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Northern province boosts cross-border trade
The northern province of Lang Son has been taking numerous breakthrough solutions in order to push up the cross-border trade to neighbour China and develop the border areas’ infrastructure.
Sharing more than 200 km of the border line with China’s Guangxi province, Lang Son has two international and two local main border gates to China , not mention to auxiliary ones. With motorway and railway systems, the province is one of the major centres for the economic cooperation between Vietnam and ASEAN with China, and also the first tip in the economic corridor connecting Lang Son, Hanoi, Hai Phong city and Quang Ninh province of Vietnam with Nanning city of China.
With its geographic advantages, Lang Son has become a big entrepot of Vietnam and ASEAN countries to China.
According to Bui Gia Tuan, Deputy Director of the provincial Department of Industry and Trade, the cross-border trade between Lang Son and Guangxi has been strongly developing with the export-import turnover increasing. The foreign investment, mostly from Guangxi and other Chinese localities, so far has reached nearly 200 million USD injected in 30 projects; and the import-export turnover was 1.5 billion USD.
The province’s export staples to China include farming, forestry and fishery products, minerals and consumer goods. The locally-processed products include star aniseeds, resin, medicinal herbs, metal ores, and wood chips fetching 36 million USD in the first nine months, up 40 percent over the same period last year. The import staples include machines, equipment, steel, vans and transport facilities, fruits and consumer goods.
Ha Hong, Vice Head of the Dong Dang Border Economic Zone Management Board, said Lang Son plans to develop the Dong Dang EZ to an economic complex. It will push up investment and exploit potentials with the aim of becoming key part of the northern economic quadrangle of Lang Son-Hanoi-Hai Phong-Quang Ninh.
The province will facilitate investment in socio-economic infrastructure projects, and give more incentives to domestic and foreign exporters-importers doing business via the province.
Lang Son has recently organised a seminar on accelerating export-import on the occasion of the 60th anniversary of diplomatic ties between Vietnam and China.
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