Hanoi plans to build two inland container depots (ICD) in Gia Lam and Hoai Duc districts in 2022.

Hanoi aims to become a major logistics hub in the region. Photo: The Hanoi Times

The move was revealed in the city’s plan No.81/KH-UBND on logistics development in Hanoi, for facilitating trade.

According to the plan, investment in trade and transport infrastructure would hold a key role for Hanoi to soon become a major logistics hub of the country and Southeast Asia.

To achieve this goal, the municipal Department of Industry and Trade is tasked with coordinating with other agencies in drafting the legal framework for logistics activities, including the application of IT in processing administrative procedures for trade, customs, tax, and transportation fields.

In 2020, Hanoi was set to build logistics centers in the form of two ICDs in Co Bi Commune, Gia Lam District, and Duc Thuong Commune, Hoai Duc District, along with the plan for another two in  Phu Xuyen District and Soc Son District.

During the process of infrastructure development, Hanoi prioritizes smart transportation and improve logistics facilities such as ICDs, airport, railway, and storage.

Another key task is to develop platforms helping improve connections among suppliers, distributors, and customers, as well as the formation of checkpoints for imported/exported products of the city.

In line with such efforts, Hanoi would continue to provide incentive policies to attract major logistics providers to set up branches or offices in Hanoi so that the city would gradually turn into a logistics hub in the north.

By 2025, the logistics sector is expected to contribute 9-11% of the GRDP with an average growth rate of 17-21%, while logistics costs are expected to go down to 14-17% of the GRDP while the rate of logistics outsourcing would be reduced to 50-60%.