The signing of the Memorandum of Understanding between the Department of Industry and Trade of Lao Cai province and localities in Yunnan province (China) marks an important step in building a cross-border trade and logistics cooperation mechanism in the Red River basin.
From individual collaborations to a logistics ecosystem.
The new mechanism shifts the traditional cooperative mindset towards building a comprehensive trade and logistics ecosystem, involving the governments and business communities of both countries. It is built on major agreements such as RCEP and ACFTA, aiming for a stable and resilient supply chain.
Focus on removing logistics bottlenecks.
The focus of the cooperation is to address limitations in customs clearance, transportation, and logistics costs. Upgrading the Lao Cai – Ha Khau border gate to a smart border gate, applying digital technology, is seen as a breakthrough that will shorten processing time and increase transparency.
3-Layer Connection Strategy
The cooperation model is based on:
- Infrastructure connectivity
- Institutional and standard connections
- Connecting businesses and people
This approach helps ensure consistency and sustainability for cross-border supply chains.
Expanding the scope of cooperation.
Both sides agreed:
- Boosting exports of agricultural products (pineapple, tea, cinnamon, medicinal herbs)
- Developing high value-added products
- Promoting cross-border e-commerce
- Building a community of logistics and trade businesses.
Simultaneously, solutions to optimize multimodal transport and reduce logistics costs are also being implemented.
Prospects and impacts
The new cooperation mechanism is expected to:
- Accelerate the flow of goods.
- Reduce logistics costs.
- Enhancing business competitiveness
This could serve as a model for other border regions, contributing to the formation of dynamic economic corridors that are deeply integrated into regional and global value chains.
Conclude
Establishing a logistics cooperation mechanism in the Red River basin will not only remove current bottlenecks but also open up long-term development opportunities for Vietnam-China trade.
👉 Vietsun We support businesses in updating trends and optimizing logistics solutions for export companies.
👉 View services and contact us for consultation at:
🌍 www.vietsunlogistic.com
📞 028 3826 9539 | 📧 admin@vietsunlogistic.com
Vietsun – Carrying full faith, reaching far with value
