Imports and exports via Lao Cai border gate grow by 75% in Q1

Lao Cai border gate continued to record robust growth in terms of import and export activities, with the value of goods and other services moving across the nation’s northern border reaching approximately US$950 million during the first quarter of the year, a rise of 75% compared to the same period from 2020.

Import-export activities via Kim Thanh No 2 international border gate in Lao Cai province (Photo: VNA)

In terms of the overall figure, roughly US$406 million came from exports during the reviewed period, representing an increase of 63% against the same period from last year, with some main export items being dragon fruit, mangoes, watermelons, and bananas.

Hoang Chi Hien, director of the Department of the provincial Industry and Trade, said amid numerous difficulties caused by the impact of the novel coronavirus (COVID-19) pandemic, the northern province’s import-export activities remain bustling. This is largely due to local businesses focusing on deploying numerous production activities for the purpose of initiating economic recovery efforts in the post-COVID-19 period.

Moving forward, this year Lao Cai province is aiming to reach an import and export turnover target of approximately US$4.6 billion, a rise of 30% compared to 2020.

Along with the implementation of synchronous administrative reform across all fields, the province has continued to apply a range of information technologies. This includes the Vietnam Automated Customs Clearance System (VNACCS/VCIS) and the electronic customs clearance system E-Customs which can facilitate the activities of enterprises, along with deploying the National Single Window and the ASEAN Single Window in an effective manner.

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