Warehousing company to be built in Hai Phong

Monday, Nov 10, 2014 16:00

Hai Phong Economic Zone has created favourable conditions to attract foreign investment to the city.— Photo Heza.gov.vn

HA NOI (Biz Hub) — The northern Hai Phong Economic Zone Authority (HEZA) has granted an investment certificate for the establishment of a US$4.15-million MVG Dinh Vu Ltd Warehousing Company.

HEZA said that the company, located at Dinh Vu Industrial Park, Hai An District in the northern Hai Phong Province, has three investors, including the Japanese Mitsui OSK Lines Ltd Company and two local companies, namely the Vietnam Services and Investment Joint Stock Company and the Gold Link Joint Stock Company.

The company will launch warehouses with a capacity of handling 12,000 tonnes of bulk cargo per year and 70,000 TEUs (twenty-foot equivalent units) per year. According to HEZA, the company will also offer transport services, cargo handling as well as other services in the field of logistics.

As per the schedule, the company will become operational in January 2015.

HEZA said that it will create favourable conditions for enterprises to enjoy fully preferential investment policies and benefits in the Hai Phong Economic Zone to attract foreign investors.

As of June 30, HEZA had issued 16 new investment certificates for FDI projects, and adjusted 10 certificates for increasing their capital. HEZA also reached $635 million in capital, triple the amount during the same period in 2013. — VNS

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