Business

Vietnam-China economic zone to aid trade surge

A trans-national economic cooperation zone connecting Dong Dang (Lang Son, Vietnam) and Pingxiang (Guangxi, China) will benefit both local and national cooperation and mutual development, heard a workshop.
A trans-national economic cooperation zone connecting Dong Dang (LangSon, Vietnam) and Pingxiang (Guangxi, China) will benefit both local andnational cooperation and mutual development, heard a workshop.

Ma Jixian, Deputy Director of the Department of Commerce of China’sGuangxi, which borders Vietnam’s northern Lang Son province, said it’stime for both sides to build such a zone when addressing the workshop toboost cross-border trade through Lang Son on November 4.

Participants suggested Lang Son develop infrastructure, improve bordergate management, simplify customs procedures along increasing customscooperation with China in the effort.

Over the pastyears, Lang Son has accelerated its socio-economic reform andstrengthened its ties with China’s Guangxi Zhuang Autonomous Region.

The province’s trade grew 27 percent on average a year in 2005-2010.It reached nearly 2.2 billion USD in 2012, a 35 percent rise from 2010,and is expected to hit 2.4 billion USD this year.

Aweek-long Vietnam – China Trade Fair is underway in the province’s LangSon city with the participation of over 330 businesses, including 30Chinese firms, as part of efforts to increase bilateral trade value.-VNA
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