President leaves for China visit
The President’s visit and attendance at the forum is made at the invitation of General Secretary of the Communist Party of China and President of China, Xi Jinping.
Vietnam and China have continued
to exchange regular high-level visits and meetings, through which they reached
common awareness about promoting the healthy and stable development of the
bilateral comprehensive strategic cooperative partnership.
The two countries’ ministries,
sectors and localities have also been expanding their partnership, contributing
to the strong development of economic, trade, investment and tourism
cooperation.
According to Vietnamese
statistics, two-way trade reached nearly 72 billion USD in 2016, a year-on-year
rise of 7.9 percent. Bilateral trade topped 19 billion USD in the first three
months of 2017, a yearly increase of 27.5 percent. China continued to be the
largest trade partner of Vietnam, while Vietnam has become a major trade
partner of China in ASEAN.
As of March 2017, China had 1,615 investment
projects worth 11.2 billion USD in Vietnam, ranking eighth out of the 116
countries and territories investing in Vietnam.
China also led in the number of tourists to
Vietnam with 2.7 million in 2016 (a year-on-year rise of 51 percent), while
Vietnam led in ASEAN in the volume of visitors to China with 2.2 million. Some
950,000 Chinese holidaymakers arrived in Vietnam in January-March this year.
President
Tran Dai Quang’s visit and attendance at the high-level forum on the Belt and
Road Initiative in Beijing from May 14-15 aims to maintain the development
momentum of the cooperation between the two countries’ Parties and States,
increase political trust and bilateral cooperation efficiency in economics,
trade and investment, and popularise Vietnam’s investment attraction policies
for Chinese businesses.
Vietnam
supports initiatives and efforts to bolster economic and regional connectivity
in the common interests of countries and the region. -VNA