Bustling trade activities at border gates

Border gates have been bustling with trade activities in the first months of 2018.

                            
Lao Cai international border gate - Source: internet

In January, total import-export turnover through Tra Linh border gate in the northern province of Cao Bang surged 806.98 percent year-on-year to US$8.8 million, of which exports exceeded US$3.2 million with cashew nut and bamboo the main products.

From the beginning of the year to February 19, the customs department at Huu Nghi border gate in the northern province of Lang Son processed more than 6,470 sets of import-export declarations worth some US$371 million, up 163 percent year-on-year.

According to the Department of Industry and Trade in the northern province of Lao Cai, total import-export revenue through the locality was estimated at US$409.91 million, nearly 14 percent of the yearly target. Of which, exports exceeded US$165 million. 

In February, the locality recorded trade turnover of US$220 million, up 18.98 percent against the previous month. Of which, exports were valued at US$90 million, up 18.97 percent against January.

Such positive trade outcomes were attributed to synchronous measures to prevent smuggling and trade fraud and to simplify administrative procedures to facilitate trade.

 

Theo VNA

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