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Import-export value through Lao Cai’s border gates declines due to COVID-19

Total import-export turnover through border gates of northern Lao Cai province, which borders China, reached nearly 1.7 billion USD in 2020, equal to 94 percent of the previous year.
Import-export value through Lao Cai’s border gates declines due to COVID-19 ảnh 1Container trucks waiting to conduct export procedures at Lao Cai's Kim Thanh II border gate (Photo: VNA)
Lao Cai (VNA) – Total import-export turnover through bordergates of northern Lao Cai province, which borders China, reached nearly 1.7billion USD in 2020, equal to 94 percent of the previous year.

According to Director of provincial Customs DepartmentNguyen Viet Quang, of the figure, over 1 billion USD came from exports,while 610 million USD from imports, equivalent to 97 percent and 89 percent ofthose of 2019, respectively.

The main exports are farm produce, iron ore, yellowphosphorus and peeled wood, while main imports include agricultural products,tobacco, fertilisers, chemicals, machinery and equipment.

Last year, the department’s State budget collectionsurpassed 1.4 trillion VND (60.68 million USD), equal to 68.5 percent of the previous year's figure.

Quang attributed the decrease to negative impacts of theCOVID-19 pandemic./.
VNA
#import-export turnover#border gates#Lao Cai#China#COVID-19#Vietnam#Vietnamplus#Vietnam News Agency
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