According to the Ministry of Industry and Trade, the bilateral trade between the two countries is recovering impressively despite ongoing global economic difficulties and geopolitical conflicts.

China remains the largest trading partner, the largest import market and the second largest export market of Vietnam in the world.

Updates from the General Statistics Office showed that Vietnam’s exports to China reached $27.8 billion in the first half of this year, up 5.3% over the same period last year. Vietnam imported goods worth $67 billion from China in the reviewed period, up 34.7%.

Vietnam ran a trade deficit worth $39.2 billion with China in the period, up 67.9%.

The Vietnam Trade Office in Beijing said that the Chinese economy is recovering positively. The Chinese Government is also issuing policies on import-export management which will create favorable conditions for exports into this market if products meet quality standards.

The trade office pointed out that Vietnam has plenty of opportunities to increase exports to China. Chinese enterprises are showing interests in buying manufacturing and processing and agricultural products, especially fruits from Vietnam such as durians, watermelons and bananas.

To date, a dozen agricultural products are exported officially to China, with negotiations being completed for the official export of fresh coconuts and frozen durians.

Vietnam, Laos, China enhance border management cooperation

A trilateral meeting between Vietnam, Laos and China was held at the shared border mark of the three countries on May 15.

Green economy, digital economy breakthrough of Vietnam-China ties: PM

Prime Minister Pham Minh Chinh on May 14 expressed his belief that economic-investment-trade cooperation, especially in green economy and digital economy, will be a driver and a breakthrough of the Vietnam-China relationship.

Government says high-speed rail route to China priority

The government has decided to prioritize the construction of two high-speed railroad lines in the north before 2030, including one connecting with China.

Promoting comprehensive, profound and sustainable Vietnam-China relations

Chairman of the National Assembly Vuong Dinh Hue led a high-ranking Vietnamese delegation to pay an official visit to China from April 7 to 12, at the invitation of Chairman of the Standing Committee of the National People’s Congress (NPC) of China Zhao Leji.

Vietnam, China step up cooperation between localities

Vietnamese Minister of Foreign Affairs Bui Thanh Son and Secretary of the Party Committee of the Guangxi Zhuang Autonomous Region of China Liu Ning discussed measures to further promote relations between Vietnamese ministries and agencies, and Guangxi province of China at their meeting in Chongzuo city on April 3.

Source: VnExpress