Efficient logistics

The Government of Vietnam (GoV) has articulated the goal for Vietnam to become an industrialized country by 2020. Vietnam has attained sustained economic growth and widespread poverty reduction over the past 20 years. This impressive growth performance—largely based on the promotion of exports and investment—placed Vietnam among the world’s five fastest-growing economies of the 1990–2010 period and has benefited, particularly over the past 10 years, from attractive labor cost rates relative to key Asian peers, like China. Yet as labor supply growth decelerates over the next couple of decades, achieving the country’s vision to 2020 and beyond will require a much greater focus on productivity improvements as a source of growth. In this respect, competitiveness, and in particular higher transport and logistics efficiency, is increasingly becoming a critical growth sustainability driver for Vietnam.
[Washington, DC: 2014]

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