Vietnam develops border gates into key economic zones
Quang Ninh province, home to three border economic zones of Mong Cai, Hoanh Mo – Dong Van and Bac Phong Sinh, has carried out a breakthrough strategy on developing modern transport infrastructure, thus facilitating trade exchanges and economic development in zones.
The Van Don – Mong Cai Highway was put into operation two years ago, forming a network that connects Lao Cai, Hanoi, Hai Phong, Van Don and Mong Cai, and links Lao Cai and Mong Cai International Border Gates with China’s Hekou and Dongxing ones.
Meanwhile, the border gate economic zone in Lang Son province has attracted 154 domestic and foreign projects worth over 738 million USD since 2016, most of which are in the area of infrastructure development, meeting the demand of trade exchanges in the border areas.
In Cao Bang province, nearly 300 billion VND from the State budget was injected into its border gates for the construction of essential infrastructure during 2021-2023, helping the locality lure 54 domestic and foreign projects.
As State capital has also been arranged for the development of the border gate economic areas in Ha Giang and Lai Chau provinces, they have seen robust trade activities and better State budget collection.
However, several localities are facing challenges in developing economy at their border gates, including poor transport connectivity between Ha Giang and economic hubs, and import-export procedures in Cao Bang province.
Earlier, the Prime Minister agreed to select eight key border gate economic zones to receive state budget for development in the 2021-2025 period. They are Mong Cai, Dong Dang-Lang Son, Lao Cai, and Cao Bang border gate economic zones in the northern provinces of Quang Ninh, Lang Son, Lao Cai, and Cao Bang, respectively.
Also on the radar for development is the Cau Treo international border gate economic zone in the central province of Ha Tinh, the Lao Bao special economic-trade zone in the central province of Quang Tri, the Moc Bai border gate economic zone in the southern province of Tay Ninh, and the Mekong Delta province of An Giang’s border gate economic zone./.
Related News
Latest News
Việt Nam’s GDP growth to outpace region peers: Oxford Economics
20:30 | 21/12/2024 Headlines
PM asks efforts to achieve more than 8 per cent economic growth in 2025
20:27 | 21/12/2024 Headlines
Việt Nam's administrative restructuring will not impact foreign investors, says Foreign Ministry
20:25 | 21/12/2024 Headlines
Vietnam’s GDP growth to outpace region peers: Oxford Economics
09:39 | 20/12/2024 Headlines
More News
Government Party Organisation must be elite, streamlined, ensure effective operations: PM
09:34 | 20/12/2024 Headlines
Vietnam among Asia’s 15 largest economies
15:42 | 19/12/2024 Headlines
Chinese media praises Vietnam’s economic achievements, outlook
15:40 | 19/12/2024 Headlines
Vietnam International Defence Expo 2024 opens
15:37 | 19/12/2024 Headlines
Vietnam sees growing number of Chinese investors: forum
15:37 | 18/12/2024 Headlines
Border gate planning: Issues for Lang Son
10:02 | 17/12/2024 Headlines
Vietnam’s GDP growth poised for robust growth in 2024: officials
13:50 | 16/12/2024 Headlines
Total retail sales of goods, services in 11 months up 8.8%
16:58 | 15/12/2024 Headlines
Vietnam should tap domestic market for economic growth: insiders
16:53 | 15/12/2024 Headlines
Your care
Việt Nam’s GDP growth to outpace region peers: Oxford Economics
20:30 | 21/12/2024 Headlines
PM asks efforts to achieve more than 8 per cent economic growth in 2025
20:27 | 21/12/2024 Headlines
Việt Nam's administrative restructuring will not impact foreign investors, says Foreign Ministry
20:25 | 21/12/2024 Headlines
Vietnam’s GDP growth to outpace region peers: Oxford Economics
09:39 | 20/12/2024 Headlines
Government Party Organisation must be elite, streamlined, ensure effective operations: PM
09:34 | 20/12/2024 Headlines