General Secretary of the Communist Party of China Central Committee and President begins State visit to Vietnam.
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As the first overseas trip by the Chinese top leader after the CPC’s 19th National Congress, the visit is significant to the relationship between Vietnam and China. The visit takes place in the context that the bilateral relationship is on an active trend, as reflected through regular meetings between senior leaders of the two countries.
Vietnamese and Chinese leaders have reached important common perceptions on enhancing the comprehensive strategic cooperative partnership between the two countries in a stable and healthy way.
Accordingly, exchange and cooperation mechanisms between the Parties, Governments and National Assemblies as well as political-social organisations and localities of Vietnam and China have also been rolled out in a larger scale.
Vietnam and China established diplomatic ties on January 18, 1950. China is Vietnam’s biggest trade partner and largest tourism market. Vietnam has become China’s top trade and tourism partner in the Association of Southeast Asian Nations (ASEAN).
Two-way trade value expanded from 32 million USD in 1991 to 70.5 billion USD in 2016. The figure reached 55.23 billion USD in the first eight months of this year, with Vietnam’s trade deficit with China standing at 17.77 billion USD, down 5.4 percent year-on-year.
Vietnam welcomed 2.7 million Chinese tourists in 2016 and 2.65 million Chinese holiday-makers in January-August, 2017. As of August 2017, China has invested in 1,727 projects valued at 11.93 billion USD in Vietnam. In the first eight months of this year, China became Vietnam’s fourth largest investor with total registered capital of 1.6 billion USD.
In addition, the two countries have also stepped up partnerships in other areas like agriculture, water resources, environment, science-technology, transport, culture, sports, education, health care and people-to-people exchange...
