France-Vietnam waterway shipping route inaugurated

Nearly 600 tons of malt from France's central region will be shipped weekly to Vietnam via a new waterway route linking an inland port in the French department of Yonne with Cai Mep seaport in Ho Chi Minh City.

The route will create favorable conditions for trade ties between Bourgogne-Franche-Comte region and Vietnam, which is expected to thrive thanks to the European Union-Vietnam Free Trade Agreement (EVFTA) signed in late June. Since September, malt planted in Yonne will be transported to Vietnam to produce beer. The two sides recently inked a contract on shipping the first batch of 5,000 tones of malt to Vietnam.

Vietnamese Ambassador to France Nguyen Thiep stressed that the route is expected to lift trade relations between the two countries by 20 percent when the EVFTA takes effect. France's malt exports to Vietnam will increase to 250,000 tones next year, the diplomat noted, adding that Vietnam's staples will also be shipped to France via this route in the coming time if meeting European standards.

Source: VOV5