Vietnam, China agree to build in-depth, all-round cooperation pattern

In a joint statement, the two countries said they will accelerate synergy between their development strategies, and implement the joint cooperation plan on synergising the Belt and Road Initiative and the Two Corridors and One Economic Circle strategy.

They will prioritise accelerating the interconnectivity of railway, expressway and port infrastructure between the two countries, said the statement. They will also encourage airlines of the two countries to resume and add flights in keeping with market needs, state-controlled Chinese media outlets reported.

Meanwhile, freight convoys departed simultaneously from Nanning in south China's Guangxi Zhuang Autonomous Region and Kunming in southwest China's Yunnan Province on May 13, heading for Hanoi.

This marked the first time that Chinese freight vehicles operating under the Greater Mekong Sub-region Cross-border Transport Facilitation Agreement (CBTA) will reach Vietnam's inland regions directly via the newly opened route.

Compared with previous routes, the new corridor saves each truck approximately one day in transport time and reduces costs up to $138.97.

ALCHEMPro News Desk (DS)