Chinese Premier Reaffirms Commitment to Open Market for Vietnamese Goods

Prime Minister Pham Minh Chinh engaged in talks with Chinese Premier Li Qiang in Nanning on Saturday, underscoring the importance of ongoing collaboration in trade and infrastructure. PM Chinh, attending the 20th China-ASEAN Expo (CAEXPO) and China-ASEAN Business and Investment Summit (CABIS) in Guangxi Province, highlighted the need for both countries to leverage their geographical advantages and complement each other to foster substantive cooperation in balanced and sustainable development areas.

PM Chinh proposed that China expedite the opening of its market for Vietnam’s agricultural and aquatic products, facilitate the early establishment of Vietnam’s trade promotion offices in Chengdu (Sichuan) and Haikou (Hainan), and jointly enhance customs efficiency to prevent congestion at border crossings. He also expressed Vietnam’s readiness to create favorable conditions for Chinese companies to conduct business in the country, particularly in large-scale, high-quality, and technologically advanced projects that reflect China’s level of development, thereby generating economic and social benefits.

Premier Li affirmed China’s commitment to further opening its market for Vietnamese goods, particularly high-quality agricultural and aquatic products. He emphasized the expansion of trade scale and improvement of efficiency through the upgrading of border infrastructure, policy connectivity, and the establishment of smart border crossings. Efforts will be made to promote transactions using the Chinese yuan for trade between the two nations.