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VIETNAM BUSINESS NEWS APRIL 27 16:27  The US Department of Commerce (DOC) has announced the extension of deadline for issuing the final conclusion on the anti-dumping and anti-subsidy tax evasion investigation into hardwood plywood imported from Vietnam, according to the Ministry of Industry and Trade (MoIT). Accordingly,
the DOC plans to issue the conclusion on October 17 instead of April 20. This
is the third extension that the DOC has made on the case, which was launched
on June 17, 2020 following a request by the US Customs and Border Protection
(CBP). The
MoIT said that the purpose of the investigation is to ensure the efficiency
of trade remedies imposed on hardwood plywood of China. Therefore,
in case Vietnam's plywood manufacturers and exporters can prove that they are
not evading the trade remedy measures the US is applying to China, they will
not be subject to the anti-subsidy tax rates. Korean
financiers eye greater investment in Hai Phong Investors
from the Republic of Korea (RoK) have developed a greater presence in
multiple fields in the northern port city of Hai Phong, including garments
and textiles, electronics, automobiles, finance and banking. Most
notably, the majority of investment projects in industrial parks and zones
come from the world's leading technology corporations such as LG, Heesung,
Ohsung, and Woosung. Le
Trung Kien, head of the Hai Phong Economic Zone Authority (HEZA), said that
among the RoK investors pouring capital into Hai Phong, the most prominent
one is LG Group which has seven projects capitalised at US$7.24 billion,
mainly operating in the fields of high-tech products such as audio-visual
equipment, as well as mobile and home appliances. The
total number of projects by LG group and supporting industry businesses have
therefore contributed roughly 97% of the total FDI capital put in by RoK
investors in industrial and economic zones in Hai Phong. Last
year witnessed revenue from RoK-invested firms reach US$13.1 billion, while
export turnover also hit US$13.59 billion. Skoda
Auto of Czech Republic eyes Vietnam, ASEAN markets Skoda
Auto, the leading automobile manufacturing of the Czech Republic, wants to
invest in Vietnam to tap into a market of nearly 100 million consumers and to
expand to Southeast Asia, said an executive of Skoda Auto. Petr
Janeba, head of Sales China, Asia and Overseas of Skoda Auto, was speaking
while receiving Vietnamese Ambassador to the Czech Republic Thai Xuan Dung
and other officials of the Embassy at the manufacturer’s headquarters
recently. Janeba
said the Vietnamese market holds great potential, high growth prospects,
friendly business and investment environment in line with Czech requirements
for export markets. By
investing in Vietnam, Skoda Auto wants to penetrate ASEAN - a lucrative,
large market in Southeast Asia that boasts approximately 600 million
consumers, he added. Skoda
Auto has planned to seek a location in Vietnam to set up a production line.
The group has since late 2021 sent a number of delegations to work with
relevant Vietnamese ministries and agencies, as well as the administration of
Quang Ninh province to explore the market and find partners. Early
this year Skoda Auto unveiled a plan to develop a car factory in Quang Ninh,
and if everything goes according to schedule, the first Skoda cars are
expected to come out next year. VN's
logistics must keep up with international standards There
has been great pressure on Viet Nam's logistics industry to train, retrain
and upgrade workers' knowledge as well as to keep up-to-date with
international standards and measures, according to the Vietnam Logistics
Business Association (VLA). In
a recent survey by VLA, 59 per cent of businesses asked said they need to
train their workers on modern quality management systems such as ISO 9001,
ISO 14001, ISO 17025, HACCP, and ISO 22000. Meanwhile,
industry experts have said it's high time Viet Nam established its own
quality management system that is tailor-made to include
small-and-medium-sized businesses, the country's infrastructure
characteristics, means of transportation, and energy consumption. According
to a report by World Bank, Viet Nam's logistics industry has made much
progress in the last three decades. The country's criteria including customs,
infrastructure, and logistical capacity have improved significantly. The
Southeast Asian economy's Logistics Performance Index (LPI) ranked 3/10 among
the bloc's member countries in 2018, after Singapore and Thailand. Binh
Dinh extends coastal road Authorities
in the southern province of Binh Dinh have started construction of a
seven-kilometre coastal road that connects Hoai Nhon Town and Tam Quan Ward. The
VND700 billion (USD30.43 million) road includes VND400 billion in funding
from the state budget. The four-lane road is expected to be completed in two
years. Thach
Khe iron ore mining project awaits restart date The
long-delayed Thach Khe iron ore mining and refining project is seeking the
government's permission for resumption following a recent report sent by
Vietnam Coal and Mineral Industries Group. The
