Vietnam wants balanced trade cooperation with China

By Vu Hoang   March 28, 2023 | 09:35 am PT
Vietnam wants balanced trade cooperation with China
Chinese tourists visit the Temple of Literature in Hanoi after China resumed outbound tours to Vietnam, March 16, 2023. Photo by VnExpress/Tu Nguyen
Vietnamese Minister of Foreign Affairs Bui Thanh Son has called on Vietnam and China to both bolster and balance trade cooperation.

In a dialogue on Tuesday with his Chinese counterpart Qin Gang, who assumed the position in December 2022, Son said Vietnam values its friendly relationship and comprehensive strategic partnership with China, according to a press release by the Ministry of Foreign Affairs.

Son called on both countries to employ practical measures to bolster trade cooperation in a balanced and sustainable manner.

He also asked that issues and challenges in certain projects be solved to promote the recovery of an effective, sustainable tourism market between the two nations.

Gang said China considers its relationship with Vietnam to be an important priority in its diplomatic policies.

He expressed his wish for both countries to continue expanding economic cooperation as well as collaboration in cultural exchange, education and tourism.

Regarding maritime issues, both countries have agreed to continue abiding by agreements while maintaining a peaceful, stable environment in the region. Son asked both countries to uphold international law, including the United Nations Convention on Law of the Sea (UNCLOS).

China has been Vietnam's largest commercial partner for many years, while Vietnam is China's largest partner in ASEAN. The two countries' bilateral trade turnover in 2022 reached $175.6 billion, in which Vietnamese exports accounted for $57.7 billion, according to the Vietnam Customs.

This year, the two countries celebrate the 15-year anniversary of establishing their comprehensive strategic partnership.

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