VietNamNet
Foreign logistics firms now allowed in VN

Last update: 15:40 | 10/01/2018

Foreign investors will be allowed to establish companies providing logistics services following Decree 163, which will take effect on February 20.


{keywords}

Logistics services under the decree are divided into 16 main types, including container loading and unloading (excluding at airports), warehouses for supporting transport, transport and customs agencies and shipping. — Photo dantri.com.vn



The Government has promulgated the decree stipulating conditions for trading logistics services.

Logistics services under the decree are divided into 16 main types, including container loading and unloading (excluding at airports), warehouses for supporting transport, transport and customs agencies and shipping.

Notably, the decree allows foreign investors to establish firms providing the above-mentioned services. However, it stipulates some strict conditions. For example, for marine transport trading (excluding internal shipping), foreign investors can set up companies operating ship fleets flying Vietnamese flags. The captain and the first deputy captain must be Vietnamese citizens, and the cruise members must be less than one-third of the total.

For road transport, all drivers at foreign-invested companies must be Vietnamese citizens.

In addition, foreign investors can contribute or buy shares in Vietnamese enterprises in the sectors, but less than 51 per cent. — VNS

Foreign logistics firms now allowed in VN, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news