Construction on a hi-tech bonded warehouse and logistics centre began in the Saigon Hi - Tech Park (SHTP) in Ho Chi Minh City on August 12.

(Photo for illustration)

Covering 10 hectares, the 600 billion VND (27.2 million USD) project will comprise a system of bonded warehouses, container freight stations (CFS), normal warehouses, cold storages and container yards. It will be equipped with modern technology and management software.

Warehouses to store hi-tech products will be built under ISO, HACCP and CTPAT standards, among others.

According to Bui Tuan Ngoc, CEO of the investor – Transimex-Saigon, the centre will focus on developing logistics services based on developing modern and effective supply chains.

Once operational, the project will meet domestic distribution demands for enterprises operating in and outside the SHTP as well as serve goods circulation within the country and export-import activities, Ngoc said.

This is the first logistics investment in the park, which is leading foreign investment capital attraction in the country.

Source: VNA