Trade between Vietnam and China is posed to set a record height this year with strong momentum from deepened cooperation through large trade promotion events and the upgrade of the ASEAN-China Free Trade Area (ACFTA) 3.0 Protocol.

Minister of Industry and Trade Nguyen Hong Dien met with Chinese Minister of Commerce Wang Wentao in Kuala Lumpur on October 27, on the sidelines of the 47th ASEAN Summit and related meetings, to discuss measures for further boosting bilateral economic and trade relations.

Vietnam is ready to deepen economic cooperation with the Association of Southeast Asian Nations (ASEAN), China and other partners, embracing a strategy of “harmonised interests and shared risks” as it leverages its fast-growing economy and market of over 100 million people, said Deputy Prime Minister Mai Van Chinh.

Vietnam supports ASEAN's stance on developing comprehensive, flexible, and practical strategic approach to strengthen intra-bloc economic autonomy while enhancing economic connectivity with key partner countries to effectively address current global challenges, Deputy Minister of Industry and Trade Nguyen Hoang Long has said.

Vietnam’s tra fish exports are expected to sustain strong momentum into 2025, with projected revenues reaching approximately US$2 billion, on par with 2024 figures, the Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast.

Vietnam-China trade reached US$19.66 billion in December 2024, according to the General Department of Customs.

VOV.VN - The total trade value between Vietnam and China over the past 10 months reached US$168.5 billion, and the figure is expected to rise to US$200 billion by the end of the year, reported by the General Statistics Office (GSO).

VOV.VN - Two-way trade turnover between Vietnam and China fetched US$112.2 billion in the past seven months, up 25% year on year, and if the steady growth is maintained in the coming months, the total trade value is likely to hit US$200 billion by the end of the year, say industry insiders.

The import - export turnover between Vietnam and China is predicted to approximate and even exceed US$200 billion in 2024, driven by strong trade improvement in the first half of the year.

There remains ample room for Vietnam's exports to China and the growth will be directly proportional to the quality improvement of products by domestic enterprises, according to Dau tu (Investment) Newspaper.