Two-way trade through Mong Cai international border gate in Vietnam's northern Quang Ninh province bordering China was estimated at 2.4 billion U.S. dollars this year, up 16 percent against last year, local newspaper Vietnam Economic Times reported Tuesday.
Vietnam mainly exports rubber, farm products, seafood, coal and cosmetics, while importing urea, equipment, consumer goods, agricultural machines, and automobile and motorbike parts via the border gate.
The border gate's Vietnamese management board has recently established a sub-border gate to facilitate export of local seafood. Now, some 40 Chinese companies and traders import 80-100 tons of the product via the sub-border gate each day, the newspaper said.
Trade between China and Vietnam grew to over 9.95 billion dollars in 2006 from 8.2 billion dollars in 2005, according to the Chinese Commercial Ministry. The figure is expected to reach 13-14 billion dollars in 2007, many Vietnamese trade experts predicted.
Source: Xinhua
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