Vietnam, China to expand cooperation in a range of fields

By VNE/The Investor
Mon, June 26, 2023 | 9:15 pm GMT+7

Vietnam and China will expand cooperation in a range of fields, including finance, agriculture, transportation, environment, health, science and technology, and further improve customs clearance to avoid congestion of goods at the border gate.

Prime Minister Pham Minh Chinh and Chinese Premier Li Qiang made the statement at the talks on Monday during the former’s ongoing official visit to China.

Highlighting the positive development of the relations between the two countries following the historic visit to China by General Secretary Nguyen Phu Trong, PM Chinh said the Vietnamese Party, State and people consistently attach great importance to developing good relations with the Chinese Party, Government and people.

He affirmed that this is a consistent and strategic policy and a top priority in Vietnam’s foreign policy of independence, self-reliance, multilateralisation and diversification.

Chinese Premier Li Qiang said that China always considers Vietnam a priority in its neighbourly foreign policy.

China always supports Vietnam to successfully implement the cause of industrialization and modernization of the country and enhance its international role, he said.

PM Pham Minh Chinh and Chinese Premier Li Qiang witness the signing of a cooperation agreement between Vietnam's Ministry of Natural Resources and Environment and China's Ministry of Natural Resources. Photo courtesy of VNA.

PM Pham Minh Chinh and Chinese Premier Li Qiang witness the signing of a cooperation agreement between Vietnam's Ministry of Natural Resources and Environment and China's Ministry of Natural Resources. Photo courtesy of VNA.

The two sides agreed to promote the effective implementation of the Vietnam-China Joint Statement on further promoting and deepening the Vietnam-China comprehensive strategic partnership.

They also agreed to maintain exchanges and contacts at all levels, promoting exchanges and cooperation in the Party channel, between the two governments, between Vietnam’s National Assembly and China’s National People's Congress.

The two countries should also expand cooperation in key fields such as diplomacy, defence and security as well as strengthen substantive cooperation in all fields.

Prime Minister Pham Minh Chinh meets Chinese Premier Li Qiang during his ongoing official visit to China. Photo courtesy of VNA.

Prime Minister Pham Minh Chinh meets Chinese Premier Li Qiang during his ongoing official visit to China. Photo courtesy of VNA.

The two leaders also agreed that Vietnam and China build a land border of peace, stability, cooperation and development as well as control disagreements while maintaining peace and stability at sea, strengthening coordination in international and regional forums.

PM Chinh suggested China accelerate the progress of opening the market for Vietnam’s agricultural and aquatic products, create favourable conditions for the early establishment of Vietnam Trade Promotion Offices in Chengdu (Sichuan) and Haikou (Hainan).

He also expressed his wish that the two countries will coordinate with each other to improve customs clearance efficiency, avoid congestion of goods at the border gate; coordinate to completely solve problems in a number of cooperation projects in the spirit of "harmonious benefits, shared risks", and speed up the implementation of China's grants to Vietnam.

The Vietnamese leader also suggested the two sides strengthen cooperation in the fields of finance, agriculture, transportation, environment, health, science and technology with a focus on green growth, circular economy, and climate change.

The two countries should also exchange experience in macro-economic management, financial and monetary policy; further promote cooperation in farming, agricultural product processing, disease control, and protection of aquatic resources in the Gulf of Tonkin.

They should also strengthen railway, road and sea connections; research and develop a number of standard gauge and high-speed railway lines connecting the two countries; while soon signing an agreement on search and rescue at sea and fully recover commercial flights.

PM Chinh said the two countries should strengthen cooperation in water resource management in the Mekong-Lancang river basin and expects China to have more scholarships for Vietnam.

Chinese Premier Li Qiang said he highly valued Vietnam's rapid economic development and dynamic business environment in the region.

He said economic and trade cooperation between the two countries has a high degree of complementarity and has great potential.

China will further open the market for Vietnamese goods, especially high-quality agricultural and aquatic products, and fruits.

It will also create favourable conditions for quarantine, customs clearance and is willing to work together to resolve problems so that the two countries' trade relations can continue to grow sustainably and achieve new results.

