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Logistics businesses urged to invest in Mekong Delta

Deputy Prime Minister Vuong Dinh Hue has called on logistics businesses to invest and expand investments in the Mekong Delta.
Logistics businesses urged to invest in Mekong Delta ảnh 1Deputy Prime Minister Vuong Dinh Hue speaks at the conference on logistics in Mekong Delta. (Source: VNA)
 
Can Tho(VNA) – Deputy Prime Minister Vuong Dinh Hue has called on logistics businessesto invest and expand investments in the Mekong Delta.

Deputy PM Hue madethe call at a conference which was jointly held in Can Tho City by the Ministryof Industry and Trade, the Steering Committee for the Southwestern Region, andthe Vietnam Logistics Business Association.

He urged the MekongDelta localities to build a favourable business and investment environment,provide maximum support for and increase dialogues with investors to promptlyremove bottlenecks.

The Deputy PMasked relevant agencies, especially the Ministries of Industry and Trade;Transport, and Planning and Investment, to continue reviewing mechanisms, policiesand legal regulations to address shortcomings in the field.

The ministrieswere requested to facilitate logistics service development by mobilisingdomestic and foreign financial resources, while encouraging businesses ofeconomic sectors to invest in this sphere.

The SteeringCommittee for the Southwestern Region will coordinate with localities to builda regional action plan to develop logistics infrastructure and services,including the building of a master plan on logistics development for the MekongDelta.

Meanwhile, theMinistry of Industry and Trade is requested to work with localities to speed upthe building of a logistics centre in the region and call for investment in keylogistics infrastructure projects.

Tran Huu Hiep, amember of the committee, pointed out restrictions in the region’s logisticsinfrastructure and services such as small-scale ports and the asynchronousoperation between means of transport, especially waterway and road tranport.

He suggested businessesinvest in key logistics projects in the delta between now and 2020 since theamount of cargo handled through the regional ports is forecast to increase inthe coming time.

Specifically, thedelta is expected to receive 25-28 million tonnes of cargo per year by 2020,and 66.5-71.5 million tonnes of cargo by 2030, he noted.

The southwesternregion comprises of 12 provinces, namely An Giang, Bac Lieu, Ben Tre, Ca Mau,Dong Thap, Hau Giang, Kien Giang, Long An, Soc Trang, Tien Giang, Tra Vinh andVinh Long, and Can Tho city.

Vietnam spentabout 20-25 percent of gross domestic product (GDP) on logistics services,which is higher than the levels of 10-13 percent in developed countries and15-20 percent in developing nations.-VNA
VNA

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