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You are here: Home / Politics / Fostering trade cooperation between Vietnam and China

Fostering trade cooperation between Vietnam and China

November 4, 2018 by nhandan Leave a Comment

The Chinese people have gained considerable achievements in the cause of national development while maintaining political and social stability over the past few years. China’s economy has maintained a high average growth rate and the national gross domestic product (GDP) jumped from US$8.13 trillion in 2012 to US$12 trillion in 2017, ranking second in the world and contributing over 30% to global GDP growth. The economic structure has been constantly improved with the strong development of emerging industries in addition to the massive construction of infrastructure, including high-speed rail, roads, bridges, seaports, airports, and others. China’s science and technology sector has also seen tremendous growth, particularly in the areas of aerospace, information technology, new materials, oceanography and military technology. Regarding external relations, China attaches significant importance to developing relations with powerful and neighbouring countries, while playing the leading role in cooperative mechanisms established by China. The relationship between Vietnam and China continues to develop positively. The two countries regularly maintain high-level bilateral meetings and exchanges in order to enhance the political trust between the two sides. High-ranking leaders of the two countries have reached a common perception of continuing to promote the comprehensive strategic cooperative partnership between Vietnam and China in a sustainable and healthy manner. The bilateral economic and trade cooperation has also made remarkable progress with strong and stable growth in two-way trade revenues. The bilateral trade revenue reached US$66 billion in the first eight months of 2018. China is currently the largest trading partner, the largest import… [Read full story]




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