The first train of the YXE China Railway Express between Yiwu county in China and Hanoi in Vietnam officially left the station in the morning of October 10th, 2020. This is the start of an international railway service for production distribution between Zhejiang province and Southeast Asia. This also marks the official opening of the 13th branch of the YXE China Railway Express network that connects distant corners of Eurasia.
The first train to Vietnam travelled through the Guangxi Zhuang Autonomous Region and crossed the border at Chongzuo City. The train arrived at Yen Vien station in Hanoi. A spokesperson for the railway service announced that the journey went smoothly, and once the service runs regularly, one train will depart from Yiwu every week.
Zhejiang province currently exports machinery, electronic products, fabrics, clothing, and accessories to Vietnam. The return journey will establish a cold supply chain of Vietnamese fruit for the market in Zhejiang. The return journey will carry tropical fruits, rice, coffee, and dried fruits. The opening of this route provides Chinese consumers with even more options in the fruit market. A spokesperson explained that the YXE China Railway Express service between Yiwu and Hanoi effectively stimulates mutual trade between Zhejiang and the ASEAN countries.
China is already the largest trading partner for Vietnam. China is also the largest supplier to the Vietnamese market and the third-largest export market for Vietnamese products. Trade relations between Zhejiang and Vietnam grow closer every day.
According to data from customs, the value of trade between Zhejiang and Vietnam reached 39 billion yuan [5.78 billion USD] in the first half of 2020. That is around 2.65% of the import and export trade in Zhejiang. The trade value is broken down as follows: Zhejiang imported around 9 billion yuan [1.33 billion USD] and exported around 30 billion yuan [4.45 billion USD].
A spokesperson for the railway service also stated that the railway connects to secondary routes that further integrate China with markets in Thailand, Cambodia, Laos, and Singapore. The YXE China Railway Express strengthens the economic corridor between China and the Indochina peninsula.
Source: China National Radio (CNR)