HOANH MO BORDER TRADE SURGES 61% IN Q1

Trucks transport goods through Hoanh Mo border gate in northern Vietnam - PHOTO: VNA

HCMC – First-quarter trade revenue at Hoanh Mo border gate in Quang Ninh Province surged 61% year-on-year to US$21.9 million, customs data showed.

According to the Hoanh Mo Border Gate Customs, 1,088 customs declarations were processed between January 1 and March 29, up 76.34% from the same period last year.

In the year to the end of the first quarter, 82 businesses had carried out customs procedures at the border gate, including 46 newly registered businesses.

Imports accounted for the majority, with revenue rocketing 115% year-on-year to US$17.78 million. Imported goods mainly served production and consumption needs, including auto parts, machinery and equipment.

On the export side, key items such as agricultural products and raw materials maintained stable volumes.

Customs officials attributed the increase to administrative reforms and measures to improve the business environment, including dialogues with companies, expanded use of information technology, and online public services to shorten clearance times and reduce logistics costs.

The growth at Hoanh Mo aligns with broader trade trends in Quang Ninh, where total import-export revenue reached an estimated US$5.2 billion in the first quarter.

Other border gates such as Mong Cai and Bac Phong Sinh recorded strong cargo flows, supported by flexible clearance policies and the effective operation of the “digital border gate” model.

The province is focusing on optimizing border gate infrastructure, accelerating digital transformation in border management, and maintaining regular dialogue mechanisms with businesses, aiming to sustain trade growth while reinforcing Quang Ninh’s role as a key cross-border trade hub.

Source: The Saigon Times