70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam desires stronger ties between ASEAN and China
Son Nguyen 17:46, 2023/09/17
Vietnamese Prime Minister Pham Minh Chinh attended the opening ceremony of the China-ASEAN Expo 2023 and the China-ASEAN Business and Investment Summit 2023 in Nanning, Guangxi Province.

Prime Minister Pham Minh Chinh today (Sept 17) expected ASEAN and China to take bilateral relations to a higher level and consolidate peace, stability and prosperity in the region.

Prime Minister Pham Minh Chinh and Vietnamese officials press the button to open the Vietnamese pavilion at the CAEXPO 2023 and CABIS 2023 on September 17. Photo: VGP

Addressing the opening ceremony of the 20th China-ASEAN Expo (CAEXPO 2023) and the 20th China-ASEAN Business and Investment Summit 2023 (CABIS 2023) in Nanning, Guangxi, Chinh said after 20 editions, CAEXPO and CABIS have become symbols and major flagships of China-ASEAN economic, trade and investment cooperation. The past 20 years have witnessed major breakthroughs in China-ASEAN relations; bilateral trade, which grew from only US$78.2 billion in 2003 to US$975.6 billion in 2022, will make China and ASEAN each other's top trading partners and major investment partners.

To strengthen economic, trade and investment cooperation between ASEAN and China, and make good use of CAEXPO and CABIS mechanisms to bring practical benefits to countries in the region, Prime Minister Pham Minh Chinh proposed to firmly push forward the balanced and sustainable development of bilateral trade, aiming to make ASEAN China's first trading partner with bilateral trade exceeding US$1 trillion.

In addition, the Vietnamese leader also urged to foster strategic connectivity to develop both hard and soft infrastructure to promote high-quality, harmonious and mutually beneficial connectivity between the Belt and Road and ASEAN's perspective on Indo-Pacific cooperation as perceived by leaders at the recent ASEAN-China Summit.

He said it's important to strengthen the connection of multimodal transport infrastructure, especially railways and highways, to forge greater connectivity with ASEAN countries and expand ASEAN exports to Europe and Central Asia through China.

Earlier, at talks with Chinese Premier Li Qiang, Prime Minister Pham Minh Chinh stressed the importance of Vietnam-China relations in the foreign policy of both countries, reiterating that the Vietnamese Party and State attach importance to and are determined to develop friendly and stable cooperative relations with the neighboring country. A stable and healthy relationship with China is a strategic choice and a top priority in Vietnam's foreign policy.

Vietnamese footwear products displayed at the Expo. Photo: VGP

The two sides should take advantage of their geographical proximity and mutual complementarity to promote practical cooperation for balanced and sustainable development, Minh Chinh said, urging China to open its market wider for Vietnam's agricultural and fishery products. He called on China to create conditions for the early establishment of Vietnam Trade Promotion Offices in Chengdu (Sichuan) and Haikou (Hainan).

He suggested better coordination to improve the efficiency of customs clearance and avoid congestion of goods at the border gates. Prime Minister Pham Minh Chinh affirmed that Vietnam is willing to create favorable conditions for Chinese enterprises to invest and do business in Vietnam, especially in large-scale projects with modern technology and high quality. 

The two sides need to strengthen connections in terms of transport and border gate infrastructure, weighing cooperation in the planning and construction of a number of railway lines in the northern region of Vietnam to improve freight transport capacity both between Vietnam and China and through third countries.

Agreeing with Prime Minister Pham Minh Chinh's cooperation proposals, Premier Li Qiang affirmed that China will continue to open its market to Vietnamese products, especially high-quality agricultural and aquatic products, and further expanding the scale and improve trade efficiency by improving border gate infrastructure, enhancing connectivity policies, building smart border gates and promoting local currency payments.

Vietnam Pavilion inaugurated at CAEXPO 2023

Prime Minister Pham Minh Chinh pushed the button to inaugurate Vietnam's pavilion at the 20th China-ASEAN Expo (CAEXPO 2023) in Nanning City, Guangxi Province, China, today (September 17).

Among the participating ASEAN countries, the Vietnamese pavilion was the largest, with about 200 booths covering an area of nearly 5,000 square meters, showcasing high-quality Vietnamese products and services.

Prime Minister Pham Minh Chinh reiterated that the Government, ministries, agencies and local authorities always stand ready to accompany and support Vietnamese enterprises in their growth in China and in regional and international markets. "Vietnamese enterprises will continue to play an important role and contribute to the country's overall development," he said.


TAG: Vietnam news ASEAN China relations CAEXPO 2023 CABIX 2023 Prime minister Pham Minh Chinh vietnam china relations
Other news
16:54, 2024/06/22
Vietnam's economy set for higher GDP growth than regional peers: IMF
Thanks to the efforts of the political system, the people, businesses, and international friends, Vietnam has achieved significant and comprehensive results across all sectors.
16:52, 2024/06/22
Prime Minister set to attend WEF forum in China
Prime Minister Pham Minh Chinh is scheduled to attend the World Economic Forum's (WEF) 15th Annual Pioneers Meeting in China next week.
12:25, 2024/06/22
Vietnam’s veggie exports top US$3 billion in H1
The figure could go up to US$7 billion this year, which is $0.5 billion to $1 billion above the planned target.
20:33, 2024/06/20
Vietnam, Russia to deepen economic cooperation
Vietnam and Russia agreed to explore and expand cooperation in new and clean energy sectors, contributing to green transition and sustainable development.
20:05, 2024/06/20
Vietnam Gov’t urges greater efforts to support real estate market
The housing market, like the economy, has shown positive recovery signs month after month, but difficulties are still present.
17:01, 2024/06/18
Non-cash payment fast becoming the norm in Vietnam
Non-cash payment is crucial to reducing the volume of cash in circulation, which in turn lowers the social costs associated with cash handling.