Vietnam aims to become logistics hub

Vietnam has unveiled a plan to significantly lower its logistics costs to improve the country’s competitiveness and turn it into a regional hub.

The Ministry of Industry and Trade (MoIT) plans to lower logistics costs to 18% of GDP by 2020 from its current level, which is estimated to be between 20% and 25% of GDP, the state-run Vietnam News Agency(VNA) reported.

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Vietnam aims to become logistics hub

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