CHINA. China Duty Free Group (CDFG) has won an open tender to operate a departures duty free store at Dongxing Port in Fangchenggang, part of the Guangxi Zhuang Autonomous Region on the border with Vietnam.
The store will be operated as a joint venture between CDFG and Dongxing Development and Investment Group Co.
Dongxing Port is connected to Mon Cai in Vietnam through the two Beilun River bridges and ranks as the main trade route between China and Vietnam, according to China’s Trip.com.
The store will be located at the port’s second cross-border bridge, opened in March 2019. CDFG has operated a duty free store by Beilun No.1 Bridge for 26 years.
CDFG described Dongxing City as the bridgehead of China’s ‘Belt and Road Initiative’.
In pre-pandemic 2019, some 12.29 million people entered and exited through Dongxing Port. CDFG described the port as a convenient land and water gateway from South China, the Pearl River Delta and other regions to Vietnam and other ASEAN countries.
The opening of the new bridge sharply boosted capacity to serve what was then a booming border trade between China and Vietnam, a flow later severely impacted by the pandemic. However with China easing COVID-related restrictions, traffic levels are expected to rise steadily in coming months. ✈
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