Economic corridor cooperation facilitates trade and investment between Vietnam and the border province of Yunnan, China

Recently, the establishment of an official cooperation mechanism between the five provinces and cities of Lao Cai, Hanoi , Hai Phong, Quang Ninh (Vietnam) and the border province of Yunnan (China) is one of the initiatives that creates the premise and basis for diverse and rich exchange, friendship and cooperation activities between localities...

Economic corridor cooperation has facilitated the increase of trade and investment between Vietnam and China. Measures to promote trade standardization and create fair conditions for businesses of both countries have helped strengthen business cooperation. The two sides have restored and removed difficulties in customs clearance of agricultural products and fresh fruits at the international road border gate No. II Kim Thanh (Lao Cai, Vietnam) - Bac Son (Hekou, China).

Expanding warehouse areas, gathering and checking goods, increasing the loading and unloading workforce; coordinating the implementation of the "priority flow" for customs clearance of agricultural products through the international road border gate pair No. II Kim Thanh ( Lao Cai , Vietnam) - Bac Son (Hekou, China). Implementing the Minutes of the Talks on two-way transportation of goods through the international road border gate pair No. II Kim Thanh (Lao Cai, Vietnam) - Bac Son (Hekou, China).

Continue to promote the opening of bilateral border gates (or customs clearance points of Lao Cai - Ha Khau international border gate) at Muong Khuong and Ban Vuoc. At the same time, coordinate to speed up the construction of a road bridge across the Red River in the border area of ​​Bat Xat (Vietnam) - Ba Sai (China) and form a pair of border markets in this area.

Regarding investment cooperation, up to now, Lao Cai province has 11 FDI projects with investment capital from China, with a capital of 387.2 million USD, of which 05 FDI ​​projects come from Yunnan province (China) with a capital of 377 million USD.

In the field of transportation, in November 2022, China and Vietnam announced in the “Joint Statement on Further Strengthening and Deepening the China-Vietnam Comprehensive Strategic Cooperative Partnership” that the two sides agreed to complete the review of the Hanoi-Hai Phong standard gauge railway planning as soon as possible, and focus on negotiating an agreement to promote the Hanoi-Lao Cai-Hekou railway connection plan.

The two sides cooperated to promote the connection, propaganda and promotion of tourism images. On March 28, 2023, the Hanoi Department of Tourism coordinated with the Departments of Tourism of the provinces and cities: Lao Cai, Quang Ninh, Hai Phong together with Hong Ha district, Yunnan province (China) to organize a conference to promote the relaunch of the golden tourism route "Two countries - Six destinations" of China and Vietnam.

The assessment report stated that the establishment of an official cooperation mechanism between five provinces and cities of Vietnam and China is one of the initiatives that creates the premise and basis for diverse and rich exchange, friendship and cooperation activities between localities...

In order for the cooperation between the five provinces and cities to be effective and maintain good friendship in the coming time, it is expected that some cooperation programs of the 10th Vietnam - China Economic Corridor Cooperation Conference will continue, such as: The Department of Industry and Trade of Quang Ninh, Lao Cai, Hai Phong, and Hanoi provinces will cooperate with the Department of Commerce of Yunnan province in enhancing information exchange, connecting local export products with strengths; jointly participating in annual trade fairs organized by each side to expand, search for, and promote trade for export and import goods between the two sides...

On November 13, in Hanoi, the Hanoi People's Committee chaired the Economic Corridor Cooperation Conference of 5 provinces and cities: Lao Cai, Hanoi, Hai Phong, Quang Ninh (Vietnam) and Yunnan Province (China) (abbreviated as the Vietnam - China Economic Corridor Cooperation Conference), with the theme "Expanding forms of association and cooperation between provinces and cities of the Vietnam - China economic corridor to develop the economy in the new situation".

Chairman of the Hanoi People's Committee Tran Sy Thanh chaired the discussion session. Photo: Internet.

This is a major foreign affairs event of Hanoi city, in the context that Vietnam and China have been actively implementing the Vietnam-China Joint Statement, after the visit to China by General Secretary Nguyen Phu Trong and the 15th anniversary of the establishment of the comprehensive strategic cooperative partnership in 2023 (2008-2023).

Deputy Prime Minister Tran Luu Quang speaks at the Conference. Photo: Internet.

Speaking at the conference, Deputy Prime Minister Tran Luu Quang emphasized that Vietnam consistently identifies friendly cooperation between localities as an important component of the Vietnam-China strategic cooperative relationship. Over the past time, the leaders of the Party and State of Vietnam have always paid attention and had many policies and guidelines, creating conditions for localities in the Northern region to develop rapidly and sustainably and strengthen cooperation with localities of China. Emphasizing that the two countries are facing great opportunities to strongly promote cooperation in the economic corridor of 5 provinces and cities, the Deputy Prime Minister suggested that the two sides make the most of the potential, strengths and cooperation space. Focus on improving the effectiveness of existing cooperation mechanisms, along with joint research and exchange to establish new cooperation frameworks and models, suitable to the potential, advantages, conditions and development priorities of the localities of the two sides. Continue to firmly consolidate the peaceful and friendly border, promote the opening and upgrading of a number of border gates in accordance with the planning and development plans for each period, creating more favorable conditions for people in border areas to settle down, make a living and increase trade.          

Chinese Ambassador Hung Ba speaks at the event. Photo: Internet.

On the Chinese side, Ambassador Hung Ba affirmed that China is willing to continue to deepen comprehensive strategic cooperation with Vietnam, promoting the relationship between the two Parties and the two countries to continuously develop to a new height: Currently, China is accelerating the construction of a new development layout, promoting high-quality development, Vietnam is accelerating the process of industrialization and modernization. The cooperation between the two sides is complementary, outstanding and has great potential, the cooperation between Yunnan province and Vietnam is promising. Hope that the parties will actively implement the important common perception between the leaders of the two Parties and the two countries, coordinate and exchange more closely, make good use of the economic corridor cooperation to connect comprehensive cooperation, promote cooperation in all fields between the five provinces and cities of the two countries, achieve more substantial results, and contribute more to the development of China-Vietnam relations.

Chairman of the Yunnan Provincial People's Political Consultative Conference Liu Xiaokai affirmed that the two countries have cooperated in many fields in recent times, and the relationship has developed strongly. Over the years, China has always maintained its partnership and trade cooperation with Vietnam. In particular, it has promoted the construction of the "Belt and Road" and "Two Corridors, One Belt". Vietnam is also China's largest trade partner and cooperation partner in the ASEAN region. The partnership has continuously deepened, creating opportunities for provinces and cities in the spirit of win-win cooperation.

To continue effective cooperation, Chairman of the Yunnan Provincial People's Political Consultative Conference Liu Xiaokai proposed that the provinces and cities of Hanoi and Yunnan continue people-to-people exchanges, increase exchanges between high-level leaders of the two sides, and promote exchanges between relevant departments and branches to firmly consolidate the political foundation.../.

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