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Back"Guangxi Wuzhou-Pinglu Canal-Vietnam Ho Chi Minh" foreign trade route opened
"Guangxi Wuzhou-Pinglu Canal-Vietnam Ho Chi Minh" foreign trade route opened
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中国新闻网18 minutes agoBusiness2 min readChinaView original

"Guangxi Wuzhou-Pinglu Canal-Vietnam Ho Chi Minh" foreign trade route opened

Quick Look

  • On November 6, the "China Airlines 900" sailed from Chishui Port in Wuzhou, Guangxi, marking the completion of customs declaration and shipment of Wuzhou's first foreign trade cargo via the Pinglu Canal, and the official opening of the Wuzhou-Pinglu Canal-Ho Chi Minh, Vietnam foreign trade route.
  • The new route's single-container comprehensive logistics cost has been reduced by about 10%, and the transfer link has been greatly streamlined.
  • It has changed the long-term pattern of Wuzhou's foreign trade going eastward and has shortened the time and space distance between eastern Guangxi, southern Hunan and Vietnam and other ASEAN countries.

AI-generated summary

Why It Matters

Previously, foreign trade goods from Wuzhou, Hezhou, and Xiangnan mostly went around the Pearl River Delta. The transportation chain was long, there were many transfer links, and the overall cost was high, which restricted the expansion of the hinterland's specialty industries into the ASEAN market. After the Pinglu Canal was opened to navigation, it opened up a direct water transport channel between the Xijiang River and the Beibu Gulf seaport.

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China News Service, Wuzhou, Guangxi, November 7 (Reporter Yang Chen) On November 6, the "China Airlines 900" sailed from Wuzhou Chishui Port, Beigang Xijiang Port, marking the successful completion of customs declaration and shipment of the first foreign trade cargo in Wuzhou City, Guangxi via the Pinglu Canal. The foreign trade route "Wuzhou, Guangxi - Pinglu Canal - Ho Chi Minh, Vietnam" was officially opened.

As an important port open to the outside world in Wuzhou on the golden waterway of the Xijiang River, Chishui Port enjoys the advantages of the main waterway of the Xijiang River and is a key node for the eastern Guangxi region to connect with the Pinglu Canal and the international gateway port of the Beibu Gulf.

For a long time, foreign trade goods in Wuzhou, Hezhou, and Xiangnan have mostly chosen to go around the Pearl River Delta when going overseas. Long transportation chains, many transfer links, and high overall costs have restricted the expansion of hinterland specialty industries into the ASEAN market to a certain extent.

After the Pinglu Canal was opened to navigation, a direct water transport channel was opened between the Xijiang River and the Beibu Gulf seaport. The aforementioned new route has outstanding advantages over the traditional route around the Pearl River Delta to the sea. It is estimated that the comprehensive logistics cost of a single container has dropped by about 10%, the transfer link has been greatly streamlined, and the cargo turnover efficiency has been significantly improved.

The opening of the route has changed the long-term pattern of Wuzhou's foreign trade going eastward. Relying on the unique advantage of the Pinglu Canal connecting the river and the sea, the route closely connects the Xijiang hinterland with the ASEAN market, further shortening the time and space distance between eastern Guangxi, southern Hunan and Vietnam and other ASEAN countries, effectively enhancing the international market competitiveness of the hinterland's specialty products, and helping to stabilize the scale and optimize the structure of regional foreign trade.

In the next step, Beigang Xijiang Port Chishui Port will deepen the normalized cooperation with customs, shipping companies, hinterland industries, and logistics service providers, continue to improve the collection and distribution supporting system facing the Pinglu Canal, increase the cultivation of foreign trade routes and the development of cargo source markets, and attract more industrial cargo sources to gather at Chishui Port. (over)

What to Watch

AI outlook — possibilities, not facts

  • More industrial supply sources will gather in Chishui Port, and foreign trade routes will continue to be cultivated and expanded.

    Likely · Within months

Open Questions

  • The specific operating frequency and schedule of the new route
  • What other foreign trade routes are planned to be opened in the future?
  • Specific improvement timetable for Chishui Port’s collection and distribution supporting system

Related Topics

This article was originally published by 中国新闻网.

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