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
Indonesia to end incentives for imported CBU BEVs in 2026

Indonesia to end incentives for imported CBU BEVs in 2026

The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.

Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7

Aquatic sector advised to navigate challenges, secure exports to EU, US

Aquatic sector advised to navigate challenges, secure exports to EU, US

Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.

Companies - Tue, September 16, 2025 | 9:41 pm GMT+7

Vietnam pledges favorable conditions for UK businesses

Vietnam pledges favorable conditions for UK businesses

Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the UK.

Companies - Tue, September 16, 2025 | 9:29 pm GMT+7

Lotte Shopping plans to open more shopping malls in Vietnam

Lotte Shopping plans to open more shopping malls in Vietnam

South Korean retail giant Lotte Shopping has unveiled plans to open an additional two to three large-scale shopping malls in major Vietnamese cities by 2030, underscoring the country’s growing role in the group’s international expansion strategy.

Companies - Tue, September 16, 2025 | 9:25 pm GMT+7

Vietnam ratifies WTO Agreement on Fisheries Subsidies

Vietnam ratifies WTO Agreement on Fisheries Subsidies

Vietnam officially deposited its instrument of ratification of the Agreement on Fisheries Subsidies at the WTO General Council’s special session in Switzerland on Monday.

Companies - Tue, September 16, 2025 | 9:21 pm GMT+7

What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?

What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?

NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.

Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7

Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026

Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026

Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.

Industries - Tue, September 16, 2025 | 3:54 pm GMT+7

Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex

Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex

A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.

Industries - Tue, September 16, 2025 | 2:44 pm GMT+7

Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.

Energy - Tue, September 16, 2025 | 1:44 pm GMT+7

Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers

Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers

Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.

Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7

Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister

Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister

Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.

Economy - Tue, September 16, 2025 | 9:36 am GMT+7

Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry

Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry

The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.

Finance - Tue, September 16, 2025 | 8:00 am GMT+7

E-commerce boom a major driver of Vietnam's packaging paper industry growth

E-commerce boom a major driver of Vietnam's packaging paper industry growth

Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.

Companies - Mon, September 15, 2025 | 10:20 pm GMT+7

Vietnam needs support from UK in developing international financial center: Deputy PM

Vietnam needs support from UK in developing international financial center: Deputy PM

Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).

Finance - Mon, September 15, 2025 | 10:12 pm GMT+7

Vietnam enforces 8% capital adequacy ratio for banks from Sept 15

Vietnam enforces 8% capital adequacy ratio for banks from Sept 15

Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.

Banking - Mon, September 15, 2025 | 10:04 pm GMT+7

Tool for wood traceability management debuts in Vietnam

Tool for wood traceability management debuts in Vietnam

The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.

Companies - Mon, September 15, 2025 | 10:00 pm GMT+7