Sunday , December 22 2024

China to limit border trade with Vietnam during Tet holiday


China will limit trading with Vietnam through border gates in Lang Son Province for seven days starting Saturday amid the Lunar New Year holiday.

The Huu Nghi, Tan Thanh and Coc Nam border gates will shut down from January 21-23, and in the following three days after that only goods that have been pre-registered will be allowed to pass through, according to the Management Board of Dong Dang-Lang Son Border Gate Economic Zone.

The Chi Ma border gate will only approve pre-registered goods on January 21-27.

Trade will return to normal at all gates on January 28.

Vietnam and China both celebrate the Lunar New Year, known as Tet in Vietnam. During the holiday, most economic activities are shut down as workers return home to reunite with their families.

The Management Board of Dong Dang – Lang Son Border Gate Economic Zone is calling on businesses to register their deliveries to customs authorities.

China lifted its Covid-19 testing requirements for Vietnamese goods on January 8 after three years of imposing various levels of restrictions to curb the spread of the pandemic.

China is a large trading partner with Vietnam. Last year, bilateral trade reached nearly $178 billion.

Vietnam’s exports to China rose 8% to $119.3 billion in 2022, compared to a year earlier; imports climbed 4.5% to $58.4 billion.

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