The economic relationship between the Chinese mainland and Vietnam remains robust as Vietnamese leader To Lam embarks on a state visit to China from August 18 to 20. This visit underscores the enduring partnership between the two nations, particularly in the realm of trade.
China has consistently been Vietnam's top trading partner for many years, highlighting the deep economic ties that bind the two countries. In return, Vietnam stands as China's largest trading partner within the Association of Southeast Asian Nations (ASEAN) and the fourth-largest trading partner globally. This symbiotic relationship is a testament to the strategic importance both nations place on their bilateral trade.
Over the past decade, trade between the Chinese mainland and Vietnam has seen significant growth, driven by mutual investments, expanding markets, and collaborative economic initiatives. The ongoing state visit by To Lam is expected to further strengthen these ties, paving the way for new opportunities and enhanced cooperation in various sectors.
Reference(s):
cgtn.com
