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Promotion of investment in logistics service development in Phu Tho province in 2024

There is still no adequate logistics center

Speaking at the opening of the conference, Mr. Nguyen Anh Son - Director of the Import-Export Department (Ministry of Industry and Trade) - said that with the central location of the West - East - North sub-region, the confluence of 3 rivers includes: Hong, Da River and Lo River, Phu Tho are important traffic hubs on both roads, railways and waterways in the Northern region, connecting transshipment of goods to the Northwest, Northeast and Dong Nai regions. by the Red River. At the same time, Phu Tho is located in the belt of many important traffic routes such as the economic corridor Kunming (China) - Lao Cai - Hanoi - Hai Phong - Quang Ninh, so it has many advantages in terms of traffic, Invest in developing logistics services to participate in each stage of the goods circulation process.

Mr. Nguyen Anh Son - Director of the Import-Export Department (Ministry of Industry and Trade) spoke at the opening of the Conference
Mr. Nguyen Anh Son - Director of the Import-Export Department (Ministry of Industry and Trade) delivered the opening speech at the Conference

With many potentials, advantages in geo-economic location and abundant basic trained human resources, Phu Tho province has many unique conditions to develop into a growth pole of the Potential Dynamics Region. Bac Giang - Thai Nguyen - Phu Tho, the center connecting economic and trade between Vietnam and China and ASEAN.

In recent years, logistics services have increasingly affirmed their role and position in the socio-economic development process of Phu Tho province. This is an important factor in the goods circulation chain, creating added value for goods and improving competitiveness for businesses and the whole province.

Besides, logistics activities in Phu Tho still reveal some major limitations. Specifically, although the province's commercial and transportation infrastructure has received investment attention, up to now, Phu Tho still does not have a logistics center commensurate with this geo-economic and transportation location. The logistics connection between Phu Tho and other provinces has not met the requirements, along with the ineffective connection between production and processing areas, and export of goods is also the cause of increased logistics costs and time. Shipping time is prolonged. The number of businesses is quite large, but most are small-scale, mainly providing individual services, lacking connectivity, and applying technology in e-commerce is still not high. There are no breakthrough mechanisms and policies to support logistics activities to develop properly.

To continue to effectively promote potentials and advantages, promote rapid and sustainable development of the logistics service industry, and contribute more positively and effectively to the overall development of the province; As the state management agency for logistics services, Mr. Nguyen Anh Son also proposed that Phu Tho province continue to deeply grasp the views and orientations in Resolution No. 163/NQ-CP dated December 16. /2022 of the Government on promoting synchronous implementation of key tasks and solutions to improve competitiveness and develop Vietnam's logistics services and the Party's resolutions, policies and development strategies. , the State and Government related to the Northern Midlands and Mountainous Region to serve as a basis for planning and organizing the effective implementation of programs, plans and projects on developing logistics services to ensure compliance suitable to the practical situation and exploiting the local potentials and strengths.

Besides, focus on implementing Plan No. 292/KH-UBND dated January 18, 2024 of Phu Tho Provincial People's Committee to develop logistics services in the province until 2025; Focus on reviewing, amending, supplementing or promulgating new breakthrough and feasible mechanisms and policies to attract social resources, and at the same time prioritize the budget as "priming capital", collecting Attracting corporations and businesses with reputation, capacity and experience to invest in and develop logistics infrastructure, with priority given to attracting investment in developing logistics centers applying 4.0 technology, contributing to improving the quality of logistics. improve service quality and reduce logistics costs, according to the plan approved by the province.

At the same time, continue to promote the restructuring of industry, trade and services in the area based on the province's distinct potential, outstanding opportunities and competitive advantages. Promote logistics cooperation with localities on the economic corridors and dynamic regions "Bac Giang - Thai Nguyen - Phu Tho", fully exploiting the advantages of waterway transport on 3 rivers (Red River, Phu Tho River). Da, Lo River);... In addition, it is necessary to promote the application of information technology and digital transformation in logistics in both the field of logistics service management and business in the province;...

Promoting investment in developing logistics services in Phu Tho province

At the conference, representatives of the Import-Export Department (Ministry of Industry and Trade) updated policies and orientations for Vietnam's logistics development; Deploying a number of contents of Decree No. 163 of the Government on promoting synchronous implementation of key tasks and solutions to improve competitiveness and develop Vietnam's logistics services; promote the development of logistics services, attract investment in developing logistics infrastructure; Especially 2 provincial logistics centers and 1 regional logistics center have been planned in Phu Tho province.

Overview of the Conference
Overview of the Conference

Representatives of departments and branches of Phu Tho province provided some information about the socio-economic situation, about Phu Tho province's planning for the period 2021 - 2030, with a vision to 2050 approved by the Prime Minister; Current status of logistics infrastructure and planning, potential for developing logistics services in the area;...

Delegates discussed, exchanged, and advised on solutions and orientations for logistics development in the province; Orientations and solutions to attract investment , support and encourage the development of logistics services in Phu Tho province.

According to a report from the Phu Tho Department of Industry and Trade, the growth rate of the transportation and warehousing sector in the period of 2021 - 2023 reaches 7.2% and the contribution to the province's GRDP remains stable at 3.5 %.

According to the province's General Plan for the period 2021 - 2030, with a vision to 2050, the province plans to build 3 logistics centers, including 1 regional logistics center located in the overall Northern Service Industrial Park. Son with an area of over 54.5 hectares; 2 provincial logistics centers include Lam Thao logistics center and Ha Hoa logistics center. Phu Tho Department of Industry and Trade respectfully invites businesses inside and outside the province to learn about the business investment environment and long-term investment and cooperation opportunities in Phu Tho province.

To promote the development of the logistics service industry in the province, creating a connection between logistics and domestic and international production, trade and import-export industries, creating a driving force for development in the coming years. and build Phu Tho to become a center connecting economic trade of the Northern midland and mountainous region, Mr. Nguyen Viet Dung - Director of Phu Tho Department of Industry and Trade - said, Phu Tho province determines that in the coming time, It is necessary to continue to invest in synchronous transport infrastructure, attracting the development of processing and manufacturing industries associated with logistics and import-export activities .

At the same time, strongly improve and enhance the business investment environment, create favorable conditions for investment and production and business activities of enterprises, in order to enhance competitiveness in the value chain, especially is to invest in industries, fields, and areas where the province has a competitive advantage; Continue to implement openness, transparency, and simplification of administrative procedures to reduce costs, time, and customs clearance utilities for businesses and investors; promptly handle difficulties and problems when reported; ensuring security and order, creating equality for long-term investors in the province.

Determined to build Phu Tho to continue to be an "attractive destination" to attract businesses to invest and do business at home and abroad, especially paying attention to attracting investment in the field of logistics services.

Within the framework of the conference program, delegates and guests will participate in field surveys of logistics infrastructure and logistics center planning areas in Phu Tho province.

Nguyen Hanh