The Chinese leader suggested that the two sides strengthen strategic connectivity, especially in infrastructure and transport; promote cooperation in economy-trade and investment, especially in the fields of production, manufacturing, agriculture, cooperation in maintaining supply chains and production chains.

Premier Li Qiang said that the Chinese government encourages Chinese enterprises, especially its large and high-tech enterprises, to expand investment in areas suitable to Vietnam’s needs and its sustainable development strategies.

The two sides also had sincere and frank discussions on maritime issues, agreeing to affirm the importance of properly controlling disagreements and maintaining peace and stability in the East Sea (known internationally as the South China Sea).

PM Chinh suggested the two sides strictly implement the high-level common perception and the agreement on basic principles guiding the settlement of maritime issues between Vietnam and China.

He said the two countries should respect each other's legitimate rights and interests; settle disputes and disagreements by peaceful means in accordance with international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS), while promoting the effectiveness of negotiation mechanisms on maritime issues.

The two countries should fully and effectively implement the Declaration on the Conduct of Parties in the South China Sea (DOC), and strive to build a Code of Conduct in the South China Sea (COC) that is substantive, effective, and in line with the international law including UNCLOS 1982, he said.

The two prime Mmnisters also exchanged views on international and regional issues of mutual concern, agreeing to maintain coordination and cooperation at regional and international forums.

PM Chinh affirmed the consistency of the One China policy and support for China to promote its increasingly important and active role in the region and in the world.

He suggested that the two sides strengthen coordination and cooperation at regional and international forums, especially within the framework of the World Trade Organization (WTO), the Asia-Pacific Economic Cooperation (APEC), Asia-Europe Meeting (ASEM), Association of Southeast Asian Nations (ASEAN).

At the end of the talks, the two PMs witnessed the signing and announcement of four cooperation documents between the ministries, branches and localities of the two countries in the fields of immigration management, market supervision, and construction of smart border gate, research on marine environmental management in the Gulf of Tonkin.

Comments (0)
  • Read More
Former Government Office chairman receives $7,900 bribe from property project

Former Government Office chairman receives $7,900 bribe from property project

Mai Tien Dung, former Minister-Government Office Chairman, received a bribe worth VND200 million ($7,900) from Nguyen Cao Tri, owner of the Dai Ninh eco-resort and urban area project in Lam Dong province.

Society - Sat, November 2, 2024 | 9:13 pm GMT+7

Thai food giant CP enters public-private partnership to promote food system transformation

Thai food giant CP enters public-private partnership to promote food system transformation

Thai-invested C.P. Vietnam Livestock JSC and the Partnership for Sustainable Agriculture Vietnam (PSAV) signed a memorandum of understanding Friday on working together to advance sustainable agriculture in the country.

Companies - Sat, November 2, 2024 | 7:16 pm GMT+7

Central Vietnam province Quang Ngai to begin work on new VSIP industrial park next year

Central Vietnam province Quang Ngai to begin work on new VSIP industrial park next year

Vietnam’s central province of Quang Ngai will work with the investor to have construction of VSIP II Quang Ngai, a facility based on the Vietnam-Singapore Industrial Park (VSIP) model, begin in August 2025.

Industrial real estate - Sat, November 2, 2024 | 3:47 pm GMT+7

Vietnam likely to grow 6.5% in 2024-2025: VinaCapital

Vietnam likely to grow 6.5% in 2024-2025: VinaCapital

VinaCapital, among the biggest foreign-run asset managers in Vietnam, has forecast the country’s economy to achieve 6.5% growth in both 2024 and 2025, with the composition of the expansion to change to more domestically driven factors next year.

Economy - Sat, November 2, 2024 | 2:00 pm GMT+7

Major Vietnamese developer Novaland appoints new CEO

Major Vietnamese developer Novaland appoints new CEO

Duong Van Bac, who joined Novaland as chief financial officer in August 2023, has been appointed general director, starting Friday.

Companies - Sat, November 2, 2024 | 10:24 am GMT+7

Vietnamese conglomerate Bamboo Capital posts 36-fold profit growth in Q3

Vietnamese conglomerate Bamboo Capital posts 36-fold profit growth in Q3

Ho Chi Minh City-based Bamboo Capital Group recorded an after-tax profit of VND331.2 billion ($13.1 million) in the third quarter of 2024, an astounding 36-fold expansion year-on-year.