project that is financed by Thach Khe Iron JSC (TIC) has undergone a long
period of careful research, appraisal, and approval by national and
international councils as well as the government. Despite meeting the legal
requirements, the Thach Khe iron ore mining and refining project has been
stagnant for years. Commenting
on the feasibility of the project, Pham Le Hung, chairman of the Board of
Directors at Thang Long Mining and Trading Investment JSC, said that
following the evaluation of local and foreign scientists, the project has adopted
appropriate environmental protection measures to ensure safe and effective
implementation. After
shutting down, the project will leave a large freshwater lake with
surrounding trees. The landscape is suitable for developing a park, a resort,
and tourism. Once put into operation, the project will not only form a
densely populated area but also promote services in the neighbourhood. This
will create favourable conditions to develop other projects in the future. Hung
noted the concerns of Ha Tinh People's Committee and the Ministry of Science
and Technology about transporting iron ore from the Thach Khe iron ore mine
to Vung Ang Port. They are afraid that this will place more pressure on the
load capacity of the road, affecting the safety of people and other means of
transportation. In
the first phase, the project is planned to transport five million tonnes of
iron ore per year. A 40-tonne truck will set off to make the journey every
five minutes. A survey of the National Highway No.1A route through the Ben
Thuy toll stations, Ha Tinh Bypass, and the Ngang Pass tunnel shows that
there are currently less than 10 vehicles every five minutes. Regarding
the consumption market, Hoa Phat Group has committed to buying all of the ore
at market prices. This not only ensures efficient operation but also limits
iron ore imports and foreign currency bleeding. Vietnam
approves tax system reform strategy until 2030 Deputy
Prime Minister Le Minh Khai has signed a decision on approving the tax system
reform strategy until 2030 with the goal of streamlining tax management and
expanding the tax base. Under
the programme, Vietnam’s tax policy system will be perfected in line with
international practices while meeting the resource requirements to implement
the 2021-2030 socio-economic development strategy. The
tax system will include the following: value added tax, special consumption
tax, export-import tax, corporate income tax, personal income tax, natural
resource tax, agricultural land use tax, non-agricultural land use tax, and
environmental protection tax, along with other taxes and fees. With
regards to tax management, Vietnam aims to raise the rate of taxpayers’
satisfaction with the service of tax agencies to at least 90% by 2025 and 95%
by 2030. The
rate of supporting taxpayers through electronic means is expected to reach
70% by 2025 and 90% by 2030. By
2030, the rate of tax filing and payment conducted electronically will reach
at least 98% for enterprises and organisations and upwards of 90% for
individuals. Vietnam
will also create an integrated and centralised information system to meet all
the demand of collecting, processing, storing and using data for tax
management and providing online services for taxpayers. FLC
Faros gets new board chairperson Nguyen
Binh Phuong has been picked as new board chairwoman of FLC Faros Construction
Joint Stock Company (ROS), replacing Huong Tran Kieu Dung who was arrested
for alleged stock market manipulation. The
49-year-old took up the post of general director of FLC Faros on November 30,
2020. The
company on April 21 announced its leadership shakeup. Le Tuan Hung, permanent
deputy general director of the firm, was assigned to the post of deputy
general director, while Tran The Anh replaced Hung as permanent deputy
general director. Anh,
aged 44, used to hold some senior positions in the FLC ecosystem, such as
deputy general director of FLC Group, chairman of CFS Investment And Import
Export Trading Joint Stock Company, and chairman of FLC Mining Investment
& Asset Management Joint Stock Company. On
April 8, Huong Tran Kieu Dung was prosecuted and detained for allegedly
assisting the then FLC chairman Trinh Van Quyet with manipulating the stock
market. Aside from serving as FLC Faros chairwoman, Dung was serving as
permanent vice chairwoman of FLC Group and chairwoman of BOS Securities Corporation. Workers
in HCMC find it hard to buy social homes Housing
is increasingly unaffordable for low-income earners, while they find it hard
to access social homes due to the complicated procedures for purchase and an
undersupply. The
demand for affordable homes is huge, but the number of such homes available
remains small, Tran Thi Dieu Thuy, chairwoman of the HCMC Labor Federation,
said at a meeting between the HCMC People’s Council and 500 female workers in
the city on April 24. Huynh
Thanh Khiet, deputy director of the HCMC Department of Construction, said
that 10 groups of workers are entitled to social housing in line with the
2014 Housing Law. As
State capital is limited, a majority of housing projects are funded by enterprises.
