Vietnam, China exchange MoUs during top Vietnamese leader’s visit
VOV.VN - A ceremony to exchange memoranda of understanding (MoUs) on cooperation between Vietnamese and Chinese enterprises was held on April 14 at the Vietnamese Embassy in Beijing, as part of the state visit to China by Party General Secretary and President To Lam and his spouse.
The event, jointly organised by the Ministry of Finance and the Vietnamese Embassy in China, is an important step in boosting bilateral economic cooperation and further deepening the Vietnam-China Comprehensive Strategic Cooperative Partnership.
In the presence of senior leaders of the Party, Government and relevant ministries and agencies, business representatives of the two countries exchanged 10 MoUs covering areas including railway and urban railway development in Vietnam; international railway transport and logistics investment linked to international rail networks; tourism exchange between Vietnam and China; expansion of goods distribution networks in Hong Kong (China), Singapore and India; cooperation in design and interior finishing using advanced technologies; aviation maintenance capacity and cooperation in aircraft seat production and trading; strategic cooperation in developing super reed crops on less productive land in Vietnam; digital transformation in corporate governance; development of the digital transformation market and IT system solutions; and a letter of intent on financial arrangements for aircraft leasing from the Commercial Aircraft Corporation of China (COMAC).
In recent years, cooperation in economics, trade, investment and tourism between the two nations has grown steadily and is a bright spot in bilateral ties.
In trade, China was Vietnam’s largest trading partner in 2025, while Vietnam was China’s fourth-largest trading partner, with bilateral turnover reaching US$256.4 billion, up 24.8%. In the first two months of this year, the positive trend continued, with turnover standing at US$42.9 billion, up 36.9% year-on-year.
In investment, China was Vietnam’s second-largest investor in 2025, with total registered capital of US$5.96 billion, up 20.4%, leading in the number of new projects. Over the past two months, investment remained high at US$807.5 million.
In tourism, China was Vietnam’s largest source market in 2025 with 5.28 million arrivals, up 41%, while more than 920,000 Chinese visitors were recorded in the reviewed period.
Vietnam-China cooperation mechanism boosts market access for Vietnamese firms
VOV.VN - The “7+8” cooperation mechanism in the Red River basin is opening up new avenues for Vietnamese enterprises to penetrate the Chinese market.
