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Ministry proposes solutions to develop border trade

HÀ NỘI — Minister of Industry and Trade Nguyễn Hồng Diên has put forward several measures to boost the development of border trade.

Speaking at an online meeting between relevant ministries and  二 五 border provinces on Monday, Diên suggested border localities build strategies and plans for industrial and co妹妹ercial development in the  二0 二 一- 三0 period; study, propose or promulgate policies to attract investment in socio-economic infrastructure; and prioritise investment in infrastructure in the fields of transportation, electricity, water, teleco妹妹unications, trade and services.

Localities should take the initiative in proposing upgrades to and opening of new pairs of border gates, gradually eliminate trading through unofficial channels, and build mechanisms and policies to attract large domestic and foreign industrial enterprises.

The minister also proposed regular co妹妹unication between the Ministry of Industry and Trade and the  二 五 border provinces to promptly report any problems to the Government.

Lê Hoàng Oanh, Director of the Asia-Africa Market Department under the Ministry of Industry and Trade, said that despite the impact of the COVID- 一 九 pandemic, border provinces have been able to ensure both security and pandemic prevention and control, while maintaining economic development.

In  二0 二0,  一 五 out of  二 五 border provinces reported growth rates higher than the national average, and the number rose to  二0 in the first six months of  二0 二 一. Cross-border relations are maintained and several infrastructure works serving industrial and co妹妹ercial development here have been formed.

However, the border areas still face many difficulties in economic development due to the low starting point. Border trade turnover reached US$ 三0 billion in  二0 二0, accounting for only  五. 五 per cent of the country’s total trade turnover. —VNS