Trade up at Mong Cai border gate

The value of trade passing through the Mong Cai Border Gate in the northern province of Quang Ninh is estimated by the Ministry of Industry and Trade to have surpassed US$4.1 billion in 2008, an increase of 65 per cent over the previous year.

Exports were $1.13 billion, a year-on-year increase of 10.6 per cent, with key export products including unprocessed rubber, coal and seafood.

Imports passing through the border gate with China were up even more strongly, rising a whopping 83.2 per cent over 2007, with fertiliser, steel and pig iron, textiles and footwear among the leading products imported through the border crossing.

The ministry noted that the pace of imports and exports passing through the border gate slowed in the second half of the year, when the global economic slowdown began to show its effects.

But the ministry expected trade via Mong Cai to increase again as the Tet (lunar New Year) holiday was approaching. It also targeted higher exports of certain agricultural products, including soybeans and cassava starch.

The Mong Cai International Border Gate is located in the city of Mong Cai at the northern corner of the country.

 Viet Nam News

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