Even though the inauguration of Kim Thanh bridge from China to Vietnam is not opening until tomorrow as many as 50 investors have already registered to lease lots of land at the Kim Thanh trade center on the border with China.
The bridge spans the Red River to link the Kim Thanh trade center in the northern border province of Lao Cai with the Beishan trade center in China’s Yunnan province.
The concrete bridge is capable of carrying heavy trucks up to 120 tons. The bridge, with four lanes and pavement on either side, is expected to be used by between 400 and 500 heavy trucks a day travelling from Kunming to Lao Cai and then on to Hanoi and the port city of Haiphong.
The Head of the Lao Cai Border Gate’s Economic Zone Management Board, Doan Dinh Khoi, said the new bridge and the Kim Thanh trading and industrial zone would turn this rural area into a “busy outlet for Vietnamese goods”.
The majority of the 50 registered investors come from Ho Chi Minh City and the southern provinces and have ambitious plans for shopping centers, supermarkets, cold storage warehouses, exhibition centres, bonded warehouses and five-star hotels.
Vietnam Border News reports that economists are of the opinion that the northern border province of Lao Cai has the potential to become the northwestern region’s socio-economic hub, with help from the Kim Thanh bridge and the Kim Thanh border gate trade zone projects.
Meanwhile, the authorities have described the bridge as a friendship project between Vietnam and China that will also promote trade relations amongst countries in the region.