HANOI, Nov. 20 (Xinhua) -- Vietnam's southern Ho Chi Minh City topped the first-ever Vietnam Provincial Logistics Competitiveness Index (LCI) 2022, Vietnam News Agency on Monday cited the Vietnam Logistics Business Association.

According to the report recently announced by the association, the city has the most developed technology platform and infrastructure and conducive policies for logistics services in Vietnam.

The second position belonged to the northern port city of Hai Phong, followed by Binh Duong, Ba Ria-Vung Tau provinces and the capital city of Hanoi.

The report surveyed 26 cities and provinces nationwide with the most outstanding gross regional domestic product, volume of transported goods, and number of logistics businesses.

According to the report, infrastructure, human resources, logistics service providers, logistics service users and regulatory frameworks are important for a sound logistics system.

VnExpress cited Tran Thanh Hai, deputy director general of the Agency of Foreign Trade, as saying that the ministry is building a strategy to develop Vietnam's logistics industry so that the country could become a key logistics hub for the region and the entire world by 2035 or 2045.

Vietnam is now home to 4,000 logistics firms, 70 percent of which are located in Ho Chi Minh City and neighboring localities, according to the association.

Most of the businesses are operating at a small scale, with 90 percent of them having less than 10 billion Vietnamese dong (over 413,800 U.S. dollars) in capital, and 1 percent more than 100 billion dong (4.13 million dollars). Enditem

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