In the first quarter of 2025, bilateral trade between Vietnam and China reached 51.2 billion USD, up 17.5% year-on-year, with expectations for continued growth throughout the year.
Since 2004, China has been Vietnam’s largest trading partner, while since 2016, Vietnam has emerged as China’s largest trading partner within the Association of Southeast Asian Nations (ASEAN).
Viet Nam pocketed over US$10 billion from seafood exports in 2024, sustaining its position as the world's third largest seafood exporter after China and Norway.
Prime Minister Pham Minh Chinh suggested Chinese big corporations to participate in major transportation infrastructure projects in Viet Nam while hosting a reception for a delegation of Chinese construction companies in Ha Noi on Monday.
Vietnam spent 10.48 billion USD to import nearly 15 million tonnes of steel in the first 10 months of this year, an additional concern of the domestic industry which is struggling to compete with the flood of cheap steel.
Prime Minister Pham Minh Chinh has requested the Ministry of Transport to commence the construction of the Lao Cai - Ha Noi - Hai Phong railway linking with China's Yunnan province.
Viet Nam and China agreed to priority cooperation in digital economy and green development as these two fronts are the common trends and driving force for development in the future.
The import - export turnover between Vietnam and China is predicted to approximate and even exceed 200 billion USD in 2024, driven by strong trade improvement in the first half of the year.
Viet Nam surpassed Chile to become the second largest fruit and veggie exporter to China in 2023, according to the Chinese General Administration of Customs.