Master plan for Mong Cai border gate economic zone approved
The Prime Minister has signed a decision to approve a master plan for building the Mong Cai border gate economic zone in the northeast province of Quang Ninh by 2030.
Trade activity at Mong Cai border gate. (Photo: VNA)
The Prime Minister has signed a decision to approve a master plan for building the Mong Cai border gate economic zone in the northeast province of Quang Ninh by 2030, a drive to make the zone a proactive and key economic growth pole in the north.
The 121,197 hectare zone will cover 17 wards of Mong Cai city, Hai Ha industrial zone and seaport, Quang Ha town and a number of communes in Hai Ha district.
It is set to include a tax-free area, industrial zones, a financial centre, an administrative centre, a residential area and other functional areas.
In addition, it will accommodate modern and comprehensive facilities with excellent service networks and diversified tourism products. Once operational, it will improve resident li𝓡ving standards while playing an important role in defending Vietnam’s sea and island sovereignty.
Under the development plan, the zone covers a total area of more than 120,000 hectares in Mong Cai city and Hai Ha district. It borders China in the north, and the East Sea in the south-east.
It is expected to become an important pole that drives economic progress in Vietnam's northern region and along the coast of the Gulf of Tonkin. It will also link with China's Kunming economic corridor.
Comprehensive development of road and seaway infrastructure is necessary to achieve the goal. Facilities for healthcare, education and other fields such as electricity, water and the environment also need to be upgraded.-VNA
Prime Minister Nguyen Tan Dung has approved the extension of working hours at the Mong Cai border gate, the counterpart to China ’s Dongxing gate, from July 1.
Mong Cai city in the northern province of Quang Ninh has made Tran Phu off-limits to vehicles and exclusively for pedestrians at certain times of the week.
Northern Quang Ninh province has been enjoying an increasing number of visitors over the years, yet there’s still work to be done to further boost the length of their stay in the coastal province, according to Le Quang Tung, Vice Chairman of the provincial People’s Committee.
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.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Trade activity at Mong Cai border gate. (Photo: VNA)
