Thursday, June 20, 2024 2:35:15 AM - Markets open
VN-INDEX 1,279.79 +0.29/+0.02%
HNX-INDEX 243.57 -0.86/-0.35%
UPCOM-INDEX 98.36 +0.05/+0.05%
China’s Guangxi province eyes to expand economic cooperation with Việt Nam
Vietnam News - 6/15/2024 3:38:05 PM
 (0 ratings. You must sign in to rate.)
Việt Nam has been the largest trading partner of China’s Guangxi province for the past 25 years, and the building of a community with a shared future that carries strategic significance between the two countries has given Guangxi an important mission and brought about new historical opportunities for its development.
 
Chairman of the Guangxi Zhuang Autonomous Region, Lan Tianli, stated this at a press conference in Beijing on Wednesday, during which he noted that thanks to geographical and cultural proximity, the traditional friendship between Guangxi and Việt Nam is becoming stronger and co-operation and exchanges closer.
 
Lan reported that trade between Guangxi and Việt Nam neared 254 billion yuan (approximately US$35 billion) last year, and over 120.8 billion yuan in the first five months of this year, up 29.2 per cent and 36.8 per cent year-on-year, respectively.
 
He said that with the advantage of being the only province of China connected to ASEAN by both land and sea, Guangxi will accelerate its connectivity with Việt Nam in terms of rail and road, and expand cross-border industrial cooperation, and exchanges in culture and tourism.
 
According to the official, the Nanning-Chongzuo high-speed railway near the China-Việt Nam borderline, opened to traffic in 2022, and the construction of the Chongzuo – Pingxiang section, which is adjacent to Việt Nam, is being sped up. Currently, Guangxi plans 13 highway routes to Việt Nam, with seven of those having been completed.
 
Promoting the construction of cross-border standard-gauge rail connectivity as stated in the joint statement between the two countries will further enhance the "hard connectivity" of infrastructure between Guangxi and Việt Nam, he said.
 
Last year, the trade of intermediate goods between Guangxi and Việt Nam grew rapidly, ranking first in China's total import and export turnover.
 
In the past five months, the figure surged by 46 per cent. Therefore, Guangxi will attract and support more companies to enter border industrial zones such as Pingxiang and Dongxing, basing on smart logistics and border channels between the two countries to create cross-border supply and industrial chains with complementary advantages and mutual benefits, the official added.
 
Guangxi is speeding up the construction of smart border checkpoints in border areas shared between the two countries. Once completed, goods will be processed through smart, unmanned, uninterrupted custom systems, and goods from Nanning to Hà Nội will be delivered within 24 hours, and to the four northern border provinces of Việt Nam within 12 hours.
 
Guangxi will continue to diversify methods of exchange and cooperation with Việt Nam, contributing to strengthening the traditional friendship between the two nations, he affirmed. — VNS
 
Read original article here
 
Older News
15/06 Quảng Ninh posts fourth fastest growth in Red River Delta
10/06 Policy on business registration to be revised
10/06 State budget revenues from import-export grow 7.4% in five months
10/06 Canada imposes temporary anti-dumping duties on wire products from Việt Nam
05/06 Việt Nam's State budget collection up nearly 15 per cent in five months
05/06 Businesses pivot to neighbouring markets due to uncertainties elsewhere
05/06 Việt Nam leads the region in attracting long-term investment into innovative start-ups
27/05 MoIT to step up talks on new FTAs
25/05 Criteria for assessing FDI announced
25/05 VN’s automobile industry still faces challenges in implementing FTAs
 
Newsletter Signup
Top Stories
Surge in newly opened securities accounts recorded in May
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Interest rates to rise but not have major impact on stock market: economist
Businesses concerned about rising exchange rate pressure
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,279.79 +0.29/+0.02%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.