Hanoi and Capital Region expected to become logistics centre

The Capital Region, which comprises Hanoi and nine neighboring localities, is expected to become a large integrated economic region of Vietnam.

The Capital Region, which comprises 10 provinces and a first-tier city, namely Hanoi, Hai Duong, Hung Yen, Vinh Phuc, Bac Ninh, Ha Nam, Hoa Binh, Phu Tho, Bac Giang, and Thai Nguyen, will become a comprehensive economic area of Vietnam.

Measures sought to turn Hanoi into logistics centre | Business | Vietnam+ (VietnamPlus)
An overview of the conference about the capital region (Photo: VNA).

Nguyen The Hiep, Deputy Director of Hanoi's Department of Industry and Trade, said that Hanoi logistics firms have met 25 per cent of the domestic demand and 18 per cent of the import-export one.

In 2022, the economic growth of the localities in the Capital Region will exceed the national average, with two provinces among the top five with the highest GDP growth rate nationwide, according to the Deputy Director.

He said that logistics services and activities play an extremely important role in the development of enterprises. Without the support of logistics services, many manufacturing and trading companies cannot expand their scale or penetrate international markets.

In order to promote logistics and connectivity for the development of the Capital Region, the official stressed the need for ministries, sectors, and localities to strengthen coordination and cooperation with Hanoi to turn the city into a logistics center of the north, while developing high-quality human resources for the logistics sector, enabling it to adapt to the economic integration process.

He noted that Hanoi has about 25,000 businesses operating logistics with different scales, levels, types, and logistics services, along with nearly 100 hectares of warehouses and storage, but they are of small sizes.

Economists held that to promote the development of logistics, Hanoi needs to set a goal of developing and supporting logistics activities to improve the competitiveness of manufacturing and trading enterprises, forming a modern and closed logistics system, contributing to the city's GRDP expansion.

Meanwhile, it is necessary to expand the infrastructure system for logistics, transport, trade, and services, while speeding up the innovation of logistics firms, they said.

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(Source: VNA)