Southeast Asia - Sat, November 2, 2024 | 9:41 am GMT+7

ThaiBev to bag $54 mln from Sabeco’s upcoming dividend payout

ThaiBev to bag $54 mln from Sabeco’s upcoming dividend payout

Vietnam Beverage, wholly owned by Thai Beverage (ThaiBev) will rake in VND1,374 billion ($54.26 million) worth of dividend from Ho Chi Minh City-based top brewer Sabeco.

Companies - Sat, November 2, 2024 | 9:13 am GMT+7

Steel heavyweight Hoa Phat pours over $2 bln into central Vietnam complex

Steel heavyweight Hoa Phat pours over $2 bln into central Vietnam complex

Leading Vietnamese steelmaker Hoa Phat had invested more than VND52.5 trillion ($2.08 billion) in its Dung Quat Iron and Steel Integrated Complex (Dung Quat 2) in the central province of Quang Ngai as of Q3/2024.

Industries - Sat, November 2, 2024 | 8:00 am GMT+7

Vietnam becomes Australia’s fastest-growing inbound market

Vietnam becomes Australia’s fastest-growing inbound market

The number of Vietnamese tourists to Australia has grown significantly after the Covid-19 pandemic, with nearly 178,000 reported in the 12 months to August 2024, according to a Friday press release by the Australian Minister for Trade and Tourism’s Office.

Southeast Asia - Fri, November 1, 2024 | 10:02 pm GMT+7

Study finds shift in Thai consumers’ spending patterns

Study finds shift in Thai consumers’ spending patterns

Consumers in Thailand are shifting their spending focus to experiences and investments, according to the latest ASEAN Consumer Sentiment Study (ACSS) by United Overseas Bank (UOB).

Southeast Asia - Fri, November 1, 2024 | 10:00 pm GMT+7

Energy security, digitalization key to Indonesia's economic growth

Energy security, digitalization key to Indonesia's economic growth

The Indonesian government is prioritizing long-term economic growth through energy security, digitalization, and natural resource industrialization, according to Deputy Minister of Finance Thomas Djiwandono.

Southeast Asia - Fri, November 1, 2024 | 9:58 pm GMT+7

Vietnam PM's Middle East tour creates breakthroughs in economic, trade, investment cooperation: FM

Vietnam PM's Middle East tour creates breakthroughs in economic, trade, investment cooperation: FM

Prime Minister Pham Minh Chinh’s freshly ended six-day trip to the UAE, Saudi Arabia and Qatar has produced important outcomes, demonstrating the growing relations between Vietnam and the three Middle-East countries, Deputy Prime Minister and Foreign Minister Bui Thanh Son told the Vietnam News Agency.

Politics - Fri, November 1, 2024 | 9:25 pm GMT+7

Vietnam, Qatar look to tap potential for energy, oil & gas collaboration

Vietnam, Qatar look to tap potential for energy, oil & gas collaboration

Vietnam and Qatar have recognized the significant potential for further collaboration in multiple sectors such as energy, oil and gas, especially LNG, agriculture, Halal industry, and banking.

Politics - Fri, November 1, 2024 | 9:02 pm GMT+7

Thailand bans export of raw palm oil until December

Thailand bans export of raw palm oil until December

Thailand's Department of Internal Trade has temporarily banned the export of raw palm oil due to reduced production caused by drought and plant diseases.

Southeast Asia - Fri, November 1, 2024 | 8:31 pm GMT+7

Envision Energy to build $420 mln wind power plant in Vietnam from June 2025

Envision Energy to build $420 mln wind power plant in Vietnam from June 2025

Envision Energy Singapore Pte Ltd, under China-based Envision Energy, aims to kick off construction of the 300-MW Envision Nam Po wind power plant in Vietnam’s northern mountainous province of Dien Bien in June 2025.

Energy - Fri, November 1, 2024 | 8:30 pm GMT+7

Indonesia to ban plastic waste imports from 2025

Indonesia to ban plastic waste imports from 2025

The Indonesian government will start imposing a ban on the import of plastic waste from the beginning of next year, according to Minister of Environment Hanif Faisol Nurrofiq.

Southeast Asia - Fri, November 1, 2024 | 8:29 pm GMT+7