© IJARW | ISSN (O) - 2582-1008 April 2022 | Vol. 3 Issue. 10 www.ijarw.com IJARW1640 International Journal of All Research Writings 27 PROMOTING THE DEVELOPMENT OF VIETNAM'S LOGISTICS INFRASTRUCTURE Dr. Hoang Thi Hong Le 1 , Assoc. Prof. Dr Tran Dinh Tuan 2 University of Transport Technology, Vietnam ABSTRACT Vietnam's logistics industry has grown rapidly in recent years and achieved many remarkable achievements. However, there are still certain limitations. For the logistics industry to develop strongly and sustainably, it is first necessary to reduce logistics costs in order to improve the efficiency and competitiveness of goods and the economy. In order to attract investment and cut logistics service costs, it is necessary to implement many synchronous solutions. In particular, promoting the development of professional and modern logistics infrastructure to meet the needs of goods transport and circulation is one of the most important solutions. Keyword: Logistics, logistics infrastructure, investment, Vietnam. 1. INTRODUCTION Logistics is an activity in the chain of services from the pre-production stage until the goods reach the consumer. This field involves transportation, forwarding, warehousing, administrative procedures, import and export, trade, and retail distribution channels. With traffic infrastructure, warehouses and transshipment goods increasingly complete, Vietnam's logistics industry is clearly shaping. The logistics industry has promoted domestic and export trade, making an important contribution to the development of the country's economy. The increasing volume of goods produced and stored domestically as well as for export is demanding the development of a sufficiently large and modern logistics infrastructure, ensuring a stable and smooth flow of goods, contributing to reducing costs, and increasing competitiveness for businesses. With the strong growth of export, import and domestic trade, logistics infrastructure needs to be invested and developed more synchronously to meet the requirements of promoting economic growth. Logistics infrastructure plays a very important role in the economy. It meets the production activities and essential needs of the supply chains of goods and services of all enterprises to contribute to the development of the entire economy. In addition, logistics infrastructure also plays the role of transporting materials, goods, handling and storing goods as well as ensuring communication between production lines. Activities such as transporting goods, storing warehouses or conveying information are basic and characteristic activities of logistics; the supply chain of enterprises is directly affected by the logistics infrastructure through direct impacts on logistics activities. In order to attract investment and cut logistics service costs, it is necessary to implement many synchronous solutions. In particular, promoting the development of professional and modern logistics infrastructure to meet the needs of goods transport and circulation is one of the most important solutions. 2. STATUS OF LOGISTICS INFRASTRUCTURE IN VIETNAM 2.1. Road transport infrastructure Vietnam's road transport infrastructure is increasingly improved and enhanced, significantly reducing travel time. The whole country has a total road length of about 595,125 km, of which national roads are 25,484 km. [3].