Import-export turnover across northern border soars

The northern border gates have been restored after three years of stagnation, helping Vietnam's import-export turnover with China through the northern border provinces increase by 242% in the first quarter of this year over the same period last year.

Import-export turnover across northern border soars hinh anh 1

Lach Huyen International Port in Hai Phong. (Photo: VNA)

The northern border gates have been restored after three years of stagnation, helping Vietnam's import-export turnover with China through the northern border provinces increase by 242% in the first quarter of this year over the same period last year.

The General Department of Customs said that the total import and export turnover with China across the northern border reached nearly 9.3 billion USD in the first quarter of this year, up nearly three times over the same period last year.

In the northern border provinces, most of the border gates that were closed in the last months of last year due to the Chinese implementation of measures to prevent and control the COVID-19 pandemic have now become busy again.

Preliminary statistics from the Lang Son Customs Department showed that border-gate customs units have received and processed 23,985 sets of import and export declarations with a turnover of 622.44 million USD by the end of March 14, an increase of 54.5% over the same period last year.

In which, the number of export goods declarations registered by enterprises with 10,560 sets of declarations, valued at 284.38 million USD, an increase of 348.9% year-on-year.

In Cao Bang, import and export turnover through the locality also grew sharply, up to 60%, reaching 69.5 million USD. Notably, export turnover rose by 214%.

Import and export turnover through Lao Cai international border gate reached nearly 186 million USD in the first three months of this year.

Of this figure, exports reached 92.4 million USD, up 90.1% over the same period last year. Imports reached 93.2 million USD, up 15.2%.

Notably, agricultural products are still the main export products, reaching a turnover of more than 71 million USD, up 63.2% year-on-year and accounting for 76.8% of export turnover.

Similarly, the Mong Cai Border Gate Customs Sub-Department under the Quang Ninh Customs Department revealed statistics that the total import-export turnover hit 504.96 million USD in the past three months; a 102.01% increase in declarations.

Particularly, export goods of border residents grew by 288.96% in declarations and 134.86% in turnover over the same period last year.

In order to have this positive result, the customs offices located in these localities have made great efforts to coordinate with the functional forces to carry out customs procedures, inspect and supervise goods quickly to facilitate business timely delivery to the partner’s side.

Some provinces have reached agreements with the neighbouring country’s localities to increase the working time of the day to support businesses, said Bui Minh Hai, a representative from the Customs Supervision and Management Department under the General Department of Vietnam Customs, told Vietnam Financial Times (Thoi bao Tai chinh Vietnam).

Despite many positives, it is undeniable that the import and export results with this important partner have not reached the same pace as before.

Part of the cause was determined to be due to side gates, as the openings are still frozen.

Hoang Duc Hau, Deputy Director of the Cao Bang Customs Department, said that the locality had many border gates, but the side border gates and openings still did not have import and export activities, therefore, they could not promote the strengths of a province that has many border gates adjacent to China.

So are Lang Son, Lao Cai and Quang Ninh, although the authorities have created maximum convenience for import and export activities in the area, but in order to further strengthen the customs clearance capacity, many recommended that localities needed to step up exchanges and talks at all levels with the Chinese side to restore side border gates and extend the working time of the functional forces on the Chinese side at border gates./.

en.vietnamplus.vn

Related News

Latest News

VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - As one of Vietnam's strong export industries to the UK, especially when the Vietnam - United Kingdom of Great Britain and Northern Ireland Free Trade Agreement (UKVFTA) comes into effect, with a detailed information approach strategy, it has created a great driving force to promote the export of Vietnamese seafood products to this market.
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

VCN - By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN – In recent years, with the rapid development of cross-border e-commerce (CBEC) platforms, domestic enterprises in Vietnam have been facing numerous difficulties and challenges.

More News

Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.
Shrimp exports surge in 10 months, generating 3.2 billion USD

Shrimp exports surge in 10 months, generating 3.2 billion USD

Vietnam’s shrimp exports in October reached US$394 million, a strong 24% increase year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s exports to the U.S. near US$100 billion milestone

Vietnam’s exports to the U.S. near US$100 billion milestone

VCN - By the end of October, Vietnam's exports to the United States approached US$100 billion, reaffirming its position as Vietnam's largest export market.
From the “abnormal” coffee price, worries about the new crop

From the “abnormal” coffee price, worries about the new crop

VCN - The Vietnamese coffee industry enters the new crop with the question of what is a reasonable price to ensure benefits for coffee growers while still retaining international consumers.
What obstacles limit the market share of Vietnamese goods in the UK?

What obstacles limit the market share of Vietnamese goods in the UK?

VCN - Vietnamese goods account for only about 1% of total imports into the UK market. One of the reasons is that they have not yet built their own brands and have not focused on effective strategies and approaches to market information.
Why seafood exports to some Middle Eastern Countries are stalled

Why seafood exports to some Middle Eastern Countries are stalled

VCN - Several shipments of seafood exported to certain Middle Eastern countries have been delayed due to legal challenges related to consular legalization procedures. This has created significant bottlenecks in accessing these markets.
Storm No. 3 destroys profits of many insurance companies

Storm No. 3 destroys profits of many insurance companies

VCN - Due to the impact of storm No. 3, the business results of the third quarter and the first 9 months of 2024 of the insurance sector have been significantly affected. This requires more efforts from businesses for the results of the whole year 2024.
Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Cooperation in the Halal industry can help Vietnamese products reach nearly 2 billion Muslim consumers worldwide, representing over 24% of the global population, according to Malaysia’s Minister of Investment, Trade, and Industry Zafrul Abdul Aziz.
Tra fish sector aiming for production, processing greening for sustainable development

Tra fish sector aiming for production, processing greening for sustainable development

Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.
Read More

Your care

Latest Most read
VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - Mr. Nguyen Hoai Nam, Deputy General Secretary, Vietnam Association of Seafood Exporters and Producers (VASEP), said that the advantage that UKVFTA brings is that the main products of the seafood industry enjoy 0% import tax to the UK, especially key
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN - E-commerce platforms have emerged as crucial distribution channels, enabling goods to reach consumers quickly and conveniently.
Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.
Mobile Version