Logistics giant meets with transport ministry over investment and cooperative efforts.
On June 26 the Deputy Minister of Transport Nguyen Van Cong met with the Chairman of the UPS International Group, Mr. Jim Barber, on investments in Vietnam’s logistics sector and the establishment of UPS’s air route for freight transfers to the country.
At the meeting the two parties exchanged information on certain logistics fields in which UPS aims to cooperate and invest in during the upcoming period: road transport by land and by air to Vietnam.
“UPS is ready to share our experience to help Vietnam increase the effectiveness of its logistics sector,” Mr. Barber said. “We also proposed supporting the development of warehousing systems providing products in the health, e-commerce, and civil aviation sectors.”
He also highlighted the need for the government and the Ministry of Transport (MoT) to create favorable conditions for effective cooperation.
According to the World Bank, in 2014 Vietnam was in 48th place on an index of logistics services. As logistics are an important part of a country’s economy, improvements in quality are an important task not only for MoT but also for other ministries. To develop logistics services, beside internal resources, the country also needs cooperation and joint ventures with foreign logistics enterprises.
“To develop logistic services, in 2014 the government approved a project developing logistics in the transport sector by 2020 and orientation to 2030,” Deputy Minister Cong said. “Vietnam has also been actively promoting the negotiation and implementation of bilateral and multilateral free trade agreements as a basis for it to further integrate into the global supply chain.”