The value of cargo on China-Vietnam cross-border freight trains has more than tripled since the beginning of 2022. Recent data highlighted the wider trade between the two countries and a stable supply chain for Southeast Asia boosted by the regional economic partnership.
Industry experts said the rising trade is benefiting from the implementation of the Regional Comprehensive Economic Partnership (RCEP), which triggered the growth potential of cross-border trains, and rising shipping fees also push more companies to land transportation.
The Pingxiang Railway Port in South China's Guangxi Zhuang Autonomous Region oversaw a total of 202,000 tons of goods in the first quarter, an increase of 95.8 percent over the same period last year; the total value was 6.32 billion yuan ($972 million), a year-on-year increase of 240.7 percent. Among them, the growth of imported fruit witnessed a jump, data from the Nanning Customs showed on Saturday.
Source: globaltimes.cn
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