By love-89.com On October 17, during a press conference, He Yadong, the spokesperson for the Ministry of Commerce of China, emphasized the country’s commitment to enhancing bilateral trade cooperation with Vietnam. He outlined plans to explore emerging sectors such as information technology, renewable energy, and the digital economy.
He stated that both Chinese and Vietnamese enterprises will be encouraged to leverage platforms such as the China International Import Expo, the Canton Fair, and the China-ASEAN Expo to boost trade in quality agricultural products and industrial goods.
Furthermore, He mentioned the importance of utilizing bilateral trade agreements and policies, including the Regional Comprehensive Economic Partnership (RCEP) and the upgraded version of the China-ASEAN Free Trade Area, to maximize mutual benefits for both countries.
China stands as Vietnam’s largest trading partner, while Vietnam is China’s top trading partner in the ASEAN region. According to Chinese statistics, the bilateral trade volume between China and Vietnam has exceeded $200 billion for three consecutive years, reaching $190.38 billion in the first nine months of 2024—a 17.6% increase year-on-year. Vietnam also remains a significant destination for Chinese investment abroad, with Chinese enterprises investing $1.97 billion directly in Vietnam from January to August 2024, maintaining a rapid growth trend.