The Vietnam National Foreign Trade Shipping and Warehousing Corporation (Vietrans) will work with the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to provide inclusive export services for the Vietnamese market.

According to an agreement signed in Hanoi on February 18, the two businesses will meet all customers’ demands for exports with a preferential service interest.

Deputy Minister of Industry and Trade Nguyen Thanh Bien said that the new service will help businesses to speed up the transport, handling and payment of goods for export and exploit the potential of service providers, which will help to increase the country’s export turnover.

Vietrans and VietinBank have also raised funds to expand and develop their business operations in areas of mutual concern.

As one of the first companies in Vietnam to join the International Federation of Freight Forwarders Associations, Vietrans operates a wide range of services including bonded warehouses, general warehousing, forwarding freight and the transportation of all kinds of goods worldwide.

The company currently holds a 20 percent market share of Vietnam ’s shipping and warehousing services./.