The contract signing ceremony between the Thăng Long Investment JSC and the Lirui Group in Lạng Sơn province on Friday. — Photo baolangson.vn

A comprehensive development project, valued at over US$350 million, encompassing commercial, tourism, financial-banking and advanced technology facilities is slated for construction near Tân Thanh Border Gate in the northern province of Lạng Sơn.

Việt Nam's Thăng Long Investment JSC and China's Lirui Group sealed a cooperation contract for this initiative on Friday, set to be an exemplary cross-border development.

Lirui Group Chairman Liang Zhong, the foremost player in China's border gate operations, envisions transforming Tân Thanh and Cốc Nam border gates into modern hubs for distributing agricultural and electronic products, fostering significant industrial cooperation between the two nations.

Thăng Long Investment JSC's General Director, Nguyễn Xuân Tiến, expressed optimism for swift and effective project implementation, urging continued support from Lạng Sơn authorities. He advocated for a specialised mechanism to leverage the unique advantages of Tân Thanh Border Gate. — VNS