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Add to Preferred SourcesCurrently, inland waterways transport plays an important role in freight transport with nearly 200 million tons per annum, comprising 18% of the total freight transport in Vietnam. However, investment in inland waterways transport currently accounts for only about 1% of the total transport investment.
Over the last 25 years, World Bank has supported Vietnam and formulated a strategy to address inland waterways development.
Today’s Vietnam inland waterways position itself as a global leader.
Looking forward, Vietnam and the World Bank are intensifying cooperation to improve operation’s efficiency to reduce logistics costs. This is the strategy for Vietnam to further promote economic growth.
World bank will continue to intensify its engagement in Vietnam’s inland waterways sector and will look forward to continuing this partnership over the next decades.
On September 25th, 2018, international financial institutions and representatives of worldwide development agencies will meet for the Vietnam Economic Infrastructure Development Forum to discuss upcoming business opportunities in Vietnam. The event will take place at the Hilton Hanoi Opera Hotel.
Original source: World Bank
Published on 14 September 2018