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Border trade aims for US30 billion in 2020Vietnam aims to achieve a border trade revenue of around US$30 billion by 2020, up 12.3% from a year earlier following a development plan recently approved by the Prime Minister.

Under the zoning plan on adjustments to the development of border economic zones (EZs) until 2020 with a vision for 2030, the country is expected to reap approximately US$14 billion in export earnings, while import value will hit nearly US$16 billion.

By 2030, cross-border trade is predicted to reach US$50 billion, in which export earnings will make up approximately US$22 billion.

Vietnam hopes to develop 26 border economic zones by 2020, with a focus on building a uniform infrastructure, issuing incentive policies, ensuring security, and combating  EZ-related crimes.

A number of selected border EZs will be provided with State budget for further development in line with the nation’s five-year socio-economic development plan.

(Source: VOV)

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