Vietnam promotes cross-border trade and investment opportunities

At a seminar held during the 9th China International Import Expo (CIIE), the Vietnamese Consul General in Shanghai highlighted Vietnam as a favorable investment destination for Chinese enterprises. The workshop focused on the opportunities and challenges facing Global South nations amidst shifts in international economic and trade relations, noting that AI technology and geopolitics are primary drivers of the current landscape.

In Cao Bang province, officials held a seminar to promote cross-border economic, trade, and tourism cooperation. The event aimed to develop a modern and integrated border economic zone. Cao Bang reported that between 2021 and 2025, import-export turnover through the region reached over 4.46 billion USD, with border economy revenues contributing approximately 46 percent of the provincial state budget.

Despite this growth, Cao Bang faces challenges including logistics infrastructure limitations, high transport costs, and a heavy reliance on goods from other localities. Local authorities aim to address these issues by improving transport infrastructure, developing logistics, and attracting investment to boost local production and processing.