Scheme on competitive transport market development approved
16:27 | 11/06/2019

VGP – The Prime Minister has approved a scheme on building a competitive transport market in the direction of developing multimodal transport, connecting different forms of transport, and focusing on applying information technology to reduce transport costs and facilitate businesses’ circulation and distribution of goods and services.

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The overall objective of the scheme is to build a healthy competitive transport market, promote the strength of each transport mode and develop multimodal transportation, and apply the advanced transport technologies to facilitate goods circulation, reduce the logistics costs of the economy in the context of integration, and improve national competitiveness.

Specifically, the scheme will look to enhance state management, renovate and perfect policy institutions on transport, create a full and highly effective legal environment, ensure necessary conditions to restructure transport forces, and encourage economic sectors to invest in transportation.

At the same time, the scheme also requests the continuous implementation of the e-government architecture for the Ministry of Transport, the development of applications in service of state management, the people and businesses in all of the ministry’s specialized areas, and the enhancement of transport firms’ operational capacity, business efficiency and competitiveness.

Also, modes of transport will be appropriately developed in association with the tasks of restructuring the transport sector, improving the quality of services, and cutting costs of goods transportation by around 10% of the gross domestic product (GDP), contributing to reducing Viet Nam’s logistics costs by an equivalent value to 15% of GDP.

By Vien Nhu

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