EVFTA to boost logistics industry development - News Summed Up

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EVFTA to boost logistics industry development


— Photo vietnamplus.vnHÀ NỘI — The EU-Việt Nam Free Trade Agreement (EVFTA) will boost the demand for logistics services and significantly impact on Việt Nam's logistics industry. Việt Nam currently has almost 1,500 logistics services providers. In 2017, Việt Nam announced a plan to transform the country into a regional logistics hub by 2025. When the commitments take effect, EVFTA can bring a great opportunity for Việt Nam’s logistics industry. Linh told Việt Nam News: “A significant reduction of tariff barriers could increase the volume of imports and exports between Việt Nam and the European Union, thereby increasing the demand for logistics activities and also an opportunity to increase the scale of Việt Nam’s logistics industry.


Source: Viet Nam News December 25, 2019 01:41 UTC



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