The Thang Long Investment JSC and China’s Lirui Group signed a cooperation agreement on January 26 to build commercial, tourism, banking and finance, and advanced technology facilities in the area around the Tan Thanh Border Gate in northern Lang Son province.

Total investment capital is estimated at $350 million, the Cong Thuong (Industry and Trade) online newspaper has reported.

The project is expected to help facilitate the export and import activities of businesses while attracting more tourists to the border gate area.

Chairman of the Lirui Group Liang Zhong said the agreement aims to make use of its experience and financial and technological advantages to turn Vietnam’s Tan Thanh and Coc Nam Border Gates into smart and modern points for distributing farm produce and mechanical and electronic products and see them become important zones in industrial cooperation between the two countries.