Mong Cai to have border economic zone

June 23, 2012 | 13:59
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The Prime Minister’s decision to establish a border economic zone in Mong Cai in the northern province of Quang Ninh was announced on June 21.
A corner of Mong Cai City. Source:baohaiquan.

The Prime Minister on April 10 signed a decision to establish Mong Cai border economic zone in the northern province of Quang Ninh. The decision took effect on June 1.

The 121,197 hectare complex will cover 17 wards of Mong Cai city, Hai Ha industrial zone and seaport, Quang Ha town and a number of communes in Hai Ha district.

Once operational, it will accommodate a non-tariff area, industrial zones, a financial centre, an administrative centre, a residential area and other functional areas.

Over the years, Mong Cai has seen a significant growth in its commercial ties with China, with an average yearly increase of 26.25 percent.

The total import-export turnover through the border gate at Mong Cai from 2006 to 2011 reached $18 billion.

This revenue accounted for 95.7 per cent of the province’s total trade with neighbouring China and made up 40 per cent of the total import-export turnover through northern border gates during the same period.

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