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China-Vietnam border port sees booming cross-border tourism

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China-Vietnam border port sees booming cross-border tourism

2024-08-21 19:04 Last Updated At:08-22 01:07

Hekou Port, located on the border between southwest China's Yunnan Province and Vietnam, has witnessed booming cross-border travel spurred by convenient transportation and a streamlined visa process.

As the largest port in the Yunnan section of the China-Vietnam border, the Hekou Port is welcoming thousands of tourists each day during the summer holiday.

To deal with the surge in visitors traveling through the border, a new facility for easier customs clearance at the Hukou port was put into trial operation in May, designed to handle 15 million cross-border passengers per year.

"I think the entry procedure for people traveling from Vietnam's Hanoi to China's Hekou is streamlined, which makes me feel convenient," said a visitor from Vietnam.

In addition to the streamlined visa procedure, the tourism boom has been fueled by convenient transportation.

In the past, visitors who visited Kunming, capital city of Yunnan Province, had to arrive at the Hekou port early in the morning by bus before transferring to other buses, which would take them nearly a day to get the destination, according to a tour guide from a Vietnamese travel agency.

However, the high-speed railway has greatly reduced travel time a few hours, providing tourists with a more convenient experience.

"To travel by high-speed train makes me feel more comfortable. Many Vietnamese travel agencies and travelers are satisfied about the services on train," said the tour guide. More than 12,000 people from over 700 Vietnamese tourist groups have traveled by high-speed trains after entering the Hekou Port since Aug 19, setting new record.

Many tourists would start their travels from Hekou Port and then get on trains to other destinations. Honghe Hani and Yi Autonomous Prefecture, Kunming, Dali, Lijiang and Shangri-La are among the most popular destinations for Vietnamese tourists.

In recent years, one-day tours to border prefectures including Honghe Hani and Yi Autonomous Prefecture have seen soaring popularity among Vietnamese tourists. These tours offer engaging activities such as supermarket shopping, savoring local delicacies, and enjoying leisurely coffee moments, catering to Vietnamese visitors eager to immerse themselves in Chinese customs.

"We love to travel to Honghe Hani and Yi Autonomous Prefecture. It is very popular for tourists from Vietnam," said a tour guide from Vietnam.

China-Vietnam border port sees booming cross-border tourism

China-Vietnam border port sees booming cross-border tourism

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Renewal of currency swap deal boosts trade between China, Nigeria: economist

2025-01-04 22:25 Last Updated At:22:37

The renewal of the currency swap agreement between China and Nigeria will enhance bilateral trade and help strengthen Nigeria's local economy, said a Nigerian economist.

At the end of December, China's central bank said that it had renewed a bilateral currency swap agreement with the Central Bank of Nigeria.

The total value of the agreement is 15 billion yuan (about 2.09 billion U.S. dollars), or 3.28 trillion Nigerian naira, the People's Bank of China said in a statement.

The agreement is valid for three years and can be renewed upon mutual consent, according to the statement.

The renewed currency swap agreement allows direct naira-to-yuan payments, cutting costs and easing the financial burden for importers like Martines Tochi.

For eight years, Tochi has relied on China for the supply of electrical cables, lighting equipment, and conductors.

Like many Nigerian traders, he once faced challenges in sourcing foreign exchange to pay suppliers

"Sincerely, we've been sourcing dollars from the black market. And we have been facing serious difficulties in sourcing them. Now, you're not going to source here in Nigeria, so it's a good development, a very good development to us," said Tochi.

Economists see this renewed agreement as a pathway to further strengthen the naira and expand bilateral trade.

"That's a very good opportunity for Nigeria to increase its trade volume with China, and it's one of the things that can help also, strengthen the local economy going by the kind of materials or goods that Nigeria imports from China -- electronics, machineries, equipment and what a view, which are essential for boosting industry, for enhancing the growth of our manufacturing sector and creating jobs in Nigeria at large," said Isaac Botti, an economist.

Nigeria is China's third largest trading partner in Africa, with bilateral trade amounting to 22.56 billion US dollars in 2023.

Renewal of currency swap deal boosts trade between China, Nigeria: economist

Renewal of currency swap deal boosts trade between China, Nigeria: economist

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