Viet Nam is set to begin construction of a new 417-kilometer railway line connecting the northern port city of Haiphong to Kunming, People’s Republic of China (PRC), via Hanoi and Lao Cai Province. The initiative, with an estimated investment of about US$11 billion, aims to bolster trade and tourism between the two countries by enhancing connectivity and facilitating smoother transportation of goods and people.
This report compares the Regional Comprehensive Economic Partnership (RCEP) with other free trade agreements and suggests how policy makers can promote its successful implementation.
Mr. Nguyen Hong Dien, Viet Nam’s Minister of Industry and Trade, requested support from Mr. Lu Xinshe, Party Secretary of the Guangxi Zhuang Autonomous Region of the People’s Republic of China (GZAR, PRC), to facilitate cross-border trade between Viet Nam and the PRC by (i) upgrading border gates, (ii) restoring customs services at sealed off border gates, and (iii) extending the operating hours of customs clearance services at border gates, border crossings, and markets.
A new cross-border rail freight service from Suzhou, People’s Republic of China (PRC), to Hanoi, Viet Nam was launched by the East Asia Region section of Nippon Express. Suzhou West Railway Station is located amid industrial clusters of eastern PRC.
The use of rail transport makes possible reliable lead times of 8-10 days. Ocean freight from PRC to Southeast Asia is usually challenged with constraints in space and reliable transport routes and schedule.
This publication provides an analysis of key challenges and opportunities for the Greater Mekong Subregion (GMS) to realize its development goals by 2030 and beyond.
While tightened control by Viet Nam and the People’s Republic of China (PRC) in response to the COVID-19 epidemic may have slowed down customs procedures and trade, the two countries continue to work on easing import/export at the border through cooperation and discussions.
This is the joint statement issued at the 23rd GMS Ministerial Conference held in Phnom Penh, Cambodia on 18 November 2019.
For 25 years, six countries in the Greater Mekong Subregion have been promoting regional economic development. Upgrading cross-border transport networks is a key area of investment.
Bangkok is still the busiest aviation hub in the subregion, followed by Kunming. Photo: ADB.
The Greater Mekong Subregion is one of the fast-growing markets for air transport services today.
Greater Mekong Subregion Secretariat
Regional Cooperation and Operations Coordination Division,
Southeast Asia Department, Asian Development Bank
Address: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
Telephone: +63 2 8632 4444 Fax: +63 2 8636 2226