Vietnam jumped 25 spots in the World Banks’s Logistics Performance Index 2018, ranking 39th among 160 countries. Amongst all the major components that were analyzed for comparisons, the highest improvement was seen in Tracking and Tracing and Logistics Competence which rose by 41 and 29 levels respectively.
Logistics Performance Index
The Logistics Performance Index is a biennial study that analyzes a country’s trade logistics performance. The data is derived from a survey of logistics professionals based on the following six indicators:
- Customs – the efficiency of customs and border clearance process;
- Infrastructure – the quality of trade and transport-related infrastructure such as ports, roads, etc.;
- International Shipments – the ease of arranging international shipments with competitive price;
- Logistics competence – the quality of logistics services;
- Tracking and tracing – the ability to track consignments; and
- Timeliness – the frequency with which consignments are delivered within the scheduled or expected delivery time.
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