Vietnam attends World Congress on Logistics in Panama
The Vietnam Logistics Service Business Association (VLA) represented Vietnam at the World Congress 2024 of the International Federation of Freight Forwarders Associations (FIATA) that was held in Panama from September 23-27.
The Vietnamese delegation at the World Congress 2024 of the International Federation of Freight Forwarders Associations (FIATA) in Panama. (Photo: Courtesy of VLA)
Hanoi (VNA) – The Vietnam Logistics Service Business Association (VLA) represented Vietnam at the World Congress 2024 of the International Federation of Freight Forwarders Associations (FIATA) that was held in Panama from Septem🅘ber 23-27.
The event attracted over 800 representatives from logistics businesses across the world.
VLA President and head of Vietnamese delegation to the event Dao Trong Khoa said that the congress helps Vietnamese logistics firms to meet, exchange and seek cooperation opportunities with leading peers in the world.
On this occasion, the VLA official received the baton to host the FIATA World Congress (FWC) 2025.
Khoa said the organisation of the FWC 2025 is backed by Vietnamese Government, ministries and agencies. Notably, then Prime Minister Pham Minh Chinh received the FIATA and VLA delegations twice in Hanoi in 2023 and 2024, and affirmed the strong support of the Vietnamese Government for the FWC 2025.
Leaders of the Ministry of Industry and Trade, the Ministry of Transport, the Vietnam Chamber of Commerce and Industry, and other ministries, ministries and localities also met with FIATA and VLA representatives to express their support for the organisation of FWC 2025.
With a strategic location as a gateway to the Indo-Pacific region and its particularly important position in global trade flows, Vietnam is expected to become a logistics and trade hub for the region and the world.
Vietnam is deeply integrated into the global economy with 19 signed free trade agreements and an expected import-export growth of over 15% next year. This trade expansion is supported by the Vietnamese logistics industry with more than 45,000 companies that play an important role in connecting Vietnam to the world, Khoa said.
He added that Vietnam’s commitment to improve infrastructure is demonstrated by the effective operation of Cai Mep Port, which is ranked the 7th most efficient container port in the world by 2023.
Vietnam’s strong logistics ecosystem complements the country’s position as a leading manufacturing hub where global giants such as Samsung, LG, Intel and Foxconn chose to come, the VLA President said./.
The logistics sector, which has become an important service industry and played a role in supporting, connecting and promoting Vietnam’s socio-economic growth, is undergoing a rapid transformation as sustainability takes centre stage. With an estimated market size of 40-42 billion USD a year and over 40,000 firms operating in the sector, the stakes are high, and the need for change is urgent.
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