Opportunities and shortcomings in economic, trade, investment and tourism ties between Vietnam and China were the main topics at a seminar in Beijing on August 20, aiming to help raise bilateral trade value to 100 billion USD.
The event, jointly held by the Vietnamese Embassy in China and the ASEAN-China Centre, drew nearly 100 representatives from ministries and localities, scholars and entrepreneurs of the two countries.
Addressing the seminar, Vietnamese Ambassador Nguyen Van Tho said the Vietnam-China comprehensive strategic cooperative partnership has enjoyed dynamic developments with cooperation in economics, trade and investment playing an important role.
Given the fast-changing regional and global economic and financial markets, the diplomat suggested the two countries join hands to maintain economic stability in each country as well as the Asia-Pacific region.
The two countries should further tap their cooperation potential and facilitate import-export activities in a bid to balance the bilateral trade, he said.
Statistics released by the Chinese customs show that two-way trade turnover reached 41.8 billion USD in the first half of this year, a year-on-year increase of 16.6 percent. Of the amount, China’s export turnover to Vietnam stood at about 31 billion USD, up 14.8 percent, while its imports from Vietnam were worth 10.8 billion USD, up 22.1 percent.
China has been Vietnam’s largest trade partner for 11 consecutive years. Vietnam also ranks second among ASEAN countries in term of bilateral trade growth rate.
Progresses have been also made in investment and tourism cooperation between Vietnam and China, the seminar heard.
The Chinese side, however, said the imbalance in bilateral trade remains a headache for both countries.
At the same time, growth in investment ties was mainly driven by Chinese investment, most for political reasons, they said, adding the great potential for tourism cooperation is yet to be fully tapped due to lax coordination between the two countries’ tourism agencies.
The participants put forth a host of solutions to push the trade ties, including negotiations to boost China’s import of Vietnamese agricultural and industrial products and increase China’s direct investment in goods production in Vietnam for export to China.-VNA
A delegation from the Ministry of Industry and Trade led by Minister Vu Huy Hoang is on a working visit to China from Oct. 11-14, to discuss measures to raise two-way trade to 25 billion USD by 2010.
Vietnam and China hold great potential and opportunities for further cooperation and Vietnam pledges to create favourable conditions for foreign businesses to invest in the country, said a ministry official.
A Vietnam-China trade conference was held in Nanning city of China on Oct. 23, as part of the ongoing 8 th China-ASEAN Expo and the 8 th China-ASEAN Business and Investment Summit.
A trans-national economic cooperation zone connecting Dong Dang (Lang Son, Vietnam) and Pingxiang (Guangxi, China) will benefit both local and national cooperation and mutual development, heard a workshop.
The 21st Vietnam – China Trade Fair kicked off in Pingxiang city, Guangxi, China on December 11, drawing great number of enterprises and businessmen from the two countries and ASEAN member nations.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Participants at the seminar (Photo: VNA)
