At a regular press conference held by the Ministry of Commerce on August 22, the spokesman said that bilateral trade between China and Vietnam has been developing rapidly in recent years, and China is Vietnam’s largest trading partner, bilateral trade between China and Vietnam has exceeded 200 billion US dollars for three consecutive years.
Bilateral trade between China and Vietnam reached US $145.07 billion in the first seven months of this year, up 20.9 percent year-on-year, a ministry of Commerce spokesman said. China is also Vietnam’s largest agricultural export market. Durian and pitaya are popular with Chinese consumers. China’s agricultural imports from Vietnam account for about one-fifth of total agricultural imports from ASEAN.
From the perspective of investment cooperation, Vietnam is an important overseas investment destination for China. From January to July this year, Chinese enterprises invested 1.84 billion US dollars directly in Vietnam, maintaining a rapid growth. The second line of the Light Railway in Hanoi, Vietnam, built by Chinese Enterprises, provides a convenient travel experience for local people. Chinese companies have invested in a number of solar and wind power projects, setting an example of green economic cooperation between the two sides.
He Yadong, spokesman for the Ministry of Commerce, said that in the next step, the Ministry of Commerce will support enterprises from both sides to make full use of platforms such as the Expo, the Canton Fair and the china-asean Expo, we will expand trade in high-quality agricultural products and manufactured goods, promote mutually beneficial cooperation in digital economy and green development, and accelerate negotiations on china-asean free trade area version 3.0, continue to release the Regional Comprehensive Economic Partnership (RCEP) dividends, to make a greater contribution to regional development and prosperity.