Localities in East-West Economic Corridor not paid enough attention

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Twenty five years after the East-West Economic Corridor (EWEC) was established, localities in the corridor have not been paid enough attention by countries so that it could turn into a cross-border economic corridor, a recent a forum in Vietnam on the development of logistics services in the EWEC was told. The People’s Committee of Ds Nang city organized the forum.

Da Nang City People’s Committee vice chairman Tran Phuoc Son said it is necessary to pay attention to investment in economic development and promote cross-border trade activities in localities along the route so that the EWEC is turns an economic corridor with a strong growth in logistics services.

Twenty five years after the East-West Economic Corridor was established, localities in the corridor have not been paid enough attention by countries so that it could turn into a cross-border economic corridor, a recent a forum in Vietnam on the development of logistics services in the EWEC was told. The People’s Committee of Ds Nang city organized the forum.

Being aware of the above orientation, the city, as well as five provinces and cities in the Central Key Economic Region and the authorities of the provinces of Laos, Thailand and Myanmar have had specific programmes and actions to promote the development of logistics services, Son said.

The forum was part of the International EWEC Trade, Tourism and Investment Fair-Da Nang 2022.

The forum was aimed at maximising the advantages of the strategic geographical location of the city, and at strengthening links and cooperation between Da Nang and provinces and cities of Vietnam and other countries along the corridor, a news agency reported.

Despite having significant advantages for development, Da Nang’s logistics service industry still has several difficulties and limitations to overcome, Tran Thanh Hai, deputy director of the import-export department under the Vietnamese ministry of industry and trade, said.

The city’s logistics infrastructure was not synchronised and worthy of the role of a logistics service centre of the Central Key Economic Zone to help effectively connect with the EWEC and the whole country, he added.

Fibre2Fashion News Desk (DS)




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