This information was published by the Deputy Chief of the Office and Spokesperson of the Ministry of Commerce of China He Yadong, during a press conference on August 23.

China is also the largest export market for Vietnamese agricultural products. Chinese consumers highly favour Vietnamese fruits, such as durian and dragon fruit. Vietnam accounts for about one-fifth of the total value of agricultural imports from ASEAN countries.

Regarding investment cooperation, Vietnam is an important foreign investment destination for China. From January to July this year, Chinese companies made direct investments of 1.84 billion USD in Vietnam, maintaining rapid growth, with many projects focusing on green economy and urban transportation.

The Spokesperson of the Ministry of Commerce of China stated that in the near future, the 75th anniversary of establishing diplomatic ties between the two countries in 2025 will be an opportunity to promote the improvement and upgrading of economic and trade cooperation between the two countries.

The representative of the Ministry of Commerce of China proposed four specific measures:

Firstly, it is essential to enhance bilateral trade cooperation and support enterprises from both sides in maximising platforms, such as the China International Import Expo and the China-ASEAN Expo, to expand trade exchanges of high-quality agricultural products and industrial finished goods.

Secondly, new momentum should be created for investment cooperation and mutually beneficial collaboration will be enhanced in areas such as the digital economy and green development.

Thirdly, it is crucial to the supply chain to support both sides in enhancing cooperation between industrial zones and localities, and jointly promote trade facilitation and coordinated industrial development.

Fourthly, regional economic integration will be further promoted, negotiations on the China-ASEAN Free Trade Area version 3.0 will be accelerated, and the role of the Regional Comprehensive Economic Partnership (RCEP) will continue to be leveraged to contribute more to the development and prosperity of the region.

Vietnam - China comprehensive strategic cooperative partnership

General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam and his spouse are paying a state visit to China from August 18 – 20 at the invitation of General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping. Vietnam and China, as neighbouring countries, share many similarities in culture, political systems, and development paths. 

Smart checkpoints to be piloted at Vietnam-China border gate pair

Deputy Prime Minister Le Thanh Long has signed to issue Decision 865/QD-TTg approving a pilot project on building smart border checkpoints at a specialised freight transport routes through the areas of Border Markers No.1119 – 1120 and No.1088/2 – 1089 of the Huu Nghi (Vietnam) – Youyi Guan (China) International Border Gate Pair.

China leads in number of FDI projects in Vietnam in seven months

Foreign direct investment (FDI) from China has continued to flow into Vietnam, according to the Ministry of Planning and Investment.

Vietnam and China continue to boost Comprehensive Strategic Cooperative Partnership

After more than 74 years of establishing diplomatic relations, Vietnam and China have maintained a relationship with a stable development trend and important achievements. Specifically, during the two historic visits of the two General Secretaries of the two Parties in 2022 and 2023, the two sides agreed to deepen and elevate the relations to a Comprehensive Strategic Cooperative Partnership and build a Vietnam-China community with a shared future carrying strategic significance.

Vietnam and China promote border trade

A delegation led by Ho Quang Huy, Vice Secretary of the Party Committee and Chairman of the People's Committee of Mong Cai City, held talks in Mong Cai City, on August 13, with a delegation from Dongxing City, China, led by Vice Secretary of the Party Committee and Mayor of the Chinese city of Li Jian.

Vietnam pushes for cultural ties at ASEAN-China Week

A Vietnamese delegation led by Deputy Minister of Culture, Sport and Tourism Ho An Phong is attending the ASEAN-China Week that opened in the Chinese province of Shanxi on August 12.

Source: NDO