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China-Vietnam economic and trade cooperation shows new opportunities

2022-07-29

Statistics from Vietnam show that in terms of investment, as of June, China's investment in Vietnam reached US$22.31 billion, ranking sixth among 139 countries and regions investing in Vietnam.

With joint efforts, the friendly and comprehensive cooperative relations between China and Vietnam have continued to maintain stability and made new progress. In the first half of the year, the bilateral trade volume between China and Vietnam reached 110.52 billion US dollars. Statistics from Vietnam show that in terms of investment, as of June, China's investment in Vietnam reached US$22.31 billion, ranking sixth among 139 countries and regions investing in Vietnam.

In May, Xiamen Port added a new foreign trade route to the port of Ho Chi Minh, Vietnam. This is the first foreign trade route opened by Zhonggu Shipping in Xiamen Port, and it is also the 88th route from Xiamen Port to RCEP National Port. The new route will further strengthen the foreign trade trunk network between Xiamen Port and Ho Chi Minh Port, and ensure the stability and smoothness of the foreign trade industry chain and supply chain. This route can bring about 500 TEUs of container volume growth every week.

Improve customs clearance efficiency and facilitate the exchange of personnel and goods. The "railway express" mode of China-Vietnam trains achieves cross-regional two-way connection. On June 3, China's first China-Vietnam international train that adopted the customs "railway express" business model for cross-regional export arrived at the Pingxiang railway port in Guangxi from Chongqing. After going through relevant exit procedures, it sailed to Hanoi, Vietnam. On May 29, the cross-regional "Railway Express" China-Vietnam train entering from the Pingxiang railway port has successfully arrived in Chongqing. With the smooth operation of the outbound train, it marks that the "Railway Express" mode of the China-Vietnam train has achieved cross-regional two-way connection.

Vietnam's fruit exports to China have made new progress. From July 11, Vietnamese durians can be exported to the Chinese market through all Chinese border ports. Durian is the 11th fruit allowed to enter the Chinese market. China is the largest and potential export market for Vietnamese fresh durians. Previously, due to lack of official access from China, Vietnamese durians have been exported to China through border trade. Now Vietnam has become the second country after Thailand to gain access to China's official market for fresh durians, which will create greater development space for Vietnam's strong durian planting industry. Currently, Vietnam has 123 durian growing areas and 57 packaging factories registered to participate in the durian export plan. Dragon fruit, watermelon, lychee, longan, banana, mango, jackfruit, rambutan, mangosteen and passion fruit have previously been approved to enter the Chinese market.


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