Trade and economics: Outstanding highlights in Vietnam and China cooperation

Published 2023년 9월 15일

Tridge summary

Vietnam and China's economic trade has grown significantly in the past 15 years, with trade turnover between the two countries increasing more than eight times. Vietnam remains China's largest trading partner in ASEAN and its fourth-largest trading partner overall. Additionally, Vietnam's fruit and vegetable exports to China have seen a sharp increase, with durian becoming a billion-dollar export product in the first year of official export to China.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Economic trade is considered a bright spot in the 15 years that Vietnam - China established a comprehensive strategic cooperative partnership, when many important cooperative achievements were reaped. In that context, from September 16-17, Prime Minister Pham Minh Chinh will lead the Vietnamese delegation to attend the China-ASEAN Expo and the 20th China-ASEAN Trade Investment Summit in Nanning city, Guangxi, China. This is an opportunity for the two sides to continue to promote their potential and advantages, promoting the continuous development of bilateral cooperation. Mr. Nong Duc Lai, Commercial Counselor of the Vietnamese Embassy in China, assessed that over the past 15 years, the trade turnover between the two countries has continuously increased. “If in 2008, when the two countries established a framework of comprehensive strategic cooperation partnership, the import-export turnover of the two sides reached 20.8 billion USD, by 2022, the total import-export turnover of the ...

Source: Vov