Móng Cái

Móng Cái ( listen) is a city of Quảng Ninh Province in northern Vietnam, on the border with Dongxing city of China's Guangxi Autonomous Region. It has a population of about 103,000. It is known as one of the wealthiest cities in Vietnam with the average income in some areas exceeding US$20,000 per family. One of these areas is the Tran Phu ward.

Economy

The volume of trade between Vietnam and China through the Móng Cái border gate reached US$2.4 billion and 4.1 billion in 2007, 2008 respectively, the highest among the Vietnam-China border gates. The cash flow via the banks located in Móng Cái was VND180,469 billion (US$11 billion). The volume trade is increasing significantly year by year. In particular, counting up to the end of March 2008, the volume trade had reached 720 Million which is equal to 182% in comparison to the same period of last year. The tax revenue of Móng Cái in 2008 was more than 1,700 billion VND (nearly US$100 million) equal to 150% to the year of 2007 result in the fact that Móng Cái is only district level area in northern Vietnam has tax revenue more than 1,000 billion and rank 3rd in whole nation.