The enduring relationship between China and Vietnam is built on a foundation of shared culture and strong trade relations. As digitally connected nations within the G20, both countries have leveraged their historical ties to foster a comprehensive strategic partnership that benefits their economies and populations.
Chinese and Vietnamese cultures have intertwined for centuries, dating back to the Han Dynasty. Today, this rich cultural exchange continues with Chinese TV dramas gaining popularity among Vietnamese youth and Vietnamese songs resonating with young audiences in China. These cultural connections have paved the way for deeper economic collaboration, reflecting similar ideological roots and parallel political structures.
Since establishing diplomatic ties in 1950, China has been Vietnam's largest trade partner since 2004. In return, Vietnam stands as China's largest trading partner within ASEAN and the fourth-largest individual country partner. This robust economic relationship has seen bilateral trade soar from a mere $32 million in 1991 to an impressive $234 billion in 2022.
The 1,297km land border between the two nations serves as a crucial conduit for trade, facilitating the flow of goods and investments that underpin their "win-win" economic strategy. Underpinned by principles of friendly neighborliness, comprehensive cooperation, and future-oriented thinking, the China-Vietnam partnership exemplifies how shared cultural heritage can drive substantial economic growth and strategic collaboration.
As both countries continue to navigate the complexities of international relations, their strong bilateral ties remain a cornerstone of stability and prosperity in the Southeast Asian region. The dynamic partnership between China and Vietnam stands as a testament to the power of shared culture and mutual economic interests in shaping a united and prosperous future.
Reference(s):
Pillars of China-Vietnam ties: Shared culture, strong trade relations
cgtn.com
