Nhon Hoi bonded warehouse project kicked off
17:55', 5/5/ 2008 (GMT+7)

The ground-breaking ceremony of Nhon Hoi bonded warehouse. Photo V.H

As reported, Binh Dinh Import-Export JSC held a ground-breaking ceremony of Nhon Hoi bonded warehouse. The project is expected to have positive impact on the import and export, contributing to the development of Nhon Hoi Economic Zone (EZ) and provincial and regional industrial zones.

Nhon Hoi bonded warehouse will be built on an area of 25.3 hectares in Hoi Son Hamlet, Nhoi Hoi Commune with the capital of VND 200 billion.

As projected, the bonded warehouse includes offices, duty free shop, and warehouse system. In the first phase (2008-09), the following items will be built: offices, two warehouses, technical service center, duty free shop, and water and electricity supply system.

The second phase (2010-12) aims to perfect the infrastructure and other items with the capital of VND120 billion.

“Nhon Hoi bonded warehouse is a key project playing a strategic role in the development of enterprises. It helps diversify types of business, increase profits, and improve the competitiveness. When being operational, it is expected to attract the investment to Nhon Hoi EZ and Binh Dinh,” Chairman of Board of Directors of Binh Dinh Import-Export JSC, Le Van Tam, said.

Nhon Hoi bonded warehouse will create favourable conditions for the operation of industrial zones, reduce the expenditure, and meet demands of enterprises in the south central and Central Highland regions.

Also, Nhon Hoi bonded warehouse is a place to attract a large number of timber from foreign countries, ensuring the sustainable development of Binh Dinh wood processing industry.

It will provide equipment and machines for factories. Foreign investors, tourists, and sailors are expected to become potential customers for duty free shops.

The company has signed two contracts with Vietnam Bank for Investment and Development and OLAM International Limited (Singapore) for further cooperation.

  • Cat Hung (translate by Hong Quang)
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