Ho Chi Minh City recently unveiled a long-term development plan aimed at transforming the city into a global logistics hub. The plan, issued by the Ho Chi Minh City People’s Committee, focuses on developing logistics infrastructure, enhancing port handling capacity, and increasing warehousing capabilities.
The core objective of this plan is to achieve comprehensive development of Ho Chi Minh City’s logistics industry in phases. By 2030, Ho Chi Minh City aims to position logistics as a key pillar industry in its economy and fully leverage opportunities brought by global supply chains to become a logistics service center in the Southeast Asian region. The goal for 2045 is to develop logistics into an innovative and sustainable economic sector, striving to become a logistics service center in Asia and worldwide.
To achieve this ambitious goal, the Ho Chi Minh City People’s Committee has formulated a series of specific measures and strategic directions. First, the plan requires alignment with Ho Chi Minh City’s approved socio-economic growth and commercial and service infrastructure strategies and blueprints, ensuring that the development of the logistics industry is coordinated with the city’s overall planning.
Regarding investment, the plan emphasizes that all investment projects must be consistently, effectively, transparently, and fairly implemented in accordance with the law. To attract more social resources to participate in the development of the logistics industry, Ho Chi Minh City plans to encourage private sector investment by providing favorable tax conditions, land use policies, and simplified administrative procedures.
The plan particularly emphasizes the transition towards green logistics as a development priority. This transition is seen as an important way to improve cargo transportation efficiency, reduce emissions and pollution, and promote environmental sustainability. Green logistics is not only considered a key condition for development and integration but will also help businesses improve competitiveness and achieve sustainable growth.
Technological innovation is also an important component of the plan. Ho Chi Minh City will prioritize projects that apply Industry 4.0 technologies, high-tech solutions, advance digital transformation, use green energy, and adopt environmentally friendly measures. This reflects the city’s pursuit of building a modern, efficient, and environmentally friendly logistics system.
In terms of infrastructure construction, Ho Chi Minh City plans to invest in developing modern and synchronized logistics infrastructure and port systems. This initiative aims to strengthen the links between economic, industrial, commercial, service, and distribution centers in the Southeast region and the Southern key economic zone, thereby enhancing logistics efficiency and economic synergy across the entire region.
The plan also emphasizes the importance of Ho Chi Minh City’s active participation in global supply chains. Through deep integration into international logistics networks, Ho Chi Minh City hopes to establish a logistics service center of regional importance, thereby enhancing its position and influence in global supply chains.
Key points:
- Ho Chi Minh City releases a plan aimed at transforming the city into a global logistics hub.
- The plan is to be implemented in phases, with the goal of becoming a Southeast Asian logistics center by 2030 and a world logistics service center by 2045.
- Focus on developing logistics infrastructure, enhancing port handling capacity, and increasing warehousing capabilities.
- Encourages private sector investment by providing favorable tax and land use policies.
- Emphasizes the transition to green logistics, application of Industry 4.0 technologies, and high-tech solutions.
- Plans to strengthen regional economic connections and actively participate in global supply chains.
- Aims to enhance Ho Chi Minh City’s overall economic competitiveness through the development of the logistics industry.
To stay updated on the latest developments in Vietnam’s regional development strategies, feel free to contact our professional consultant Jaycy or subscribe to our Vietnam electronic newsletter!
