Trade via Lao Cai International Border Gate drops sharply

04-Feb-2020 Intellasia | VNA | 6:02 AM Print This Post

Trade between Vietnam and China has plunged as the latter suspended imports of Vietnamese goods via the Lao Cai International Border Gate from January 30.

The decision was made by China in the face of the prevalence of the new coronavirus (nCoV), according to director of the Lao Cai province Department of Industry and Trade Do Truong Giang.

China has temporarily shut border markets in Hekou town in Yunnan province that border Vietnam’s Lao Cai province.

From January 25-30, only 3 million USD worth of goods were handled at the border gate, a decrease of more than 40 percent year-on-year.

According to the health ministry, as of 12:00 on January 30, 7,819 cases of nCoV infections had been confirmed in 19 countries and territories worldwide, with the death toll climbing to 170, including 162 in Wuhan, where the first cases were found.

As of 15:20 the same day, three Vietnamese people had tested positive for nCoV, raising the total cases in the country to five.


Category: Business, Vietnam

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