Import-export value through Lao Cai’s border gates declines due to COVID-19
Total import-export turnover through border gates of northern Lao Cai province, which borders China, reached nearly 1.7 billion USD in 2020, equal to 94 percent of the previous year.
Container trucks waiting to conduct export procedures at Lao Cai's Kim Thanh II border gate (Photo: VNA)
Lao Cai (VNA) – Total import-export turnover through bordergates of northern Lao Cai province, which borders China, reached nearly 1.7billion USD in 2020, equal to 94 percent of the previous year.
According to Director of provincial Customs DepartmentNguyen Viet Quang, of the figure, over 1 billion USD came from exports,while 610 million USD from imports, equivalent to 97 percent and 89 percent ofthose of 2019, respectively.
The main exports are farm produce, iron ore, yellowphosphorus and peeled wood, while main imports include agricultural products,tobacco, fertilisers, chemicals, machinery and equipment.
Last year, the department’s State budget collectionsurpassed 1.4 trillion VND (60.68 million USD), equal to 68.5 percent of the previous year's figure.
Quang attributed the decrease to negative impacts of theCOVID-19 pandemic./.
Agricultural products exported through the Lao Cai International border gate during the first half of the year enjoyed a sharp increase amid the negative impacts caused by the coronavirus epidemic and flooding occurring in China.
Farmers and authorities in the northern mountainous province of Lao Cai have come together to improve the production and consumption of local products within a national rural area economic development programme, thus improving local livelihoods.
The 20th Vietnam-China border economic and trade fair kicked off at the Kim Thanh Exhibition and Convention Centre in the northern mountainous province of Lao Cai and the Hekou International Exhibition Centre in China’s Yunnan province on December 12.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
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.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
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.
Container trucks waiting to conduct export procedures at Lao Cai's Kim Thanh II border gate (Photo: VNA) 
