January 31, 2023 | 20:05 (GMT+7)
Border trade up in Lao Cai province
The Northern province of Lao Cai has recorded vibrant import and export activities via border gates with China in January, posting USD 49.5 million in turnover from January 1-29.
The figure comprises USD 25.7 million in imports and USD 23.8 million in exports, statistics show.
Local authorities said since the beginning of 2023, over 45,000 tons of farm produce have been exported via the Kim Thanh International Land Border Gate No.2, which is part of the Lao Cai (Vietnam) - Hekou (China) international border gate pair, generating more than USD 21 million in revenue, up 27% from a year earlier.
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At Kim Thanh International Land Border Gate No.2 |
The main exports are fresh fruits from Vietnam such as green banana, watermelon, dragon fruit, peanut, and bamboo and rattan items. Meanwhile, imports include mainly farm produce, confectionery, chemicals, and machinery.
Nguyen The Hung, Deputy Director of the Lao Cai Border Gate Customs Sub-department under the provincial Customs Department, said the Kim Thanh International Land Border Gate No.2 has seen busy export and import activities since the start of 2023.
Goods have been cleared quickly, even during the lunar New Year holiday, he noted.
Lao Cai province targets USD 5 billion in total foreign trade in 2023, doubling the figure last year.
Source: VNA