The index will offer a panorama of the sector in different cities and provinces, on the basis of which policymakers can design policies for local development, Hiep said.

According to Le Thanh Ha from the Vietnam Chamber of Commerce and Industry’s legal department, LCI will offer a ranking for each unit and local administration and show where they need to improve, giving policymakers a much-needed overview of the sector.

It will provide insight into and explanation behind gaps among cities and provinces in the growth of logistics, Hiep was quoted as saying by a news agency.

Regulators can refer to the LCI indicators for evaluation of various economic reforms and, in the long run, the index will help cut down logistics costs and support production for export.

Fibre2Fashion News Desk (DS)