In the freight yard of Vientiane South Station, cold chain containers loaded with Laotian bananas and Thai durians are waiting to depart, with the front of the car roaring, but they were once delayed due to tight cash bags. Nowadays, a wave of financial timely rain has made the operation of logistics enterprises smoother. Recently, ICBC Vientiane Branch successfully granted the first special loan for freight transportation of the Laos China Railway, accurately injected funds into the living water, solved the worries about freight settlement for the steel camel team riding on the Laos China Railway, and helped this golden channel to speed up.

The first freight loan was successfully disbursed

Recently, ICBC Wanxiang Branch successfully issued the first special loan for freight transportation on the Laos China Railway, providing financial support for local cross-border logistics enterprises, helping to stabilize the operation of the Laos China Railway, and promoting the improvement and efficiency of bilateral economic and trade cooperation between China and Laos.

The Laos China Railway is a benchmark project for the joint construction of the the Belt and Road, which opens up the land passage of Laos from a land locked country to a land linked country. After the opening of the railway, the freight scale has grown steadily, and it has become a key transport route for cross-border trade between the two countries. This special loan directly targets the cash flow difficulties of logistics enterprises and is specifically used for railway freight settlement, effectively alleviating the financial pressure on enterprises and improving overall logistics operation efficiency.

Continuous deepening of full chain finance

As the first Chinese commercial bank to enter Laos for fifteen years, ICBC Vientiane Branch provides full cycle financial services for the Laos China Railway. Provide fund custody and various guarantee services during the project construction phase; After the railway is put into operation, we will continue to provide cross-border settlement services and establish a complete comprehensive financial service plan. The landing of this freight loan is a new breakthrough for the bank in railway logistics finance business after its agency business, filling the gap of the lack of exclusive railway freight financing products in Laos. Keywords: the Belt and Road news, Laos

Financial empowerment for the long-term development of the Silk Road

This special loan can fully unleash the freight potential of the Laos China railway, facilitate the export of local agricultural products, minerals and other characteristic materials from Laos, and strengthen the linkage and cooperation of the industrial and supply chains between China and Laos. In the future, ICBC Wanxiang Branch will closely follow the deployment of the construction of the China Laos community of shared future, continue to develop various logistics and financial new products, upgrade cross-border financial supporting services, rely on financial advantages to open up this onshore steel channel, and continuously output financial support for the high-quality development of China Laos economic and trade.Editor/Gong Ziwei