In the period of 2020-2025, Cao Bang province has identified the border gate economy (KTCK) as one of the important development drivers, thereby focusing on many breakthrough tasks to exploit existing potential.
To date, Cao Bang has completed 4/6 targets in the field of KTCK. The target of attracting non-budgetary investment exceeded the number of projects (9/8 projects) but the newly registered capital was at VND 437.1 billion, much lower than the target of VND 10,325 billion. Site clearance is still slow, and it is forecasted that it will be difficult to reach the set progress.
From 2021-2024, import-export turnover through the area will reach 3.4 billion USD, an average growth of 17%/year. Budget revenue from the JSC reached VND4,800 billion, accounting for about 45% of the province's total revenue. Currently, 9 KTCK infrastructure projects have been completed, 4 other projects are being implemented with a total public investment capital of more than 331 billion VND, the disbursement rate reached 98.5%.
Cao Bang has successfully upgraded Tra Linh Border Gate (Vietnam) - Long Bang (China) to an international border gate, and put Ly Van - Thac Long bilateral border gate into operation. Currently, the province is continuing to complete procedures to upgrade Ta Lung - Thuy Khau Border Gate to an international border gate and Po Peo - Nhac Vu Border Gate to a bilateral border gate.
In 2024, the province plans to complete the zoning plan for the Ta Lung and Tra Linh border gates. Some other projects are also being completed for approval.
Recently, Cao Bang has proposed that the Government support 1,000 billion VND to implement the first phase of the Smart Border Gate project, and at the same time proposed allowing the import and export of goods through all border gates and openings in the Golden gate Area; allowing Chinese tourists to drive through international border gates to tourist areas in the area.
According to the Cao Bang Economic Zone Management Board, in the Ta Lung border gate area alone, in the first quarter of 2025, there are 16 projects being implemented, including 10 warehouse projects, 3 agricultural processing plant projects, 1 commercial center and 2 mineral projects.
A representative of the Management Board said that agricultural product processing brings much higher profits than crude exports. In the coming time, the province hopes to attract more deep processing projects to increase the value of agricultural products.
In parallel with attracting investment, the Management Board regularly inspects, removes obstacles, points out limitations in the implementation process, and recommends solutions to help investors speed up progress.
Regarding this issue, Secretary of the Provincial Party Committee Minh Cuong also repeatedly emphasized the importance of financial markets in the province's economic development picture.
He requested departments and branches to carefully review the plans and promptly report difficulties to seek direction. At the same time, focus resources on investing in border gate infrastructure, facilitating trade and attracting investment.
The province also needs to increase exchanges and trade promotion with other provinces, especially China, to promote the export of goods, especially agricultural products.
