Viet Nam and China promote economic and trade cooperation

Speaking at the opening ceremony, Deputy Minister Tan affirmed that Viet Nam consistently places great importance on trade, industrial, and investment cooperation with China.

Against the backdrop of continuing volatility in the global economy, the fair serves as an important forum for business communities from various countries to strengthen connectivity, share information, seek out partners, and jointly respond effectively to shared challenges.

Also at the fair, the Ministry of Industry and Trade delegation visited the Viet Nam pavilion, commending enterprises for their active efforts in promoting products, connecting with partners, and expanding access to the market in Southwest China.

As part of WCIFIT, the Viet Nam–China (Chongqing) Investment and Trade Cooperation Conference was also held, drawing around 200 delegates representing government agencies, trade promotion organisations, industry associations, and business communities from both countries.

Addressing the conference, Deputy Minister Tan stressed that Viet Nam–China economic, trade, and investment cooperation is entering a golden era marked by significant achievements.

According to the Deputy Minister, Chongqing plays a particularly important role in bilateral economic cooperation, owing to its status as an industrial and logistics centre and a strategic hub connecting Southwest China.

In recent years, cooperation between Viet Nam and Chongqing has expanded steadily across sectors including trade, logistics, manufacturing, supporting industries, e-commerce, and supply chain connectivity.

In 2025, two-way trade between Viet Nam and Chongqing reached approximately 6.2 billion USD, up 11% from 2024.

Speaking at the conference, Xu Jian, Vice Mayor of Chongqing, said that economic and trade cooperation between China and Viet Nam is entering a new phase of development, with trade volumes consistently reaching record highs, investment flows rising sharply, and supply chains becoming increasingly integrated.

He emphasised that Chongqing is an important gateway to China’s inland regions, with strengths in market scale, industrial capacity, logistics infrastructure, and its strategic position as a connectivity hub in Southwest China.

Xu Jian also noted that Chongqing enterprises have invested nearly 300 million USD in Viet Nam across 98 projects.

Looking ahead, Chongqing will continue to strengthen coordination with Vietnamese agencies and localities to promote policy dialogue, expand trade and investment promotion activities, and develop new areas of cooperation on the basis of mutual benefit and common development.

At the conference, the Vietnamese Ministry of Industry and Trade and the Chongqing municipal government signed a three-year action plan to implement a memorandum of understanding (MOU) on strengthening economic and trade cooperation.

At the same time, a number of MOUs on cooperation between enterprises, industrial parks, and investment promotion organisations from both countries were also signed, covering industrial investment, logistics, infrastructure development, and the expansion of bilateral trade.