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Vietnam opens new Tan Cang Que Vo ICD in North

Vietnam needs even more ICDs to serve growing import-export demand

Deputy Minister of Transport Le Anh Tuan on August 19 signed Decision No.1543/QD-BGTVT, approving the opening of Tan Cang Que Vo Inland Container Depot (ICD) in the northern province of Bac Ninh to meet growing local demand.

Located in Que Vo district, the ICD is invested by Tan Cang Que Vo JSC. The facility will serve business services and import-export procedures.

Bac Ninh is among the top 10 investment destinations for foreign investors in Vietnam. In the first seven months of this year, the province attracted nearly $600 million worth of foreign investment. Leading foreign investors in the province include Samsung, Canon, Foxcon.

The investment of Samsung and other big investors in Bac Ninh has increased the number of suppliers operating in the province, and increasing local imports and exports.

In fact, ICDs are still failing to ease the pressure the growing demand is putting on the seaport system in Vietnam.

Many regions are still experiencing a shortage of depots. The Cai Mep-Thi Vai port area is yet to see any ICDs, leading to inadequate capacity. Worse still, ICDs are also few and far between in the Mekong Delta region, racking up expenses for import-export businesses.