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.

The Prime Minister on Apr. 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 USD.

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