Import and export turnover of goods through the Bac Phong Sinh (Vietnam) - Ly Hoa (China) customs clearance reached more than 45.9 million USD.

According to information from the Bac Phong Sinh Border Gate Customs Branch ( Quang Ninh Customs Department), from the beginning of the year to September 30, 2024, the total import-export turnover through the Bac Phong Sinh (Vietnam) - Ly Hoa (China) Customs Clearance at the bilateral border gate pair Hoanh Mo (Vietnam) - Dong Trung (China) reached more than 45.9 million USD.

Bac Phong Sinh Border Gate Customs Branch processed 2,973 import-export declarations of 43 enterprises with a total import-export turnover of more than 45.9 million USD, an increase of 0.17% in turnover and 1.8% in number of declarations compared to the same period in 2023. Of which: Export turnover reached nearly 43.2 million USD with 2,750 declarations, an increase of 0.64% in turnover and 4% in number of declarations compared to the same period in 2023. Import turnover reached more than 2.7 million USD with 223 declarations; a decrease of 7% in turnover, a decrease of 19.8% in number of declarations compared to the same period in 2023.

Total state budget revenue in the first 9 months of 2024 reached more than 10.2 billion VND, an increase of 10.01% over the same period in 2023, reaching 102.98% of the assigned plan and 68.66% of the target.

In particular, the import-export turnover through Bac Phong Sinh-Ly Hoa Customs Clearance in September 2024 reached more than 3.3 million USD with 264 declarations; down 10.64% in turnover, down 14.84% in declarations compared to the previous month. The reason for the decrease is due to the tightened management policy, increased rate and time of inspection, control and traceability of frozen agricultural and aquatic products by Chinese authorities. On the other hand, since August 20, 2024, National Highway 18B has been eroded and has not been repaired yet, greatly affecting the transportation of import-export goods of enterprises.

Particularly, the import goods in September 2024 increased compared to August 2024 because after the official announcement ceremony of the Bac Phong Sinh - Ly Hoa Customs Clearance, China allowed large trucks to transport Chinese export goods to Vietnam, accordingly, the import volume gradually increased, reaching an average of 4-5 large trucks/day.

However, imported goods at this customs clearance have not yet returned to normal as before due to restrictions on types, items with intellectual property rights violations, and labels exported to Vietnam are strictly inspected and controlled by Chinese authorities.

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