China-Vietnam launch first multimodal international freight train

05 Aug '23

2 min read

Pic: Shutterstock/fotokaleinar

Insights

The first international multimodal freight train from Shijiazhuang to Yen Vien in Hanoi has been launched, reducing transport time from 15 to 4-5 days.
The route, part of the Belt and Road Initiative, marks enhanced trade efficiency between China and Vietnam.
It carries 800 tons over 2,700 kms, highlighting the growing economic collaboration.

The first international multimodal freight train has been launched from Shijiazhuang, Hebei province, to Yen Vien in Hanoi, marking a significant step in the Belt and Road Initiative between China and Vietnam. Covering a distance of approximately 2,700 kms in 4-5 days, the train consists of 23 carriages and carries nearly 800 tons of goods.

Previously, transporting goods by sea to Association of South-East Asian Nations (ASEAN) member states, including Vietnam, would take 15 days. However, the launching of this new freight train has managed to halve the transport time, enhancing the efficiency of trade between the two nations, according to local media reports.

Vietnam remains one of Hebei province’s key trade partners in ASEAN. In 2022, the total import-export turnover between Vietnam and China reached an impressive $175.57 billion. Moreover, mainland China ranked as the fourth-biggest foreign investor in Vietnam the same year, with a total investment of $2.52 billion.

Chinese Ambassador to Vietnam, Xiong Bo, highlighted the significance of the new transport connection, noting that it would facilitate the more convenient entry of quality products into each other’s markets. This development reflects the growing economic collaboration between China and Vietnam and underlines the potential benefits of expanding transport and trade infrastructure.

Fibre2Fashion News Desk (NB)

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