Quang Ninh: Cross-border trade flourishes

08:27 | 28/02/2017 Trade

Import-export turnover through Mong Cai, which is a border economic zone in the northern coastal province of Quang Ninh, hit more than US$1.8 billion in the first month of 2016, representing a year-on-year increase of 169.7%.

The value of exports going through the border gate in the period reached US$855 million, up 186.1% against January last year, Vice Chairman of the Mong Cai City People’s Committee Nguyen Tien Dung said.

The Mong Cai border gate’s customs section said the agency approved 2,806 customs declarations from export and import enterprises from January 1-February 4, with a total value of US$2.9 billion, collecting VND45.66 billion (over US$2 million) for the State budget.

Minh Thang Port, which is owned by the Minh Thang Co., Ltd. was put into operation on January 29 and carried out customs clearances for about 20 containers per day.

The Thanh Dat Inland Container Depot also witnessed bustling activities in January. Deputy Director of the port Thanh Dat said about 50-60 containers were cleared by customs at the port per day.

Nguyen Tien Dung said municipal authorities have worked to fully exploit the locality’s assets as a border-gate economy, contributing to changing the structure of the local economy.

The city has also held dialogues with enterprises and investors in the locality with the aim of addressing difficulties facing them in a timely manner.

Vo Hong Chung, deputy head of the Mong Cai border gate’s customs section, said his agency was willing to work around the clock for customs clearance at the gate.

To develop Mong Cai into a modern international border gate city, municipal authorities are focusing their efforts on key infrastructure projects, such as the Bac Luan 2 Bridge, and the upgrading and expansion of Bac Luan Border Gate 1.

Administrative procedures were simplified, while the time for customs clearance was shortened, helping reduce expenses for enterprises.

Theo VNA