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Vietnam needs to reduce logistics costs to increase competitiveness

HANOI, Oct. 20 (Xinhua) — More efforts are needed to lower logistics costs in Vietnam, which are still at a high level, to increase the economy’s competitiveness, Vietnam News Agency reported Friday, citing insiders.

Lowering logistics costs to reduce product costs and increase competitiveness is an important target set by the Vietnamese government, ministries, sectors and localities, according to the agency.