As for non-State budget projects, the investors of these projects will be in
charge of selecting the documents of house-buyers and transfer them to the
municipal Department of Construction for consideration. Speaking
at the meeting, Nguyen Thi Le, chairwoman of the HCMC People’s Council, said
that the city should focus on developing social homes for laborers and add
some 35,000 homes in the 2021-2025 period. Binh
Duong to pour capital into construction project of Ring Belt No.3 The
People’s Council of the Southeastern province of Binh Duong pledged to
provide a state budget of 50 percent of the total investment capital to
implement the construction project of a section running through the province
of the Ring Belt No.3. The
road is 76.34 kilometers long, including the 10.76-kilometer section running
through Binh Duong Province, and passes HCMC and the provinces of Dong Nai
and Long An. The
project requires a total investment of nearly VND75.4 trillion VND (US$3.3
billion) which will be sourced from central and local budgets, including over
US$24 trillion (US$1 billion) from HCMC’s budget. The
Ring Road No. 3 project is expected to be kicked off in 2022 and completed in
2027, aiming at helping ease traffic jams in HCMC and connect with the southern
key economic zone. Advertising
activities in HCMC to be more strictly monitored The
Standing Committee of Ho Chi Minh City People’s Council has just sent a
formal document to the Standing Committee of HCMC People’s Committee
regarding firmer management on advertising activities in the city. A
recent survey in HCMC reveals inadequacies in the advertising field in the
city. For instance, proper advertising planning has not been done yet. The
management mechanisms between agencies, departments, and localities are not
consistent, leading to ineffective monitoring, especially on post-checking
work. The result is the content of certain advertisements does not observe
the law (using foreign languages, content not in accordance with regulations,
being unlicensed). Particularly,
individuals and businesses find it challenging to register for an advertising
permit due to loose cooperation among state agencies to fulfill the request.
Advertising posters, panels sometimes violate regulations on size and encroach
sidewalks or pedestrian-only ways, which negatively affects urban traffic. The
address the above issues, the Standing Committee of HCMC People’s Committee
is asked to direct related agencies and the local authorities of all
districts, Thu Duc City to quickly complete their own advertising planning;
develop a simple, detailed procedure for advertisement permit registration,
with each agencies being responsible for a specific step; issue cooperative
regulations among related agencies and departments in the city as to
regularly checking advertising activities and strictly punishing any
violations. The
post-checking task must be done frequently, especially in the rainy season,
to ensure safety. Finally, advertising activities on the Internet, on LED
boards, and via SMS must be closely monitored. Six
central provinces team up to promote tourism The
central provinces of Phu Yen, Binh Dinh, Quang Ngai, Dak Lak, Gia Lai and Kon
Tum have signed a joint cooperative program on tourism development. The
signing ceremony took place on the sidelines of a recent tourism forum
jointly hosted by the Kon Tum provincial People’s Committee and the Ministry
of Culture, Sports and Tourism. The
program aims to exploit potential tourism advantages of each locality;
promote tourism development in a sustainable manner, contribute to job
generation and improve people’s living standards. In
addition, the Plan for Tourism Development in the Cambodia – Laos – Viet Nam
Development Triangle Area for 2021-2025 with a vision towards 2030 was
announced on this occasion. Under
the three countries will cooperate to develop a common border area including
five provinces of Viet Nam namely Dak Lak, Dak Nong, Gia Lai, Kon Tum, Binh
Phuoc along with the provinces of Laos and Cambodia. The
plan focuses on developing infrastructure, common tourism products, and
trade. Ca
Mau Airport upgrade may need over VND100 billion The
Civil Aviation Authority of Vietnam (CAAV) has just proposed a plan to
upgrade the Ca Mau Airport which may need VND100 billion (USD4.56 million) in
funding. In
a report recently sent to the Ministry of Transport, CAAV said that Ca Mau
Airport now has a 1,500-metre-long runway, a taxiway and plane parking area
with two slots. The
airport can now only serve the ATR 72-500, AN-2, MIA-17, King Air B200 and
similar planes. Only VASCO currently operates these models. The ATR 72-500 is
already being used for the direct Ca Mau-HCM City flights. According
to CAAV, Bamboo Airways has proposed to operate the Embraer 190 plane from Ca
