Vietnam jumps 25 places on WB’s Logistics Performance Index
(VOVWORLD) - Vietnam’s position on the Logistics Performance Index (LPI) in 2018 has risen 25 places in two years ago to 39th out of 160 surveyed countries, according to the World Bank’s latest report.
 The LPIs of Vietnam and some other countries.
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Representatives of the Ministry of Transport attributed the gain to improvements in “Logistics Competence” (up 29 places) and “Tracking and Tracing” (up 41 places).
Nguyen Van Cong, Deputy Minister of Transport, said over the years the sector has steadily improved service quality and connectivity to reduce transportation costs.
Mr. Cong said: “We have created favorable conditions for businesses to invest in modern equipment and develop links between modes of transportation, exporters, producers, and logistic firms to reduce transportation costs. The advantages of multi-mode transportation routes should be exploited.”