In a proposal sent to the Ministry of Industry and Trade (MoIT), the provincial Department of Industry and Trade urged the early submission of the project to create a commercial hub connecting economic and trade with the Southwest region of China for approval.

Kim Thanh International Border Gate No.2 in Lao Cai province. Lao Cai has proposed the development of a cross-border e-commerce zone or a free trade zone to promote trade with China.

Lao Cai is also looking for the Government’s approval to develop a regional ASEAN-China logistics center in the province.

The MoIT said that it has already discussed with the Chinese side how to operate models such as a free trade zone and a cross-border e-commerce zone and will be reporting back to Lao Cai province.

The ministry also urged Lao Cai to learn from the experience of building a smart border gate of Lang Son province.

The provincial Department of Industry and Trade said that China is developing an e-commerce zone with a total investment of 525 million USD in Hekou to promote trade and logistics.

Source: VNA