The Kim Thanh Exhibition and Convention Centre in Lao Cai province will be rebuilt into a modern border market and trading centre. (Photo laogai.gov.vn)
LaoCai (VNA) - The northern mountainous province of Lao Cai plans to buildKim Thanh border market and a trade centre to attract investment.
Theprovincial People's Committee has just proposed the project, consideringit as an important source to develop a centre for goods exchange on theborder with China and motivation for local economic development.
Aimingto be built with modern facilities, the market and the centre are expected torenovate and improve the efficiency of trading in the local areaand attract more businesses.
Itwill also promote the development of e-commerce, creating conditionsfor trading and exchanging goods between border residents,while preventing smuggling and trade fraud.
Accordingto the project, they will build three different zones including a zone forfairs and a showroom for regular product, a zone for border residents' marketsand a zone for wholesale markets for agricultural and aquatic products.
Thefirst zone will be built in the current Kim Thanh Exhibition and ConventionCenter covering 2.69ha while the second one will be built over 2.4ha where ane-commerce trading floor and e-commerce checking and delivery area also exist.
Tothe west of zone 1 on an area of 6.2ha, zone 3 will host a wholesale marketfor agricultural and aquatic products for domestic consumption, import andexport.
LaoCai expected to call for investment of 200 billion VND (8.6 million USD) andfinish the building in the 2020-2022 period through land lease auctions.
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The Kim Thanh Exhibition and Convention Centre in Lao Cai province will be rebuilt into a modern border market and trading centre. (Photo laogai.gov.vn) 
