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Vietnam to develop warehouse system at border gates with China

Xinhua, February 9, 2015 Adjust font size:

Vietnam's Ministry of Industry and Trade (MoIT) has recently approved a plan for developing a warehouse system at Vietnam-China border gates.

MoIT said on its website on Monday that the plan aims to meet 80 percent of warehouse and logistics demand at the border gates by 2025 and 100 percent by 2035.

Once successfully implemented, the plan will help increase growth in export and import activities at the border gates, said the MoIT.

Statistics released by the Vietnam Customs in January showed that in the first 11 months of 2014, Vietnam earned some 13.5 billion U.S. dollars from exports to China, accounting for 10.1 percent of the total Vietnam's export revenue during the period.

In the 11-month period, Vietnam imported around 39.55 billion U. S. dollars worth of products from China, accounting for 29 percent of Vietnam's import revenue.

There are 29 border gates between Vietnam and China along the border line. Endi