Trade through Mong Cai border gate surges over 58%

More than 300,000 tonnes of goods were traded through the crossing points of the Mong Cai International Border Gate as of late February, a 56.4% increase year-on-year. Export value accounted for 424 million USD, while imports totaled more than 200 million USD.

Vehicles transporting goods via the Mong Cai International Border Gate. (Photo: VNA)
Vehicles transporting goods via the Mong Cai International Border Gate. (Photo: VNA)

Quang Ninh (VNA) – Total trade revenue through the Mong Cai International Border Gate in the northern province of Quang Ninh topped 624 million USD as of the end of February, a year-on-year surge of 58.23%, according to head of the border gate management board Tran Bich Ngoc.

Export value accounted for 424 million USD, while imports totaled more than 200 million USD.

The border gate saw increased business activities with 578 enterprises undergoing customs procedures, of them 178 local, representing a rise of 114 firms compared to the same period last year, with 91 newly registered businesses.

More than 300,000 tonnes of goods were traded through its border gates and crossing points through late February, a 56.4% increase from the corresponding time in 2024.

The Bac Luan II Bridge border gate, specifically, handled some 15,000 vehicles, a 153% increase from last year, averaging 294 vehicles daily. The total volume of goods traded through this checkpoint reached over 184,000 tonnes, up 83.68% year-on-year, with a daily average of 3,616 tonnes.

Meanwhile, the Km 3+4 Hai Yen crossing point recorded 89 vehicles with approximately 2,100 tonnes of exported goods daily. Total exports through this crossing stood at nearly 100,000 tonnes, up 109%. Key exports included fruit, cassava flour, frozen seafood, and fresh shrimp, crab, and fish./.

VNA

See more

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.

The economy's total credits reach over 15.6 quadrillion VND (610.3 billion USD) in 2024 (Photo: VNA)

Banking sector urged to expand credits to support economic growth

SBV Deputy Governor Dao Minh Tu stated that an average credit growth of over 2% would contribute to a 1% increase in the country's GDP. Therefore, for 2025, the central bank aims for a credit growth target of around 16% to contribute to the economic growth target of 8%.

Garment production at May 10 Corporation (Photo: VNA)

Vietnam emerges as key hub for int’l textile manufacturers

Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption. The industry’s growth is supported by a well-developed logistics network, a skilled workforce, and a stable political environment.

Apartment buildings along Metro Line 1 and Vo Nguyen Giap Boulevard, Thu Duc city. (Photo: VNA)

Metro Line 1 prompts investments in HCM City's eastern apartment market

The newly operational Metro Line 1 is a key driver for real estate projects, particularly in retail and office spaces. The commercial real estate sector typically lags behind the residential market. As communities grow and stabilise, demand for commercial spaces rises accordingly.

Prime Minister Pham Minh Chinh (centre, front row) in a group photo with participating business representatives. (Photo: VNA)

PM Pham Minh Chinh urges SMEs to break limits for growth

As of December 31, 2024, Vietnam had over 940,000 active businesses, with SMEs making up nearly 98%. These enterprises employ 5.5 million workers and hold a combined capital of 16.6 quadrillion VND (650.08 billion USD), accounting for less than 30% of the total business capital in the country.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien (first, left) and inspectors examine fishing vessels' daily records at Dong Tac fishing port in Tuy Hoa city, Phu Yen province. (Photo: VNA)

Phu Yen asked to take stronger actions in combating IUU fishing

Deputy Minister of Agriculture and Rural Development Phung Duc Tien asked the south central province of Phu Yen to take stronger actions in combating illegal, unreported and unregulated (IUU) fishing, while making a field trip to the Dong Tac fishing port in Tuy Hoa city on February 26.

Experts share information at an event briefing information to export to UK in HCM City on February 25. (Photo Courtesy of British consulate general in HCM City)

UK to export more products to Vietnam

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is creating new opportunities for Vietnamese importers, retailers, and distributors to source more products from the UK, according to David Johnstone, Head of Free Trade Agreement Utilisation at the UK Government.

delegates at the event (Photo:petrolimex.com.vn)

Petrolimex, ADB partner in energy transition

ADB will provide technical support for Petrolimex to carry out its work, including a preliminary assessment of the group's investment and business portfolio and potential energy transition roadmaps.

VinFast and VASEP sign a cooperation agreement on February 26 to promote green transition and sustainable development. (Photo: VASEP)

VinFast, VASEP partner for green transition

Under the deal, VASEP and its member enterprises will prioritise using VinFast electric vehicles for transportation and logistics, while VinFast will offer incentives for VASEP’s staff and member businesses to switch from gasoline to electric vehicles.