Party General Secretary Nguyen Phu Trong and his spouse on Tuesday hosted an official welcome ceremony for Party General Secretary and President of China Xi Jinping and his spouse in Ha Noi.
The visit is made at the invitation of Party General Secretary Nguyen Phu Trong and his spouse, and President Vo Van Thuong and his spouse, according to the Communist Party of Viet Nam (CPV) Central Committee's Commission for External Relations - Photo: VNAThe top Chinese leader’s two-day State visit to Viet Nam is an event of great importance, affirming the two countries’ desire and determination to continuously promote their comprehensive strategic cooperative partnership, making the relationship more intensive and effective - Photo: VNAChinese Party General Secretary and President Xi Jinping and his spouse are greeted with a 21-gun salute at an official welcome ceremonyViet Nam and China established diplomatic relations on January 18, 1950. Over the past 73 years, the relationship has developed steadily with friendship and cooperation as the mainstreamIn 2008, the two sides established the Viet Nam-China Comprehensive Strategic Cooperative Partnership, the highest cooperation framework in Viet Nam’s relations with countries around the world. China is also the first country to build this cooperation framework with Viet Nam - Photo: VNA
Over the past years, trade cooperation has been a bright spot in the relationship. China has remains Viet Nam's biggest trade partner, and Viet Nam is China's largest trade partner in ASEAN.
The two-way trade stood at US$133.09 billion in 2020 and rose to US$165.9 billion in 2021, US$175 billion in 2022, and US$105.46 billion in the first eight months of this year.
Regarding investment, as of the end of August 2023, China's total registered FDI in Viet Nam was US$25.8 billion with 3,949 valid projects.
Viet Nam and China have signed many bilateral cooperation deals, along with multilateral agreements such as the ASEAN-China Free Trade Agreement (ACFTA) and the Regional Comprehensive Economic Partnership Agreement (RCEP).
After the welcome ceremony, the two leaders hold talks to determine the development direction of the bilateral relations in the new situation.
