Lao Cai proposes to pilot cross-border e-commerce zone
The northern border province of Lao Cai has proposed a pilot of a cross-border e-commerce zone or a free trade zone in the northern mountainous province to bridge Vietnam and other ASEAN countries with the Chinese market.
In a proposal to the Ministry of Industry and Trade (MoIT), the provincial Department of Industry and Trade urged the early submission of the project to create a commercial hub connecting economic and trade with the Southwest region of China for approval.
The Kim Thanh International Border Gate No 2 in Lao Cai province, northern Vietnam. Photo courtesy of Vietnam News Agency.
Lao Cai is also looking for Government’s approval to develop a regional ASEAN-China logistics center in the province.
The MoIT said that it has already discussed with the Chinese side how to operate models such as a free trade zone and a cross-border e-commerce zone and will be reporting back to Lao Cai province.
The ministry also urged Lao Cai to learn from the experience of building a smart border gate of Lang Son province.
The provincial Department of Industry and Trade said that China is developing an e-commerce zone with a total investment of $525 million in Hekou to promote trade and logistics.
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