Improving efficiency of northern border trade

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Báo QĐND English - 74 month(s) ago 5 readings

Improving efficiency of northern border trade

Vietnam-China border trade activities are not facilitated as expected and Vietnamese businesses are often not active in exporting to the potential Chinese market.

Deputy Minister of Industry and Trade Nguyen Cam Tu made the statement at a meeting in Hanoi on November 18 reviewing trade activities across northern border lines in the 2006-2011 period.

Tran Bao Giam, Head of the Market and Border Trade Department under the Ministry of Industry and Trade (MoIT) said Vietnam has seven provinces bordering China’s Yunnan and Guangxi provinces. Vietnam-China border areas are considered a gateway to the key northern economic zone.

The Government and ministries have issued appropriate policies in line with border trade development, which facilitates import-export activities in the 2006-2011 period. With the ASEAN-China Free Trade Area, “two corridors and one economic belt” program between Vietnam and China and the expansion of the Greater Mekong Sub-region cooperation, these border gates will help boost trade exchange not only between Vietnam and China but also with other countries in the world, Giam said.

The seven Vietnamese provinces bordering China are Quang Ninh, Lang Son, Cao Bang, Ha Giang, Lao Cai, Dien Bien and Lai Chau. The average trade turnover between these provinces and China increased by 16.6 percent from US$7.1 billion to US$23.85 billion in the 2006-2010 period.

Deputy Minister Tu proposed building long and medium-term strategies to promote border trade with China and coordination regulations between central authorities via border provincial people’s committees for managing and improving border trade efficiency.

The MoIT has urged the Government to further strengthen border trade promotion activities, develop technical infrastructure, and encourage businesses to build distribution centres, transit warehouses, and special stores at border gates.

Source: VOV

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