HANOI: Vietnam’s Ministry of Industry and Trade (MIT) has recently approved a plan for developing a warehouse system at Vietnam-China border crossings.
The ministry said on its website that the plan aims to meet 80% of warehouse and logistics demand at the border gates by 2025 and 100% by 2035.
Once successfully implemented, the plan will help increase growth in export and import activities at the border gates, the ministry said.
Statistics released by the Vietnam customs authorities in January showed that in the first 11 months of 2014, Vietnam earned some US$13.5 billion from exports to China, accounting for 10.1% of the total Vietnam’s export revenue during the period.
In the 11-month period, Vietnam imported around US$39.55 billion worth of products from China, accounting for 29% of Vietnam’s import revenue.There are 29 border gates between Vietnam and China.
