Biggest Trade, Industrial Zone in Northwestern Vietnam Starts Operation
Kim Thanh trade and industrial zone was put in use in the northern border province of Lao Cai on Oct. 24 after the eight-year construction period, the biggest of its kind in Vietnam’s northwestern region.
The establishment is expected to help boost the development of the Kunming-Lao Cai-Hanoi-Haiphong economic corridor and Vietnamese exports to the Chinese market.
The zone covering 156 ha of Lao Cai city and Bat Xat district has seven small zones, including a management area, an exhibition-fair zone, a trade complex and a warehouse.
Thirty two work items of the zone were built at a combined cost of VND200 billion ($11.2 million), said Deputy Director of the Border Economic Management Board and Director of the zone’s Management Center Nguyen Duc Loi.
The Kim Thanh trade and industrial zone has so far attracted 14 domestic and foreign invested projects capitalized at VND800 billion ($44.8 million) in total, he added.
The Management Board of the Lao Cai Border Gate Economic Zone (EZ) estimated that Vietnam’s total trade value via the EZ stood at $306 million in the first eight months of this year. (Vietnam Economic Times, VNA)
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