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VIETNAM: Logistics Sector Now Open to Overseas Investment

Overseas companies are now free to invest in the country’s logistics sector, either by establishing wholly-owned companies or by taking a stake of up to 49% in an existing local business. Overall, this change in the country’s FDI regime sees non-Vietnamese investors cleared to participate in 17 different subsectors of the logistics industry, with one or two caveats.

Among these specific requirements are that any FDI-backed business offering maritime transport services to and from Vietnam must use a Vietnam-registered fleet, while the captain and chief officer of each vessel must be Vietnamese, as must two-thirds of the crew. Similarly, in the case of overland cargo transport services, all drivers must be Vietnamese citizens.

Among the  logistics sub-sectors approved for FDI are the following: cargo-handling services (except at airports); multi-modal container storage and warehousing (including sea freight services); courier services; freight transport agency services; customs brokerage (including customs clearance and facilitation services); document preparation, inspection, sampling and weighing services; wholesale and retail support services; technical analysis and inspection services; maritime, inland waterway, rail, road, air and multimodal freight-transport services; and other support services.

The changes were enacted in Decree No.163/2017/ND-CP and come into effect as of 20 February.

Content provided by Picture: HKTDC Research
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