The import and export of goods and services via the Lao Cai international border gate – an important transit point between Vietnam and China -stood at nearly 950 million USD in the first quarter of this year, up 75 percent year-on-year.
Exports surged 63 percent to around 406 million USD during the period; dragon fruit, mangoes, watermelons and bananas. The province has targeted total exports-imports of around 4.6 billion USD this year, up 30 percent year-on-year.
The Lao Cai international border gate is one of eight major border economic zones receiving State budget funds for development during 2021-2025. The province is stepping up planning to expand its border economic zone to 16,000 ha, with priority given to infrastructure, investment attraction, and logistics.