The Prime Minister on Apr. 10 signed a decisionto establish Mong Cai border economic zone in the northern provinceof Quang Ninh. The decision took effect on June 1.
The 121,197 hectare complex will cover 17 wards of Mong Cai city, HaiHa industrial zone and seaport, Quang Ha town and a number of communesin Hai Ha district.
Once operational,it will accommodate a non-tariff area, industrial zones, a financialcentre, an administrative centre, a residential area and otherfunctional areas.
Over the years, MongCai 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 USD.
This revenue accounted for 95.7 percent of the province’s total tradewith neighbouring China and made up 40 percent of the totalimport-export turnover through northern border gates during the sameperiod.-VNA