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Lao Cai border gate sees 143% surge in import-export revenue in H1

Import-export revenue through the Lao Cai Border Gate surged 143% year on year in the first half of this year to 1.05 billion USD.
At the Kim Thanh International Road Border Gate No. 2 (Photo: VNA)
At the Kim Thanh International Road Border Gate No. 2 (Photo: VNA)

Lao Cai (VNA) – Import-export revenue through the Lao Cai Border Gate surged 143% year on year in the first half of this year to 1.05 billion USD.

According to Pham Van Phuc, Vice Chairman of the Lao Cai Border Gate Sub-Department of Customs, since the beginning of 2024, the Chinese side has resumed normal import-export activities through the border.

Meanwhile, customs clearance activities at the Kim Thanh International Road Border Gate No. 2 have been carried out smoothly, with no congestion of vehicles transporting goods, he said.

Averagely, 370 vehicles crossed the border gate each day, including 180 for export goods and 190 for import goods. The number of enterprises engaged in import and export activities totalled 515, a 22.6% increase from 2023, Phu said.

The number of customs declarations processed via the VNACCS/VCIP electronic system reached 36,754, he said.

He noted that State budget collection from import-export activities through local border gates in the first half of this year hit 381.4 billion VND (14.98 million USD), a surge of 66.5% year on year.

Meanwhile, six trains serving import-export activities have run through the international railway border gate each day.

ꦬ Statistics from the Lao Cai Department of Industry and Trade showed that total import-export value through local border gates in the first six months of this year hit over 1.57 billion USD, equivalent to 164.2% of the figure recorded in the same period last year, fulfilling 35% of the yearly plan. Of the total, imports were 886.6 million USD, equivalent to 186.2% of the same time last year’s figure./.

VNA

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