A corner of HCM City Hi-tech Park. — Photo taichinhonline.vn

HA NOI (Biz Hub) — Transimex-Saigon Joint Stock Company (TMS) started construction of a new hi-tech bonded warehouse and logistics centre in HCM City on August 12.

Located in Ho Chi Minh City Hi-tech Park, 15km downtown from HCM City, the project has total investment capital of nearly VND600 billion ($27.68 million).

It comprises a system of bonded warehouses, normal warehouses, cold storages and container yards in an area covering 10ha. Meanwhile, the logistics centre will follow the model of a third party logistics provider for its operations, where it accepts orders from other logistics providers, assisting them with part or all of their supply chain management functions.

Upon completion in 2016, the project is expected to meet the demand for domestic distribution from enterprises inside and outside the hi-tech park as well as enhance import-export goods circulation.

Currently, there are many large enterprises, such as Intel, Samsung and Nidec, relocating their factories to this high-tech area.

TMS is the first logistics company to have registered for and received an investment licence for logistics services in the park, one of the two hi-tech parks in Viet Nam.

The centre will connect the southern provinces of Dong Nai, Binh Duong and Ba Ria-Vung Tau with the main ports of HCM City, including Cat Lai, Phuoc Long, Khanh Hoi and Sai Gon. – VNS