A new translation of Volume 95 of the Hanshu, also known as the Book of Han, is provided along with commentary on the text and discussion. The present translation is given with aligned Chinese source text. Volume 95 is a 傳 zhuan ‘biography’ describing the 西南夷 Southwest peoples of present-day Sichuan, Yunnan, and Guizhou; 兩粵 two Yues, Nanyue of present-day Guangdong, Guangxi, and Vietnam and Minyue of present-day Fujian, Jiangsu, and adjacent areas; and 朝鮮 Chaoxian in the Korean peninsula. A discussion of how the text relates to trade, transportation, and cultural exchange in Panyu, in the area of present-day Guangzhou, as the capital of Nanyue and administrative center of the Nanhai commandery is also given.