Beibu Gulf Port Introduces the New International Land-Sea Trade Corridor in Vietnam
On April 16, 2019, Beibu Gulf Port hosted a roadshow in Ho Chi Minh City, Vietnam to promote the New International Land-Sea Trade Corridor and explore business opportunities. More than 150 people from Beibu Gulf Port, Saigon Port Authority, Vietnam industry associations, major shipping companies, local logistics companies, and cargo owners were in attendance. Management from Beibu Gulf Port Authority and the Guangxi Beibu Gulf Office were also present.
To comply with the strategic positioning as a gateway to ASEAN countries, a key port to support the development of southwest and central-south of China, and a hub port of the One Belt, One Road initiative, Beibu Gulf Port accelerated the construction of the container ports, built up several large-scale, deep-water and professional terminals in recent years, while ports and logistics facilities are continuously improved.
Mr. Mo Nu, Board of Director & Deputy General Manager of Beibu Gulf Port Group, proposed new ideas and called on all parties to work together to continue the momentum of trade between Vietnam and western China.
Mr. Jiang Wei, Deputy General Manager of Beibu Gulf Logistics, said that Beibu Gulf Port is continuously improving the New International Land-Sea Trade Corridor. They are committed to ensuring the route’s efficiency, convenience and cost optimization.
Vietnam is the largest foreign trade partner of Beibu Gulf Port. In 2018, the container throughput of Beibu Gulf Port to Vietnam totaled 27,000 TEU, mainly composed of machinery, chemical products, agriculture products, animal products and light industrial products. As of April 2019, Beibu Gulf Port has five container services with a weekly call to Ho Chi Minh Port and 10 container services called to Haiphong Port weekly.
The construction of the New International Land-Sea Trade Corridor has vastly improved trade between Vietnam and western China. Transit time between these regions can be cut down by up to 10 days and logistics costs halved .
Representatives from Vietnamese ports, the shipping industry and cargo owners are committed to cooperation between Vietnam, Beibu Gulf Port and China’s western region.
There was also discussion of constructing a logistics system and multimodal transport corridor between Vietnam and Guangxi.
Ben Line Agencies and Beibu Gulf Port have been partners for years. Mr. Matthew Soloman, Director of Ben Line Agencies, spoke about the exciting opportunities for China-ASEAN cooperation as the New International Land-Sea Trade Corridor develops and more western Chinese provinces participate.
This is Beibu Gulf Port’s second roadshow in Southeast Asia, after the first hosted in Kuala Lumpur, Malaysia last August 2018. Amid a growing partnership, the New International Land-Sea Trade Corridor provides an opportunity to further develop trade between Vietnam and western China.