Mau Airport to Hanoi and HCM City. To
serve that plane, it is necessary to upgrade the runway, taxiway, and parking
area at the airport, which is estimated to take two and a half months and
cost VND105 billion. Revitalizing
tourism activities in post-pandemic era Minister
of Culture, Sports and Tourism Nguyen Van Hung said that the ministry and
localities have deployed various measures to activate tourism activities in
post-pandemic perid. The
minister praised the forum themed “Kon Tum Tourism – Potentials and Prospects
for 2022”, serving to create favorable chances for travel companies to sign
contracts on this field. Within
the framework of the forum, Kon Tum introduced its tourism logo and slogan,
and sign cooperation documents with other localities, associations,
enterprises and investors. A
hot air balloon festival is being held for the first time in the Central
Highlands province of Kon Tum from April 23-24 to celebrate the 47th
anniversary of the Liberation of the South and National Reunification (April
30). Over
412,000 square meters of floor area in Hanoi completed in Q1 During
the first quarter of 2022, over 412,000 square meters of floor area,
equivalent to 3,877 new apartments, have been built in Hanoi, according to a
report from the municipal Department of Construction. These
included 282,448 square meters of commercial housing projects, or 2,707
apartments, and 130,220 square meters of social housing ones, or 1,170
apartments. The
city expects by late 2022 to complete one social housing project of 110,704
square meters, or 1,496 apartments, and 26 commercial projects with a
combined floor area of 2.33 million square meters, equivalent to 13,724
apartments. In
the coming time, the city would carry out a survey on the current housing
status and map out a plan for housing development until 2030, with a vision
for 2040, he added. For
the 2021-2025 period, Hanoi plans to build 44 million square meters of
housing to meet the growing demands of the public. Upon
breaking down, social housing projects would make up 1.25 million square
meters, other 560,000 square meters correspond to resettlement houses, while
commercial housing totals 19.69 million square meters, and detached houses
22.5 million square meters. Vietnamese
banks gain impressive business results in Q1 Many
banks have reported large profits of up to trillions of Vietnamese dong in
the first quarter of 2022 thanks to high earnings from services and
bancassurance as well as good control of provision costs. Vietnam
Prosperity Commercial Joint Stock Bank (VPBank) topped the list with profit
nearly tripling over the same period last year to more than 11.1 trillion
VND. The record high profit contributed to bringing the bank's equity to more
than 95 trillion VND and capital adequacy ratio (CAR) to more than 15 percent. VPBank’s
impressive profit was thanks to high income from service fees (26.5 percent)
and notably from a bancassurance contract with AIA - which helped the bank
increase its revenue from other activities nine times. Besides
VPBank, three banks - Saigonbank, LienVietPostBank and PG Bank - also
announced Q1 2022 financial statements with strong profit growth in the first
quarter of the year. At
Saigonbank, pre-tax profit reached more than 98 billion VND, up nearly 68
percent over the same period last year and fulfilled 52 percent of the annual
plan thanks to all its business segments gaining positive results. Accordingly,
Saigonbank’s net interest income surged by nearly 48 percent over the same
period last year while service activities also increased by 11.6 percent.
Notably, the bank's foreign exchange and other business activities grew
strongly by 137 percent and 189.6 percent, respectively. LienVietPostBank’s
pre-tax profit increased by 62 percent over the same period last year,
reaching more than 1.79 trillion VND, in which net interest income grew by 40
percent due to the rising scale of retail lending and the interest recovery
of loans restructured due to COVID-19. LienVietPostBank’s
net profit from service activities increased by 34.4 percent to 217.4 billion
VND thanks to services such as insurance, card and digital banking. Other
business activities also brought the bank more than 191 billion VND in net
profit, increasing many times over the same period. At
other banks, though they have not yet announced their financial statements,
Saigon Securities Incorporation (SSI) estimated more than ten banks gaining
double-digit profit growth rates in Q1 2022. According
to SSI, Saigon-Hanoi Commercial Joint Stock Bank (SHB) ranked second behind
VPBank with an estimated profit growth of 92 percent to 3.2 trillion VND,
thanks to the credit growth of 5 percent and deposit growth of 2.5 percent
compared to the beginning of the year. The bank’s net interest margin (NIM)
was estimated to remain stable.
