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Premier Li Advocates Enhanced China-Vietnam Economic Partnerships

At a prominent symposium in Hanoi, Chinese Premier Li Qiang urged entrepreneurs from China and Vietnam to strengthen their collaborative efforts, aligning with current market trends and seizing emerging opportunities for mutual growth.

Premier Li, alongside Vietnamese Prime Minister Pham Minh Chinh, highlighted the steady progress in China-Vietnam relations over recent years. He emphasized that as traditional socialist neighbors, both nations have significant opportunities to deepen economic and trade cooperation, which has become a cornerstone of their bilateral ties.

Looking forward, Li stressed the potential for expanded collaboration through aligned development strategies, enhanced connectivity, and leveraging mutual economic advantages. He pointed out the strong political trust, geographic proximity, and deep-rooted friendship that form the foundation of their partnership.

Encouraging entrepreneurs to actively participate in national development initiatives, Li highlighted the importance of utilizing economic and trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the upgraded China-ASEAN Free Trade Area. He proposed joint efforts in industry integration, stable cross-border supply chains, and innovation sectors including clean energy, biomedicine, and artificial intelligence.

Vietnamese Prime Minister Pham Minh Chinh echoed the importance of deepening bilateral relations, noting that China is Vietnam's largest trading partner and Vietnam holds the position of China's largest partner within ASEAN. He emphasized the pivotal role of economic cooperation in their friendly ties and expressed Vietnam's commitment to fostering a favorable business environment for Chinese enterprises.

Both leaders underscored the significance of initiatives like the Belt and Road Initiative, aligning it with Vietnam's Two Corridors and One Economic Circle strategy. Business representatives present at the symposium expressed optimism about the strategic guidance provided by their leaders, committing to explore opportunities in finance, infrastructure, the digital economy, and green energy.

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