Trade between Vietnam and China has plunged as the latter suspended imports of Vietnamese goods via the Lao Cai International Border Gate from January 30.
Trade between Vietnam and China has plunged as the latter suspended imports of Vietnamese goods via the Lao Cai International Border Gate from January 30. (Photo: VNA)
Lao Cai (VNA) – Trade between Vietnam and China hasplunged as the latter suspended imports of Vietnamese goods via the Lao CaiInternational Border Gate from January 30.
The decision was made by China in the face of the prevalence ofthe new coronavirus (nCoV), according to Director of the Lao Cai provinceDepartment of Industry and Trade Do Truong Giang.
China has temporarily shut border markets in Hekou town in Yunnanprovince that border Vietnam’s Lao Cai province.
From January 25-30, only 3 million USD worth of goods were handledat the border gate, a decrease of more than 40 percent year-on-year.
Accordingto the Health Ministry, as of 12:00 on January 30, 7,819 cases of nCoVinfections had been confirmed in 19 countries and territories worldwide, withthe death toll climbing to 170, including 162 in Wuhan, where the first caseswere found.
Asof 15:20 the same day, three Vietnamese people had tested positive for nCoV,raising the total cases in the country to five./.
Earnings from agricultural product exports via Lao Cai International Border Gate in the northern province of Lao Cai since the beginning of 2018 exceeded 250 million USD, up 40 percent year on year.
The Lao Cai border economic zone will be developed into an industrial, urban, trade and service hub, serving as a driving force for the growth of the northern mountainous province of Lao Cai, according to the zone’s master plan.
Budget collection of the northern mountainous province of Lao Cai in 2018 is estimated at over 8 trillion VND (nearly 342.49 million USD), surpassing the assigned target by 41.7 percent and up 6.3 percent against the previous year, the provincial People’s Committee reported on December 11.
Border gates in northern Lao Cai province which borders China posted record trade value of 3 billion USD in 2018, according to the customs office at the Lao Cai International Border Gate.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Trade between Vietnam and China has plunged as the latter suspended imports of Vietnamese goods via the Lao Cai International Border Gate from January 30. (Photo: VNA) 
