PM Pham Minh Chinh arrives in China for regional summits

During his stay from November 5 – 8, he will also attend the 10th Ayeyawady – Chao Phraya – Mekong Economic Cooperation Strategy (ACMECS) Summit, and the 11th Cambodia – Laos – Myanmar – Vietnam (CLMV) Cooperation Summit.

He will deliver speeches at the closed session and the plenary session of the 8th GMS Summit; the 10th ACMECS Summit; and the 11th CLMV Summit. He will hold bilateral meetings with leaders of other countries within the framework of these conferences.

Chinh’s trip to China is expected to convey many meaningful messages to the subregion, the region, and the international community. In the context of an unprecedentedly comprehensive and profound global economic transformation, with green and digital transitions and sustainable, inclusive development becoming ever more urgent, the Mekong Subregion needs to make breakthrough steps to meet new development demands.

This is an important occasion for Vietnam to express its willingness to strengthen mutual understanding, and deepen the friendly neighbourly relations with other member countries, as well as to promote increasingly comprehensive economic, trade, and investment cooperation.

Besides attending and delivering important speeches at the three multilateral summits, Chinh will engage in bilateral activities with China in Yunnan Province and Chongqing City, which include meeting with Chinese leaders and officials from various provinces and cities, visiting economic facilities in China, and connecting with the Vietnamese community and expatriates in China.

China has consistently been Vietnam’s largest trading partner and its second-largest export market. In turn, Vietnam is China’s largest trading partner within ASEAN and its fifth largest trading partner globally.

In 2023, the total trade turnover between the two countries reached US$171.9 billion. Trade volume in the first eight months of 2024 amounted to US$130.78 billion, marking a 25% increase year on year.