WORLD LOGISTICS PASSPORT STARTS A NEW HUB IN VIETNAM
On the morning of February 28, in Hanoi, the World Passport Logistics Program coordinated with the Ministry of Industry and Trade and the Embassy of the United Arab Emirates (UAE) to organize an exchange conference on the Passport Logistics initiative. the world and the possibility of enhancing cooperation between Vietnam and the UAE in the field of logistics. The program was held on the occasion of the 30th anniversary of the establishment of diplomatic relations between Vietnam and the UAE.
The World Logistics Passport (WLP), a Dubai-led global initiative designed to facilitate the flow of world trade, has added Vietnam to the region’s list of logistics and trade hubs. area (referred to as Hub). WLP welcomes 5 Vietnamese enterprises to the list of partners and hopes that the number of partners will increase in the coming time. WLP works with partners at the 29 Hubs of this network and customizes benefits for members to reduce costs, save time, provide network support to remove barriers to trade. trade, unlocking multimodal commerce, facilitating the overall trading journey for traders and facilitating access to global markets.
Conference to discuss the World Logistics Passport initiative and the possibility of enhancing cooperation between Vietnam and the UAE in the field of logistics
Speaking at the conference, Mr. Abdulla Alsuwaidi, Director of Hubs and WLP Global Partners, assessed that, with its strategic position as a regional hub for transshipment and manufacturing, Vietnam will be an important hub in the network. WLP. The WLP initiative builds on Dubai’s success more than 20 years ago in building to become an effective global hub.
Mr. Ts. Bader Abdulla Al Matrooshi, UAE Ambassador to Vietnam speaking at the conference
Mr. Ts. Bader Abdulla Al Matrooshi, UAE Ambassador to Vietnam also said, “UAE is Vietnam’s largest trading partner in the Middle East region with two-way trade turnover reaching 8 billion USD in 2022 and with many More than initiatives like WLP, we believe the turnover will increase through increasing economic and trade benefits for the signatories and from there, more and more partners will join.”
Mr. Tran Thanh Hai – Deputy Director of Import-Export Department, Ministry of Industry and Trade made a speech
Mr. Tran Thanh Hai – Deputy Director of the Import-Export Department, Ministry of Industry and Trade said that: Facilitating trade and increasing national competitiveness are always important tasks not only of the Industry and Trade industry but also the ecosystem. national logistics state. The key point of WLP is the operation of the Hub model of each member country, including Vietnam. The successful lesson of the UAE is that the strong participation and innovative determination of Customs is very important. “With the announcement of the launch of the WLP program in Vietnam, I hope that the Vietnamese logistics industry will reap many successes, take advantage of and share many benefits of the program in the context of the country’s deep integration. expanding to the world, contributing to the development of trade between the two sides Vietnam – UAE and trade across the WLP network “- Mr. Tran Thanh Hai expected.
At the conference, WLP and other organizations and businesses signed a partnership agreement to specifically implement the program in Vietnam, including: Vietnam Airlines Corporation (VNA), Road Transport and Trade Joint Stock Company Railway (RATRACO) – Vietnam Railways; T&Y Superport Vinh Phuc Joint Stock Company; Vietnam Shippers Association (VNSC); and Vietnam Coffee and Cocoa Association (Vicofa).
Source: Logistics Vietnam [February 28, 2023]