The Government needs to come up with flexible policies to exploit thesignificant potential that exists for developing border trade in thecountry, experts have said.
Vietnam shares long borders with China, Laos and Cambodia with dozens of international border crossings.
Border trade has grown at around 10 percent each year, reaching atotal of 72 billion USD during the 2008-13 period, accounting for anincreasing portion of bilateral trade that the country enjoys with itsthree neighours.
For instance, the border trade hasaccounted for 30 percent of the total bilateral trade between Vietnamand China every year.
One of the busiest tradingoutposts is the Mong Cai border gate in northern Quang Ninh province. At28.17 billion USD, this gate accounted for 45.3 percent of total tradevalue at border gates and seaports in the province.
Such high numbers have shown that border trade between the province andChina has played an important role in trade policies and also theprovince's socio-economic development policies.
Hoang Minh Tuan, head of the Border and Mountainous Trade Departmentunder the Ministry of Industry and Trade, said the borders have 285border markets, border gate markets and markets in border gate economiczones. These markets have seen high growth in business activities andborder gate economic zones have become dynamic trade centres.
However, management of border trade activities has been implementedunder general trade policies, so they have not helped promote thepotential of border trading, Tuan told the Vietnam News Agency.
Trade policies for the three countries have had to change many timesand trade at the border gates between Vietnam and those countries havebeen affected by these changes, he said.
Nguyen VanBinh, deputy chairman of the People's Committee of northern Lang Sonprovince, said the Government should have flexible management policiesto assist the economic management of provinces.
Theprovinces, meanwhile, should have more power in managing border tradeactivities to flexibly deal with changes in trade policies ofneighbouring countries and ensure increased border trade values, Binhsaid.
Also, a representative from the Ministry ofDefence said the Government should provide direction in the managementof border trade activities, due to demands on developing markets andenterprises. Therefore, the steering committee on border trade shouldquickly collect information about market demands, including goods,prices and challenges for making market forecasts.-VNA
Vietnam shares long borders with China, Laos and Cambodia with dozens of international border crossings.
Border trade has grown at around 10 percent each year, reaching atotal of 72 billion USD during the 2008-13 period, accounting for anincreasing portion of bilateral trade that the country enjoys with itsthree neighours.
For instance, the border trade hasaccounted for 30 percent of the total bilateral trade between Vietnamand China every year.
One of the busiest tradingoutposts is the Mong Cai border gate in northern Quang Ninh province. At28.17 billion USD, this gate accounted for 45.3 percent of total tradevalue at border gates and seaports in the province.
Such high numbers have shown that border trade between the province andChina has played an important role in trade policies and also theprovince's socio-economic development policies.
Hoang Minh Tuan, head of the Border and Mountainous Trade Departmentunder the Ministry of Industry and Trade, said the borders have 285border markets, border gate markets and markets in border gate economiczones. These markets have seen high growth in business activities andborder gate economic zones have become dynamic trade centres.
However, management of border trade activities has been implementedunder general trade policies, so they have not helped promote thepotential of border trading, Tuan told the Vietnam News Agency.
Trade policies for the three countries have had to change many timesand trade at the border gates between Vietnam and those countries havebeen affected by these changes, he said.
Nguyen VanBinh, deputy chairman of the People's Committee of northern Lang Sonprovince, said the Government should have flexible management policiesto assist the economic management of provinces.
Theprovinces, meanwhile, should have more power in managing border tradeactivities to flexibly deal with changes in trade policies ofneighbouring countries and ensure increased border trade values, Binhsaid.
Also, a representative from the Ministry ofDefence said the Government should provide direction in the managementof border trade activities, due to demands on developing markets andenterprises. Therefore, the steering committee on border trade shouldquickly collect information about market demands, including goods,prices and challenges for making market forecasts.-VNA
