Guizhou's First Overseas Shipment via New Western Land-Sea Corridor Arrives in Vietnam

On May 9, 2024, a cargo ship carrying desulfurized gypsum from Guizhou departed from Guangxi's Fangchenggang Port and arrived at Vietnam's Cai Mep Port 12 hours later. This marked a significant milestone as it was the province's first overseas shipment utilizing the New Western Land-Sea Corridor.

The New Western Land-Sea Corridor is an important trade route that connects western China to the world through the South China Sea. This corridor aims to enhance regional connectivity and promote economic cooperation between China and Southeast Asian countries.

Guizhou's desulfurized gypsum, a byproduct of the province's coal industry, is used in various industries such as construction and agriculture. The successful shipment to Vietnam highlights the potential for increased trade and economic collaboration between the two countries.

This development marks a significant milestone in the growth of trade relations between China and Southeast Asia, with potential to boost economic cooperation and growth in the region. The New Western Land-Sea Corridor's growing prominence is expected to facilitate further economic integration and development in the region.

Vietnam has positioned itself as a stable and high-growth destination for international business and foreign investment. The country boasts a stable political system, a consistent track record of economic growth, and a favorable environment for foreign direct investment (FDI).

In recent years, Vietnam's economy has outperformed many emerging markets. With a GDP growth rate of 2.58% in 2021 and a projected target of 6.5% in 2022, the country continues to attract significant foreign investment. Vietnam's business ecosystem is continuously improving, supported by robust free trade agreements with major global economies.

The arrival of Guizhou's desulfurized gypsum at Cai Mep Port highlights the growing trade relations between China and Vietnam. The New Western Land-Sea Corridor's growing prominence is expected to facilitate further economic integration and development in the region.

The successful shipment of Guizhou's desulfurized gypsum via the New Western Land-Sea Corridor marks a significant step in enhancing trade connectivity between China and Southeast Asia. This milestone paves the way for future economic cooperation and growth.

Key Takeaways

• Guizhou's desulfurized gypsum shipped to Vietnam via New Western Land-Sea Corridor.
• First overseas shipment from Guangxi's Fangchenggang Port to Cai Mep Port.
• New Western Land-Sea Corridor connects western China to Southeast Asia.
• Vietnam attracts foreign investment with stable politics and economic growth.
• Corridor to boost economic integration and development in the region.