A border gate economic zone is going to be formed in the northern province of Cao Bang after a decision by Prime Minister Nguyen Tan Dung.
The zone, in an area bordering China, will cover 30,000 ha, 37 communes and three towns, according to information released at an April 29 ceremony in Cao Bang.
Running along the 265km shared borderline with China’s southwestern province of Guangxi, the zone will be formed by merging three existing local border gate economic zones, namely Ta Lung, Tra Linh and Soc Giang.
A non-tariff area will be enforced and international border gates, industrial parks, financial and administrative centers and urban and residential areas developed.
The zone is expected to help turn the province into a commercial and tourism hub and serve as an important gateway linking the Association of Southeast Asian Nation (ASEAN) with China.
It is also hoped to empower competitiveness with Chinese economic zones, generate jobs for 1,000 locals and see an annual import-export surge of 17-20 percent in the 2016-2020 period.-VNA
The zone, in an area bordering China, will cover 30,000 ha, 37 communes and three towns, according to information released at an April 29 ceremony in Cao Bang.
Running along the 265km shared borderline with China’s southwestern province of Guangxi, the zone will be formed by merging three existing local border gate economic zones, namely Ta Lung, Tra Linh and Soc Giang.
A non-tariff area will be enforced and international border gates, industrial parks, financial and administrative centers and urban and residential areas developed.
The zone is expected to help turn the province into a commercial and tourism hub and serve as an important gateway linking the Association of Southeast Asian Nation (ASEAN) with China.
It is also hoped to empower competitiveness with Chinese economic zones, generate jobs for 1,000 locals and see an annual import-export surge of 17-20 percent in the 2016-2020 period.-VNA
