China has announced the reopening of Pingmeng border gate with Vietnam’s Soc Giang border gate in Cao Bang province from 10:00 on January 7. (Photo: VnEconomy)
Hanoi (VNA) – China has announced the reopeningof Pingmeng border gate with Vietnam’s Soc Giang border gate in Cao Bang provincefrom 10:00 on January 7.
The border gate was reopened just one day after the firstmeeting of the Working Group on Vietnam-China Trade Facilitation, theVietnamese Ministry of Industry and Trade (MoIT)’s Asia-Africa MarketDepartment said.
Earlier, the Tra Linh (Vietnam) - Longbang (China) border gate had alsobeen reopened.
On December 29, 2021, Vietnamese Minister of Industry and Trade Nguyen Hong Dien sent a letter to Secretary of the Guangxi Zhuang Autonomous Regional Committee of the Communist Party of China Liu Ning to discusscustoms clearance and measures to handle cargo congestion at border gates.
In the letter, the minister asked the Chinese side to realisecommon perceptions reached by high-ranking leaders of the two countries on theexpansion of the bilateral trade and the maintenance of the supply chain.
He suggested Guangxi and Vietnam’s border localities worktogether to deal with the goods congestion.
The Guangxi side said it has assessed COVID-19prevention and control at the border gates with Vietnam, noting that othergates would be gradually restored based on the latest pandemic situation./.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
China has announced the reopening of Pingmeng border gate with Vietnam’s Soc Giang border gate in Cao Bang province from 10:00 on January 7. (Photo: VnEconomy) 
