The Geographical Features of Hanoi
The Capital, Hanoi, is located in the North near the Chinese border, and the city has a history of trade with China.
Geographical Features of Ho Chi Minh City
Ho Chi Minh City is the biggest city in Vietnam, and being located in the center of the ASEAN region, it is expected that relations with the other ASEAN nations will increase in the future.
Since AFTA-CEPT came into effect following the start of AFTA in 2010, tariffs among the 6 countries that make up the earliest ASEAN members have been eliminated. In the end of 2015, Vietnam and other 3 countries (Myanmar, Laos, Cambodia) will also become part of this zero-percent tariff ASEAN territory.
Cross-border transportation has increased thanks to broadening markets and developments in the international division of labor. An Asia highway network is also under development to create a transportation system between the ASEAN countries and China.
Through the Common Effective Preferential Tariffs scheme under AFTA-CEPT, it is predicted that materials procurement and product supply among the ASEAN countries will intensify.