At the end of November 2023, Prime Minister Pham Minh Chinh happily welcomed Minister Vuong Van Dao and the delegation of the Chinese Ministry of Commerce on a working visit to Vietnam. Congratulating China on the important achievements it has achieved recently, the Prime Minister expressed his joy about the positive and comprehensive development trend of relations between the two Parties and the two States, especially after the official visit of General Secretary Nguyen Phu Trong in October 2022.
Prime Minister Pham Minh Chinh affirmed the importance of the comprehensive strategic cooperative partnership between Vietnam and China, considering this a top priority in Vietnam's foreign policy. The Prime Minister emphasized that this relationship is not only a partnership but also a comrades and brothers.
China has continuously been Vietnam's leading trading partner since 2004, and is the 4th largest foreign investment capital market in terms of capital and the top in terms of number of new projects in Vietnam. Male. In 2022, Vietnam will become China's 4th largest trading partner based on national criteria, and China's largest trading partner in ASEAN. In the first 10 months of 2023, Vietnam-China import-export turnover will reach nearly 140 billion USD.
Prime Minister Pham Minh Chinh proposed that the Chinese Ministry of Commerce continue to cooperate closely with the Ministry of Industry and Trade and Vietnamese ministries and branches to expand the scale of bilateral trade in a more sustainable and balanced direction. He also suggested strengthening collaboration to restore the supply chain, review signed documents, and study signing new cooperation agreements.
The Prime Minister also promoted increasing infrastructure connectivity, including waterway connections, seaports, and the construction of the Vietnam-China high-speed railway. At the same time, he proposed strengthening links and ensuring smooth supply chains of goods in many fields, including industry and agriculture. The Prime Minister also proposed that China expand imports of high-quality agricultural products from Vietnam such as seafood and milk; Support in building brands of some of Vietnam's strong products and fields in the Chinese market; bringing Vietnamese goods deeper into localities and retail systems in China; coordinate to facilitate and effectively classify customs clearance between border gates so that all Vietnamese goods enter the Chinese market smoothly; Facilitate and coordinate effective implementation and diversification of trade promotion activities in each country; Accelerate the establishment of Vietnam Trade Promotion Offices in Chinese localities.
China's Minister of Commerce, Wang Wentao, strongly agreed and pledged to report to Chinese leaders and continue to cooperate closely with Vietnamese agencies. The Minister proposed that Vietnam continue to facilitate Chinese investment in Vietnam; Strengthen multilateral cooperation and build 5G networks; promote regional economic unification, including cooperation within the framework of the Regional Comprehensive Economic Partnership (RCEP) and the World Trade Organization (WTO); upgrading the ASEAN-China Free Trade Agreement...
Through Minister Vuong Van Dao, the Prime Minister sent an invitation to visit Vietnam to Chinese Prime Minister Li Qiang, along with greetings and wishes of good health.