Saigon
Thương Tín Commercial Joint Stock Bank (Sacombank) followed with an estimated
rise of 40-50 percent, equivalent to a profit value of 1.4-1.5 trillion VND
in Q1 2022, mainly from increases in operating income and good control of
provisioning costs. The
remaining banks with positive profit growth according to SSI’s report are
Asia Commercial Joint Stock Bank (ACB), Commercial Joint Stock Bank for
Investment and Development of Vietnam (BIDV), HCM City Development Commercial
Joint Stock Bank (HDBank), Military Commercial Joint Stock Bank (MB),
Maritime Commercial Joint Stock Bank (MSB), Vietnam Technological and
Commercial Joint Stock Bank (Techcombank), Tien Phong Commercial Joint Stock
Bank (TPBank), Vietnam International Commercial Joint Stock Bank (VIB) and
Commercial Joint Stock Bank for Foreign Trade of Vietnam (Vietcombank). The
only bank that experienced a profit decline in SSI’s report is Commercial
Joint Stock Bank for Industry and Trade of Vietnam (VietinBank). Accordingly,
SSI believed although the credit and deposit growth rates of VietinBank by
the end of Q1 2022 were estimated at high levels of 7 percent and 5 percent,
respectively, compared to the beginning of the year, its pre-tax profit could
be lower than the same period of 2021 due to the high comparison base. In
addition, VietinBank’s fee revenue from the bancassurance deal with Manulife
may not be recorded in Q1 2022. US
among top consumers of Vietnamese agricultural products Vietnam
remains the United States’ eighth largest export market for agricultural
products and foodstuffs, said Benjamin Petlock, senior agricultural attaché
of the US Consulate General in Ho Chi Minh City. The
US trade official made the statement during a ceremony held on April 25 to
mark the 17th anniversary of co-operation between the Saigon Professional
Chefs Association under the HCM City Tourism Association (HTA) and the
American Farm Bureau Federation. During
the event, representatives from HTA highlighted the effective co-operation
between the Saigon Professional Chefs Association and the American Farm
Bureau Federation in helping local chefs seize upon the opportunities to
experience and gain greater access to safe and abundant food sources from the
US. The
American Farm Bureau Federation has made an array of significant contribution
to the development of the Vietnamese food and beverage industry (F&B),
particularly as it has become one of the main sponsors for many events and
culinary contests, according to HTA representatives. Currently,
there is a huge diversity of American agricultural products on offer in the
Vietnamese market, including beans, pork, beef, chicken, milk, dairy
products, and seafood. US,
Europe investors seek investment opportunities in Hue, Da Nang Businesses
from the US and Europe have been seeking investment opportunities and
cooperation in tourism, agriculture, energy, environment for green growth in
Thua Thien Hue Province and Da Nang City, two key economic destinations and
tourism hubs in central Viet Nam. While
the Foreign Agricultural Service (FAS) of the US Department of Agriculture
(USDA), in partnership with the American Chamber of Commerce (AMCHAM) Da
Nang, organised the ‘US Food and Beverage Showcase’ to promote US products to
the Da Nang business community, Thua Thien Hue also hosted the Meet Green
event with the participation of 70 businesses from the US last weekend. The
F&B exhibition in Da Nang, which featured 21 exhibitors who are USDA
Cooperators, state representatives, distributors, and manufacturers, was seen
as an opportunity to expand the reach of US food products in a key
hospitality market as international tourism resumes. The
diverse exhibitors introduced a wide range of US products, including beef,
pork, chicken, seafood, potatoes, cheese, raisins, pulses, soy products,
apples and more to potential customers in the region. AMCHAM
and Thua Thien Hue also agreed to boost ties between business from the US and
the province to promote Hue as a key economic power in central Viet Nam. The
cooperation deal will help businesses from the province approach technology,
investment fund and advanced industries from the US and fund the trend of
future green economic growth. Seafood
processors urged to focus on sustainability According
to Vietrade Deputy Director Le Hoang Tai, the EU has remained one of Viet
Nam’s largest seafood importers for years. Taking effect from 2020, the
EU-Viet Nam Free Trade Agreement (EVFTA) has provided Viet Nam with even
broader access to the EU market, with all the tariffs on aquatic products
eliminated in seven years. Viet
Nam’s aquatic exports reached US$2.4 billion in the first quarter of 2022, up
40 per cent from last year. Shipments
of tra fish to the EU totalled $28 million in the first two months of this
year, up 76 per cent year-on-year, while those of shrimp hit $159 million, up
66 per cent, on the back of rebounding demand post-pandemic. Last
year, Viet Nam exported over $1 billion worth of aquatic products to the EU,
up 12 per cent against the previous year. The five biggest EU importers
included the Netherlands, Germany, Belgium, Italy, and France, together
accounting for 72 per cent of the total exports. At
the two-day Viet Nam – EU Business Matching Webinar on Seafood Products 2022
co-hosted by the Viet Nam Trade Promotion Agency (Vietrade) and Trade Offices
and Embassies of Viet Nam in EU member states ending on Tuesday, Tai expected
through the webinar, the Vietnamese producers would have better understanding
of the EU market and the partnership between the two sides to further
accelerate the development of the fishery industry in Viet Nam. National
Power Development Plan VIII paves way for renewable energy The
National Power Development Plan for the 2021 - 2030 period, with a vision
towards 2045 (PDP VIII) has taken into account the replacement of coal-fired
power projects and those that are still pending, heard a meeting of the State
Appraisal Council. Speaking
at the meeting, held in Hanoi on April 26 under the chair of Deputy Prime
Minister Le Van Thanh, Minister of Industry and Trade Nguyen Hong Dien said
the plan also targets a balance in electricity generation between regions and
encourages the development of other fuels like hydrogen and ammonia. Dr.
