Lao Cai international border gate (Photo: kienthuc.net.vn)
Lao Cai (VNA) - 𒉰The northern province of Lao Cai and the neighbouring Chinese province of Yunnan 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.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
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More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Lao Cai international border gate (Photo: kienthuc.net.vn)
