|Yiwu’s First Train to Southeast Asia|
The Yiwu-Hanoi international freight train, the first international logistics rail from Zhejiang to Southeast Asia, set off at 10:10 a.m. on October 10, marking the official opening of Yiwu’s 13th route of the China Railway Express (CRE).
The freight train is loaded with electronic accessories, colored steel plates, plastic products, and other goods produced in the Yangtze River Delta. It departed from Pingxiang Port in Guangxi and headed toward Anyuan Station in Hanoi, the capital of Vietnam. The distance totals 2,168 km. When the supply of goods scales up and the line is fully operational, one CRE train will be put into operation every week.
Economic and trade cooperation between Yiwu and Vietnam has been gaining momentum, and bilateral trade has reached new heights in the last few years. In 2019, the total value of imports and exports between the two was 2.857 billion RMB, a year-over-year increase of 59.01%; of which exports from Yiwu accounted for 2.433 bn RMB and imports totaled 424 million RMB. From January to August 2020, the total import and export volume was 3.241 bn RMB, an increase of 75.09% year over year; of which exports were 2.953 bn RMB and imports were 288m RMB. Zhejiang exports a large quantity of machinery and equipment, electronic products, textile yarns, fabrics and fabric products, clothing, and clothing accessories to Vietnam and other Southeast Asian countries every year, while Vietnam’s tropical fruits, rice, coffee, and dried fruits are favored by Chinese consumers nationwide. (By Xu Zhaohui, translated by Zhang Jiajia, edited by Kendra Fiddler)