08:38 | 21/03/2017 Trade
(VEN) - The Ministry of Industry and Trade has approved a master plan on developing warehouses on its borders with Cambodia and Laos until 2025, with a vision to 2035, in order to promote cross-border trade.
According to Le Bien Cuong, deputy director of the Ministry of Industry and Trade’s Mountain and Frontier Trade Department, the current warehousing system along the two borders is small in scale and privately owned. This makes cross-border trade a cumbersome activity, with exporters and importers having to sign contracts with many entities, posing difficulties in forming long-term relations.
“The demand for logistics services to store export and import goods at border gates is urgent,” Cuong said.
The master plan on developing warehouses is expected to offer opportunities for the development of cross-border trade between Vietnam and the two neighboring countries. The master plan is designed to meet all the warehousing demand and provide synchronous logistics services for promoting rapid and sustainable development of import and export activities.
The planned warehousing system will provide sufficient capacity to store export and import goods in the border gate regions by 2025. In addition, 80 percent of the warehouses will be required to provide other vital logistics services, such as handling, inspection and customs procedures for imported and exported goods. The plan includes the upgrade or building of at least one warehouse at each international border gate or major border gate.
According to the Mountain and Frontier Trade Department, there are 19 border gate economic zones along the borders between Vietnam and its two neighbors, Laos and Cambodia, 18 international border gates, 20 major ones and over 43 secondary border gates. According to the plan, at border gates with large-scale export and import traffic and high growth prospects, the warehousing system must provide enough logistics services to store goods in a professional and modern manner.
Cross-border trade between Vietnam and its two neighbors, Laos and Cambodia, has grown at a fairly good and stable pace
in recent years and is expected to increase in the future.