Lao Cai international border gate (Photo: kienthuc.net.vn)
Lao Cai (VNA) - The northern province of Lao Cai and the neighbouring Chinese province of Yunnanඣ have agreed to focus on fostering trade ties by continuing Lao Cai-Hekou border trade and speeding up the building of a cross-border economic cooperation zone.
The localities will continue increasing collaboration in transport, tourism, culture and quarantine, as agreed during economic and trade cooperation talks in Lao Cai on November 13, which was held within the framework of the 15th Vietnam-China International Trade Fair.
Last year, Lao Cai’s import-export revenue with Yunnan reached 1 billion USD. In the first 10 months of this year, the figure hit nearly 1 billion USD.
The sides also organised a number of conferences, including those to promote the trading of agricultural and aquatic products and handicrafts, while focusing on speeding up administrative reform in customs and e-customs applications.
Currently, Lao Cai is hosting 13 China-funded FDI projects, including the 220kV Hekou-Lao Cai power transmission project, Seng Chung Ho hydropower plant and the Lao Cai iron and steel factory.
The localities will also continue promoting each others’ tourism products with high-quality tours and destinations.
They also signed a Memorandum of Understanding on the building of the Lao Cai-Yunnan cross-border economic cooperation zone, defining their partnership principles, as well as the planning and trade sectors in the zone.
During the talks, Do Truong Giang, Head of the Lao Cai Industry and Trade Department, and local officials answered questions from Yunnan enterprises on storage and transport fees at the Lao Cai border gate.-VNA
Nearly 100 domestic and Chinese businesses took part in a conference on boosting exports in farm produce, seafood and timber products, which was held in the northern province of Lao Cai on May 28.
Authorities in the provinces of Lao Cai, in Vietnam, and Yunnan, in China, are actively constructing the Lao Cai – Honghe economic zone, it was revealed at a meeting between leaders in the Vietnamese locality on May 12.
Officials of the northern mountainous province of Lao Cai held a working session with a delegation from Hong He county in China’s southern Yunnan province on May 25 to discuss preparations for a bilateral cross-border economic cooperation zone.
The 15th Vietnam-China International Trade Fair will take place from November 12-17 in the northern border province of Lao Cai to promote cooperation and friendship between participating countries.
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.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Lao Cai international border gate (Photo: kienthuc.net.vn)
