Log in
Econ

Hanoi to build VN's largest inland depot

The Hanoi People`s Committee has approved a proposal to build the country`s largest inland container depot (ICD) in Duc Thuong Commune, Hoai Duc District, west of the capital.

The committee's decision allows the State-owned International Investment Trade and Service Group (Interserco) to invest in the construction of the depot, which will cover 18.2ha of land in what is now mostly a rice-cultivation area.

The main construction area spans 64,085sq.m, including a six-storey customs office and a six-storey operations office, warehouses, a bonded warehouse, and an inspection area among other additions to the technical infrastructure.
 

 

The total investment of the project is estimated to be VND1.6 trillion (US$75.1 million), with 20% contributed by Interserco and the other 80% coming from other sources.

Interserco plans to begin construction this year and is expected to finish in the third quarter of 2017.

The construction will replace the 52,000sq.m My Dinh ICD, currently the largest ICD, on Pham Hung Road in the south of Hanoi, which connects the northern portal city of Haiphong with International Noi Bai Airport and Huu Nghi border gate, effectively connecting Vietnam with China in Lang Son Province.

The My Dinh ICD offers warehouses, standard facilities and infrastructure, customs clearance, and global freight management. It also has expertise with import-export procedures, packing, loading and unloading services and warehousing and distribution, as well as cross-border logistics solutions and duty-free goods services.

Interserco claimed it had decided to expand the service and move the depot to avoid traffic congestion in urban areas in light of the growing demand for transportation and logistics services.

Last year, the local media reported that the Hanoi Customs Department had achieved a total export and import turnover of  US$18.54 billion, an increase of 16.6% over 2013, adding that My Dinh ICD had contributed strongly to the result.

Reactions:
Share:
Trending
Most Viewed
Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.

Hanoi calls for VAT cuts and credit support amid US tariffs

Hanoi calls for VAT cuts and credit support amid US tariffs

Hanoi’s export-driven economy faces new challenges as the US, one of its top trading partners, considers imposing steep tariffs on Vietnamese goods.