Nam's trade with the rest of the world reached nearly US$700 billion in 2023.

Pham spoke highly of FIATA's role in narrowing down the gaps between the VLA and the global logistics community.

As the Vietnamese Government is drafting a logistics development strategy for the 2025-2035 period, with a vision to 2045, Pham called for FIATA’s support through information sharing in digital transformation, green transition, and solutions to developing logistics in agriculture and industry.

Pham promised that the Government will work closely with domestic and foreign partners to create favorable conditions for economic, investment, trade and service cooperation activities, with a particular emphasis on developing logistics services to maximize benefits for all parties involved in the spirit of harmonizing benefits and sharing risks.

In reply, Erkeskin expressed his belief that the Vietnamese Government, ministries and agencies will actively contribute to the success of the FIATA World Congress 2025.

He highly spoke of Viet Nam's logistics development strategy for the 2025-2035 period with a vision to 2045, especially its focus on digital transformation, green transition, and achieving net-zero emissions by 2050.

Source: VGP