Border EZs move to grow further

Improved infrastructure and simplified administrative procedures have made border-gate economic zones in the northern provinces of Quang Ninh and Lang Son bordering China stand out in attracting a large amount of goods through the border gates.
Border EZs move to grow further ảnh 1Customs check at Mong Cai border gate (Photo: VNA)
Hanoi (VNA) - Improved infrastructure andsimplified administrative procedures have made border-gate economic zones in thenorthern provinces of Quang Ninh and Lang Son bordering China stand out inattracting a large amount of goods through the border gates.

The Mong Cai border gate is among a few that haveapplied special development mechanisms in Vietnam since 1996. To date, preferentialtreatment has been used to build an urban area with comprehensiveinfrastructure for development.

Trade between Vietnam and China through the bordergate reached 5-7 billion USD a year on average. About 2.4 million people crossedthe gate annually.

According to Nguyen Tien Dung, Vice Chairman of the MongCai People’s Committee in Quang Ninh province, the local authority has paidheed to building infrastructure and ports to improve transport capacity.

The authority has mobilised resources from businessesand investors in various mechanisms, especially build-operate-transfer and public-privatepartnership models for logistics development, he said.

The reduction of custom clearance time and costs, together with efforts toimprove infrastructure, has created optimal conditions for businesses comparedwith other border gates.

An agro-forestry-fishery exchange centre is underconstruction at the area and this is a step forward for exports to China.

Duong Van Thanh, Chairman of Thanh Dat JSC, said his company is proposing thelocal authority build a deep water seaport to reduce transportation costs, as goodstransported through the sea takes only half of that by land to Cao Bang or LaoCai provinces.

Meanwhile, the Dong Dang – Lang Son border gate economic zone houses a diversifiedtrade system with 12 border gates, including two international ones.

Over the years, the zone has played an important role in boosting economic developmentin Lang Son province.

In 2017 alone, the economic zone granted investment certificates to eightprojects with registered capital in excess of 150 million USD.

Nguyen Cong Truong, Vice Chairman of the Lang Son People’s Committee said the provinceis working to link its border gates with Chinese ones to enable smooth goodsflow.-VNA
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.