Warehouses built for China trade
Warehouses built for China trade
Viet Nam's Ministry of Industry and Trade (MoIT) recently approved a plan for developing a warehousing system at the Viet Nam-China border posts.
The ministry said the plan is aimed at meeting 80 per cent of the warehousing and logistics demand at the border posts by 2025 and meeting the demand 100 per cent by 2035.
Accordingly, the overall target is to develop a synchronous warehouse system with a modern and professional logistics package to meet regular demand for goods reservation.
The system will help promote import-export activities at the two countries' border posts.
It will provide important services during the reservation process, such as checking and implementing customs procedures, as well as improve the import-export growth rate at the border posts by 2025.
Minister Vu Huy Hoang had approved the Department of Mountainous Area Trade's proposal to mobilise capital from all economic sectors for this plan. Of these sectors, enterprises operating in trading and exploiting warehouses and their services will be the key contributor.
Hoang said the department should choose professional companies for building, operating, exploiting and providing the warehousing services. They will be required to have expertise in finance, prestige, branding and should have been in operation for more than three years.
It will also require relevant units to offer cleared land for investors, as well as apply preferential regulations for land rentals.
In addition, suitable financial preferences will be extended during the initial period.
