Bonded warehouses have long been the go-to choose for both domestic and international import-export businesses (IEBs). This type of storage helps companies save on both costs and time. However, with the fluctuating bonded warehouse rental market, what are the costs associated with renting such a facility? Join Savills Vietnam as we examine the most competitive bonded warehouse rental prices available, providing you with optimal storage solutions tailored to your business needs.
What is a Bonded Warehouse? What Does a Bonded Warehouse Service Include?
According to Clause 1, Article 4 of the 2014 Maritime Law, a bonded warehouse is a storage facility where goods that have undergone customs procedures are stored, awaiting export. Goods from abroad are also stored in these facilities while awaiting import into Vietnam or re-export to other countries.
Many IEBs choose bonded warehouses for their storage needs due to the convenience they offer
Due to the convenience that bonded warehouse rentals offer to businesses, these warehouses are typically located in major cities, industrial parks, and industrial clusters. However, certain types of goods are restricted from being stored here:
– Counterfeit goods or items falsely labelled as being of Vietnamese origin.
– Goods that pose a risk to human safety or the environment.
– Items listed under export-import (EI) restrictions or bans, unless authorized by the Prime Minister.
Benefits of Using Bonded Warehouses for IEBs
Bonded warehouses were developed to meet the storage needs of import-export businesses, providing several advantages compared to standard warehouses:
– No import taxes: Companies storing goods in bonded warehouses that are later exported to other countries (without entering the domestic market) are exempt from paying import duties. This saves on capital, customs processing time, and transportation costs compared to traditional import and storage.
– Tax deferral: If goods stored in a bonded warehouse are not immediately imported into Vietnam, import taxes can be deferred, easing financial strain on businesses.
– Strategic locations: Bonded warehouses are typically situated in major economic hubs such as Hanoi, Ho Chi Minh City, Hai Phong, Da Nang, and surrounding provinces like Hai Duong, Binh Duong, Long An, and Dong Nai. These prime locations benefit from convenient transportation infrastructure, reducing both time and shipping costs.
– Container savings: Goods stored in bonded warehouses help free up containers, reducing the need for container storage space at the yard and saving businesses container storage costs. These costs can increase significantly if containers are stored for an extended period.
Businesses save on container costs when storing goods in bonded warehouses
– Ownership transfer and tax benefits: Goods stored in bonded warehouses can be transferred to new owners or moved to other bonded warehouses or tax-free zones, reducing tax-related costs and ultimately lowering product prices.
– Labour and transport cost savings: Many bonded warehouses provide additional services such as customs clearance, sorting, loading, and unloading. This eliminates the need for businesses to bear these operational costs, ensuring that product prices remain competitive.
2024 Bonded Warehouse Rental Price List
The rental price for bonded warehouses often includes services such as insurance, 24/7 security, pest control, and professional goods management. For a detailed and specific quote, please contact Savills Industrial to receive tailored advice that suits your business needs and the type of goods you’re storing.
Additionally, you can explore other types of warehouses and industrial spaces available for rent, as well as market insights for various provinces:
– Affordable warehouse rentals in Long An
– Warehouse and factory rentals in Dong Nai
– Storage rentals in Binh Duong
– Warehouse rentals in Hai Phong
– Industrial space in Hai Duong
Savills Industrial: Leading Bonded Warehouse Solutions
Bonded warehouse rentals are one of the leading segments in the industrial real estate sector, and this solution is highly favoured by both foreign-invested enterprises (FDIs) and domestic import-export companies. In Vietnam, the challenge of securing large land plots for bonded warehouses is significant, but Savills Vietnam, with its internationally standardised storage facilities, has become a trusted partner for both local and international companies, offering the most affordable rental rates in the market.
Savills Vietnam – Providing bonded warehouse rental services
At Savills Industrial Vietnam, you’ll receive professional advice from a team of industry experts, as well as a wide range of industrial real estate solutions. Savills’ bonded warehouse rental prices are consistently ranked among the best in the market.
With hundreds of thousands of square meters of bonded and cold storage facilities in major cities like Hanoi, Hai Phong, Da Nang, and Ho Chi Minh City, Savills Industrial provides high-quality services to both domestic and international businesses seeking efficient storage solutions.
To explore the most affordable 2024 bonded warehouse rental prices from Savills Industrial and receive expert advice on diverse storage solutions, contact Mr John Campbell today for detailed consultation.
Conclusion
Savills Industrial’s bonded warehouse services are set to be a “hotspot” in the industrial real estate market in the coming years, as foreign businesses increasingly invest in Vietnam and the local import-export sector continues to grow.
If you’re looking for the most affordable bonded warehouse rentals on the market, along with expert advice from leading industry professionals, contact Savills Vietnam today for the best rates and tailored solutions.
