At the meeting, Thang highlighted ICBC’s position as one of the world’s largest financial institutions and noted its longstanding presence in Vietnam. He acknowledged the bank’s comprehensive engagement in financial services, including participation in government-guaranteed loans and the provision of payment services for infrastructure projects financed by preferential loans from China. These contributions have supported the steady development of Vietnam–China economic ties, he said.

Outlining Vietnam’s development strategy, the minister referred to the goals set by the 14th National Congress of the Communist Party of Vietnam, which target achieving upper-middle-income status with a modern industrial base by 2030 and becoming a high-income developed country by 2045. To realise these ambitions, Vietnam aims to mobilise up to 80% of development resources from domestic and foreign enterprises as well as the public, while making effective use of fiscal policy tools to attract international financial capital.

Against this backdrop, Thang emphasised that Vietnam represents a highly attractive market for foreign investors and international banks. He encouraged ICBC to explore participation in the Vietnam International Financial Centre by sharing capital, expertise and management experience to contribute to the country's development in general and its financial market in particular.

He also underscored the Vietnamese Government’s continued prioritisation of infrastructure development, particularly connectivity projects, as an area offering significant opportunities for ICBC to engage as a financing partner.

With Vietnam–China trade relations expanding robustly, and Vietnam offering increasingly competitive investment incentives, the country is expected to attract more Chinese enterprises. This, in turn, presents further opportunities for ICBC to support Chinese businesses operating in Vietnam, especially in export credit services, he stressed.

For his part, Liu noted that ICBC currently holds total assets of approximately CNY140 trillion (US$20.3 billion), ranking among the top global banks in both scale and profitability. The bank has cooperated closely with Vietnamese and Chinese partners in successfully launching cross-border QR code retail payment services, enabling consumers in both countries to make transactions in local currencies.

Both sides exchanged views on policy orientations and the role of finance in supporting key industries, major projects and improvements in the investment climate, while underscoring the importance of international resources in achieving Vietnam’s long-term development goals.

Affirming Southeast Asia, including Vietnam, as a strategic market, Liu pledged that ICBC will continue to bring its capabilities into full play to support projects in Vietnam, thereby contributing to deepening Vietnam–China economic relations.

Vietnam-China trade turnover reaches nearly US$200 billion

VOV.VN - Two-way trade turnover between Vietnam and China during the past months of the year reached US$185.4 billion, according to the latest report released by the General Statistics Office (GSO).