Vietnam, China Eye to Trans-Border Economic Cooperative Zones
Vietnam and China are mulling over the establishment of trans-border economic cooperative zones in order to enhance the socioeconomic development of border sharing localities.
The two sides held a seminar Jan 7 in Hanoi to discuss details of the establishment, which was agreed by the two nation’s leaders during PM Dung’s visit to Beijing late 2008.
At present, the two countries are aiming for three zones to be located in Lao Cai province’s Kim Thanh- Yunnan province’s Beishan; Lang Son province’s Dong Dang-Guangxi province’s Pengxiang and Quang Ninh province’s Mong Cai-Guangxi province’s Dongxing.
Vietnam has not yet had any trans-border economic cooperative zone while China has so far established the model with Kazakhstan and Mongolia.
During the seminar, officials of the two nations also focused on measures to boost the Vietnam-China cross-border trade, particularly the setup of think-tanks to study priority policies on trade exchange via border gates.
Vietnam and China have just closed 7-year long land border demarcation of 1,400 kilometers with more than 2,000 borderland markers erected.
The two-way trade between Vietnam and China reached US$16.6 billion in the past ten months of last year, exceeding the whole of 2007 at US$15.8 billion. (Industry & Trade)
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