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Mong Cai all set for border gate trade zone

Update: April, 13/2012 - 09:32

HA NOI — The Government has signed a decision to establish the Mong Cai border gate economic zone in the north-eastern province of Quang Ninh.

The 121,197 ha zone, bordering China's Guang Xi Province to the north and the East Sea to the east, includes 66,197 ha of land and 55,000 ha of sea.

The free trade and duty free zone will feature modern international border gates, industrial zones, financial centres and residential areas.

It will include Mong Cai City, Hai Ha Industrial Zone and seaport, Quang Ha Town and a number of wards, districts and communes.

Mong Cai border gate with China is reportedly among one of the busiest in the country, handling about $16 billion worth of exports in the past five years.

It handles about 3.2 million tonnes of goods on average annually and is targeting export growth of 25 per cent per per year. — VNS

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