Ngo Tuan Kiet, Director of the Vietnam Academy of Science and Technology,
said data on wind power, both offshore and onshore, have been updated in the
plan. However, the updated figures from international organisations are not
enough and it still requires exclusive studies and assessments. With
the inclusion of Prime Minister Pham Minh Chinh’s commitments at the 26th
United Nations Climate Change Conference of the Parties (COP26), the plan has
opened up opportunities for the development of wind power, especially
offshore wind power, according to Associate Prof. Dr. Pham Hoang Luong. Deputy
PM Thanh expressed his approval for assessments of the State Appraisal
Council that PDP VIII has been prepared thoroughly and scientifically. The
plan has also been sketched out in line with Resolution No. 55 of the
Politburo on the national energy development strategy by 2030 with a vision
towards 2045, he said. Under
the plan, the national power capacity from now until 2030 would be 146,000
megawatts (MW), 35,000 MW less than the amount in the previous version, he
said, noting that it aims to cut coal-fired power and increase renewable
energy. Binh
Duong calls for France’s investment to hi-tech projects Vice
Chairman of the People’s Committee of Binh Duong southern province Nguyen Van
Danh on April 26 presided over a virtual webinar which aims to promote
investment from France. At
the webinar, French firms were briefed on investment climate in Vietnam and
Binh Duong, and viewpoints of French investors in the Vietnamese province.
Relevant agencies fielded queries from those who are seeking investment
chances in the province. Local
authorities pledged to create favourable conditions for foreign investors,
including those from France, and maintain regular dialogues with the business
community at home and abroad to regulate policies conducive for the
province’s development and legitimate benefits of the firms in a timely
manner. PetroVietnam
Camau Fertiliser JSC's after-tax profit sees 10-fold rise in Q1 The
after-tax profit of the PetroVietnam Camau Fertiliser Joint Stock Company
(PVCFC) in the first quarter of 2022 hit 1.51 trillion VND (65.73 million
USD), representing a 10-fold rise from the same period last year, according
to the company’s business report. The
company produced 236,650 tonnes of urea and 26,400 tonnes of NPK fertiliser
in the reviewed period, respectively. The
surge was attributable to the rising global fertiliser prices, together with
PVCFC's efforts in maintaining stable operations, reducing material
consumption and seeking high-value export opportunities. Mong
Cai international border gate reopens Bac
Luan 2 border gate of Mong Cai international border gate in the northeastern
province of Quang Ninh reopened on April 26 after a two-month halt due to the
COVID-19 pandemic. Vietnamese
and Chinese agencies helped handle procedures for hundreds of vehicles
stranded in China’s Dongxing and Vietnam’s Mong Cai to return home. Import-export
and migration activities at the border gate have resumed in tandem with
COVID-19 prevention and control measures. On
April 24, authorities of Mong Cai and Dongxing held talks discussing
solutions to build safe COVID-19-free zones and resume operations at border
gates and crossings, during which they reached an agreement to reopen the Bac
Luan 2 border gate. Priority
will be given to handling stranded commodities in supervised areas, returning
vehicles without shipments, and resuming non-cold chain product trade. Source:
VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes |
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