Chinese Freight Convoys Heading to Hanoi via Groundbreaking Highway
International Route for Cross-Border Road Transport Between Vietnam and China Opens
In a historic move, convoys laden with electronic components, fresh vegetables, and daily essentials have set off from two cities in China – Nanning and Kunming – bound for Hanoi, the capital of Vietnam.
These convoy routes take the convoys through Hekou border gate in Yunnan Province and Youyi Guan border gate in Guangxi before reaching Vietnam. This is the first instance that Chinese freight vehicles operating under the Greater Mekong Sub-region Cross-border Transport Facilitation Agreement (CBTA) have made their way directly to Vietnam's inland regions via this newly-opened route.
This innovative route marks a significant leap in promoting international road transport efficiency between China and Vietnam. Comparatively, each truck saves approximately one day in transit time and sees a reduction in costs up to 1,000 CNY (more than $138) compared to previous routes.
As for the Huẻu Nghi and Hà Khaû border gates, these strategic entry/exit points could potentially play a key role in this new corridor. Border gates like these are typically significant due to their role in ensuring customs compliance, maintaining security, and stimulating economic growth by streamlining trade processes.
Hữu Nghị border gate in northern province of Lạng Sơn. The first Chinese freight vehicles operating under CBTA will reach Việt Nam's inland regions directly via Hữu Nghị and Hà Khẩu border gates. - VNA/VNS Photo
In the realm of cross-border trade, border gates provide the essential infrastructure needed to monitor and control the movement of goods, thus reducing the risk of illegal activities while boosting local economies through increased trade volumes and job creation.
By leveraging modern infrastructure and optimizing transportation processes, the CBTA not only offers valuable time and cost savings but also paves the way for a burgeoning trade partnership between China and Vietnam. While the exact roles of Huẻu Nghi and Hà Khaû border gates remain unclear, it's reasonable to assume they will contribute to these benefits by providing efficient and secure entry points for Chinese freight vehicles.
The CBTA not only ensures secure and efficient entry points for Chinese freight vehicles through border gates like Huẻu Nghi and Hà Khaû, but it also fosters a growing partnership between China and Vietnam by streamlining the transportation process and reducing costs in the industry, especially in transport and finance sectors.
With advancements in AI technology, it is conceivable that the integration of smart systems and autonomous logistics in these transcontinental trade routes could further improve the efficiency of the transportation sector, making it more competitive within the global AI industry.
