Vietnam strives for 30 bln USD border trade by 2020
Vietnam aims to record 30 billion USD from border trade by 2020,
according to a development plan approved recently by the Prime Minister.
Vietnam aims to record 30 billion USD from border trade by 2020,
according to a development plan approved recently by the Prime Minister.
Under the plan, the country may fetch as much as 14 billion USD in export earnings, with imports valued at as much as 16 billion USD.
By 2030, border trade is forecast to reach 50 billion USD. Approximately 22 billion USD will come from exports.
A number of selected border economic zones (EZs) will be provided with State assistance to develop in line with the nation's five-year socio-economic development plan.
The country is now home to 28 border EZs, which span a total area of 600,000ha.
These zones have experienced strong growth in the past few years, achieving a trade value of 5.44 billion USD in 2010, according to the Ministry of Planning and Investment.
Cross-border trade now accounts for 15 percent, 85 percent and 75 percent of the country's total import-export turnover with China , Laos and Cambodia , respectively.
Despite changes in some neighbouring countries' border trading policies, border trade has still increased remarkably and contributes significant amounts to the State budget, said Minister Bui Quang Vinh.
To date, Vietnam 's border EZs have attracted 70 foreign-invested projects totally capitalised at over 700 million USD.-VNA
Under the plan, the country may fetch as much as 14 billion USD in export earnings, with imports valued at as much as 16 billion USD.
By 2030, border trade is forecast to reach 50 billion USD. Approximately 22 billion USD will come from exports.
A number of selected border economic zones (EZs) will be provided with State assistance to develop in line with the nation's five-year socio-economic development plan.
The country is now home to 28 border EZs, which span a total area of 600,000ha.
These zones have experienced strong growth in the past few years, achieving a trade value of 5.44 billion USD in 2010, according to the Ministry of Planning and Investment.
Cross-border trade now accounts for 15 percent, 85 percent and 75 percent of the country's total import-export turnover with China , Laos and Cambodia , respectively.
Despite changes in some neighbouring countries' border trading policies, border trade has still increased remarkably and contributes significant amounts to the State budget, said Minister Bui Quang Vinh.
To date, Vietnam 's border EZs have attracted 70 foreign-invested projects totally capitalised at over 700 million USD.-VNA
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