Trade volume at China-Vietnam border port bustling
KUNMING — The cargo volume at southwestern China’s Tianpeng port, located on the border of Yunnan province and Vietnam, totaled 63,095 metric tons in the first three quarters of 2019, up 22.86 percent year-on-year.
From January to September, trade value at the port amounted to $46.77 million, expanding 19.71 percent year-on-year. Border authorities recorded a total of 120,302 inbound and outbound visits in the first nine months, a year-on-year increase of 4.67 percent, according to the port’s administrative office.
Border trade between China and Vietnam has witnessed rapid growth thanks to the Belt and Road Initiative.
Last year, the trade volume between China and Vietnam reached a record high of nearly $150 billion, and China accounted for the largest number of foreign tourists in Vietnam, roughly 5 million people.
Located in Funing county, the Tianpeng port opened in September 1996.