South Korean electronics giant Samsung has sought permission from Vietnamese authorities for a dedicated terminal for the company’s import and export processes at Hanoi’s Noi Bai International Airport.

The private facility will help Samsung speed up the import and export of products. The firm accounted for 35 percent of inbound and outbound goods shipped via the airport in 2013, Samsung said in a document sent to state agencies last week.

That figure is expected to rise to 50 percent in the near future, Samsung added.

Therefore, Samsung sent a written request to the Civil Aviation Administration of Vietnam, Vietnam Airlines, and relevant agencies, to make the under-construction cargo terminal a dedicated area for the export and import of Samsung-produced goods through Noi Bai.

Samsung also recommended that the dedicated cargo terminal should be equipped with security screening machines and other security equipment.

According to Samsung’s calculations, the import and export of goods through the largest international airport in the northern region has exceeded 30 percent of its designed capacity.

Samsung said that if the cargo terminal, which is being built by ALS Port Terminal Co at the airport and is expected to become operational in the last quarter of 2014, is connected to storage facilities in Yen Phong and Yen Binh Industrial Parks in the northern provinces of Bac Ninh and Thai Nguyen, respectively, they can meet the urgent needs of the business.

Those storage facilities were also built by ALS to serve Samsung’s production plants in the two industrial zones.

In 2013, Samsung imported and exported about 80,000 tons of goods by air, accounting for 35-40 percent of the total volume of imported and exported goods via the international airport.

That number is forecast to rise 62.5-87.5 percent to 130,000-150,000 tons in 2014, and to grow about 20-30 percent annually in the next five years.

As a result, the total volume of shipments sent through Noi Bai by Samsung will exceed 50 percent of the total cargo volume at the airport in the near future.

Samsung started investing in Vietnam in 2008 with an initial capital fund of US$670 million. In the six years since then, it has raised its capital investment by a factor of ten.

Samsung has disbursed $1.7 billion out of a registered capital of $2.5 billion for its factory in Yen Phong Industrial Park in Bac Ninh Province. Products built at the plant contributed $23.9 billion to export revenues for Vietnam in 2013.

Last month, the company received a certificate of investment for a new $1 billion plant, focusing on manufacturing high-definition (HD) displays and assembling future HD displays, including curved and foldable screens. In Yen Binh Industrial Park in Thai Nguyen Province, Samsung also has a mobile phone factory with an investment of $3 billion.

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