The LCI will play an important role in promoting logistics development in the region and in Vietnam as a whole. (Photo: VNA)

The report was based on a survey on 26 cities and provinces nationwide with the most outstanding Gross Regional Domestic Product, volume of transported goods, and number of logistics businesses.

The LCI, an index that evaluates the development speed, quality, infrastructure, and policies of municipal and provincial authorities for logistics service businesses in Vietnam, will be conducted yearly, providing an insight into localities’ logistics industry based on five pillars namely economy, logistics services, regulatory frameworks – policies, logistics infrastructure, and workforce.

Vietnam is now home to 4,000 logistics firms, 70% of them are located in Ho Chi Minh City and neighbouring localities.