Nghe An (VNA) – The central province of NgheAn has made various efforts to facilitate trade promotion activities and goods exchangewith Laos, thereby boosting border trade between the two sides.
The province has heavily invested in upgrading bordertrade infrastructure with the focus on building, expanding and renovating roadscrossing border gates with Laos and border markets.
Nghe An has six districts bordering Laos that are home toabout 30 border markets, including three located near border gates – Thanh Thuymarket (Thanh Chuong district), Thong Thu market (Que Phong district), and NamCan market (Ky Son district).
The province has also created favourable conditions for localenterprises to expand investment and business partnership with their peers fromLaos. It is estimated that there are about 90 firms from Nghe An doing businessand investing in the neighbouring country, mostly in the fields of mining,hydropower, wood processing, winemaking, steel manufacturing, forestry, travel,agribusiness, education, information and telecommunications.
To further stimulate two-way trade, Deputy Director ofthe provincial Department of Industry and Trade Vo Thi An has suggested the twosides upgrade Thanh Thuy – Nam On border gate to an international gate and opentwo auxiliary border gates.
The province has also proposed the two countries’governments to encourage exporters and importers of both sides making paymentsvia banks in an attempt to reduce cash payment and support the development ofcommercial banks at border areas.
Nghe An, Vietnam’s largest province by area, has 419 kmof border line shared with the Lao provinces of Houaphan, Kieng Khouang andBolikhamsai. It has five border gates to Laos, including the international gateof Nam Can and the four auxiliary gates of Thanh Thuy, Tam Hop, Cao Veu andThong Thu, which are seen as hubs for import and export activities in thecountry’s northwest.
In the first nine months of 2018, the trade turnoverbetween Nghe An and Laos reached nearly 20 million USD, up 25 percent from thesame period last year. –VNA
The province has heavily invested in upgrading bordertrade infrastructure with the focus on building, expanding and renovating roadscrossing border gates with Laos and border markets.
Nghe An has six districts bordering Laos that are home toabout 30 border markets, including three located near border gates – Thanh Thuymarket (Thanh Chuong district), Thong Thu market (Que Phong district), and NamCan market (Ky Son district).
The province has also created favourable conditions for localenterprises to expand investment and business partnership with their peers fromLaos. It is estimated that there are about 90 firms from Nghe An doing businessand investing in the neighbouring country, mostly in the fields of mining,hydropower, wood processing, winemaking, steel manufacturing, forestry, travel,agribusiness, education, information and telecommunications.
To further stimulate two-way trade, Deputy Director ofthe provincial Department of Industry and Trade Vo Thi An has suggested the twosides upgrade Thanh Thuy – Nam On border gate to an international gate and opentwo auxiliary border gates.
The province has also proposed the two countries’governments to encourage exporters and importers of both sides making paymentsvia banks in an attempt to reduce cash payment and support the development ofcommercial banks at border areas.
Nghe An, Vietnam’s largest province by area, has 419 kmof border line shared with the Lao provinces of Houaphan, Kieng Khouang andBolikhamsai. It has five border gates to Laos, including the international gateof Nam Can and the four auxiliary gates of Thanh Thuy, Tam Hop, Cao Veu andThong Thu, which are seen as hubs for import and export activities in thecountry’s northwest.
In the first nine months of 2018, the trade turnoverbetween Nghe An and Laos reached nearly 20 million USD, up 25 percent from thesame period last year. –VNA
VNA
