Bright prospect for Vietnam, China to further elevate relations

Reporter: The Vietnam-China ties have gone through a 74-year development journey since the two countries officially established diplomatic relations. What are the highlights in the relations between the two countries? How do you evaluate the prospect of bilateral relations, especially after the state visit to Vietnam by Chinese General Secretary and President Xi Jinping?

Ambassador Xiong Bo: The most notable highlight in the China-Vietnam relationship in recent times was the state visit to Vietnam by Chinese Party General Secretary and President Xi Jinping at the invitation of General Secretary Nguyen Phu Trong. This marks the most significant event in the relations between the two Parties and countries. With mutual efforts from the two sides, the visit was a success. The most crucial political outcome was the joint declaration by the top leaders of both Parties on building a Vietnam-China community with a shared future that carries strategic significance, helping determine a new position in China-Vietnam relations and opening up a new chapter in the China - Vietnam comprehensive strategic cooperative partnership. It can be said that this event is a historical turning point in the relationship between the two Parties and two countries, undoubtedly having a deep impact on the development of the China-Vietnam relationship from now on.

Regarding the building of a Vietnam-China community with a shared future that carries strategic significance, the two sides concurred that its core significance lies in their joint commitment to bringing happiness to the two peoples, and development for both countries and progress for the whole mankind. The community reflects not only the elevation of the bilateral relations but also the noble international spirit of both Parties. China and Vietnam should intensify cooperation and contribute their efforts to addressing common challenges facing the international community.

For the development of bilateral relations, the visit set the development goal with the six targets of stronger political trust, more substantial defence-security cooperation, deeper tangible collaboration, firmer social foundation, closer multilateral coordination, and better management and settlement of differences.

The targets have comprehensive connotations, clearly defining the development direction for the China-Vietnam relations in all aspects. I believe that after this visit, the China-Vietnam relations will undoubtedly enter a new development phase, with substantive cooperation between the two countries in various fields being improved, upgraded, and further strengthened.

Reporter: Over the past few months, trade activities between Vietnam and China have been vibrant and favourable with the reopening and upgrade of several border gates. What should both countries do in the coming time to make the development of the Vietnam – China economic, trade, and investment relations to continue developing robustly and sustainably?

Ambassador Xiong Bo: We are delighted to see that, after the pandemic prevention efforts entered a new phase, China and Vietnam have fully resumed their regular economic and trade cooperation. Many border gates between the two countries have been resumed operation and upgraded. Some border gates were upgraded into international ones, facilitating the travel between the nations. The economic, trade, and investment cooperation between China and Vietnam has entered a new stage with a more vibrant development trend.

According to China’s latest statistics, the China-Vietnam trade turnover in 2023 reached nearly US$230 billion. Vietnam's exports to China amounted to US$92.18 billion, marking a 4.8% increase. China is one of the few export markets of Vietnam that maintains positive growth, proving the importance of the Chinese market as well as that of the China-Vietnam cooperative relations.

China is a market with immense potential. Vietnam's agricultural exports to China maintain considerable growth, especially fruits and vegetables. The export revenue of Vietnamese fruits and vegetables to China has seen rapid growth, notably in the export of durians. Vietnam earned over US$2 billion from exporting durians to China in 2023, surpassing the set target of US$1 billion. China’s investment into Vietnam in the year surged by 77.6% to US$4.47 billion. This indicates a significant interest from Chinese companies in the Vietnamese market and its development potential.

I believe that this trend will continue in the coming time. For instance, recently, I noticed several Chinese companies operating in the solar energy industry have plans to increase their investments in Vietnam. Some businesses have entered the second phase and are planning to build the third. All these indicate promising prospects for economic, trade, and investment cooperation between China and Vietnam. I am confident that substantial collaboration between the two countries will further develop.

In the time to come, we need to sustain this momentum. Firstly, it is necessary to continue and intensify the policy exchanges, with the high-level strategic exchange between leaders of the two countries being the most important. In 2024, the two nations will continue high-level visits in both the channel of the China – Vietnam Steering Committee for Bilateral Cooperation and within the “Belt and Road Initiative” and the “Two corridors, One belt” framework.

The two sides have signed a connectivity plan, and will push for its implementation this year.

The two countries are focusing on promoting the comprehensive connection of road, sea, and air networks, and internet connection. In particular, the two sides attach great importance to the acceleration of the railway infrastructure connection and bring into full play the geographical advantages of land and sea contiguity of China and Vietnam.

China will actively support Vietnam in speeding up the construction of the Lao Cai – Hanoi – Hai Phong standard-gauge railway and conducting feasibility studies, and assist Vietnam in planning the Dong Dang - Hanoi and Mong Cai - Ha Long - Hai Phong railway lines. For the construction of other railway lines in Vietnam, China is also willing to actively cooperate and provide support in line with Vietnam's demands.

China actively supports Vietnam in accelerating its industrialisation and modernisation, and in realising development goals set by the 13th National Congress of the Communist Party of Vietnam (CPV); encourages Chinese enterprises with strength, expertise, and capability which are interested in investing into Vietnam, especially in digital economy, green development, energy transition, information and communication, agricultural development, and mineral exploitation cooperation.

Furthermore, we are ready to strengthen cooperation with Vietnam in the field of new energy vehicle (NEV), and assist Vietnam in releasing its net-zero emissions goal by 2050.

Reporter: Recently, a young artist from Vietnam participated in a television game show in China, garnering positive attention, and a well-known Vietnamese coffee brand has also increased its presence in China. These activities, to some extent, have help contribute to promoting people-to-people exchanges between the two countries. Could you please say more about specific measures to increase people-to-people exchange activities and youth exchanges between the two nations?

Ambassador Xiong Bo: Mutual understanding and cultural exchanges between the two peoples form an indispensable foundation for the development of China-Vietnam relations.

To realise this objective, first of all we need to further strengthen objective and genuine mutual understanding. To do so, we need to enhance direct people-to-people exchanges and encourage more Chinese tourists to visit Vietnam and vice versa, and increase the number of Vietnamese young people studying and living in China.

In the past, the two Parties and peoples stood side by side, supporting each other throughout the years of war, as well as in the struggles for national independence and liberation. This “both comrades and brothers” friendship tradition needs to be carried forward by the younger generations of both nations.

Under the leadership of the two Parties, Vietnam and China are building socialism suitable to each country's conditions, advancing the building of a distinctive path to modernisation of each country. China has achieved remarkable successes, capturing global attention and becoming the world's second-largest economy. Vietnam has also attained significant accomplishments too, maintaining stable and rapid economic development. It is crucial for the people of both countries to understand this, and this is also part of the mutual understanding.

Thirdly, to strengthen people-to-people connectivity. Culture, art, cinematographic products, music, and tourism, etc., also serve as effective channels to further intensify mutual understanding.

Reporter: With the joint efforts of 12 countries, including Vietnam and China, the 78th session of the United Nations General Assembly for the first time passed a resolution officially designating the Lunar New Year as an annual UN holiday. How do you evaluate the event?

Ambassador Xiong Bo: The Lunar New Year is a common traditional festival for the people of China and Vietnam. Besides China and Vietnam, the festival is also a significant occasion for many countries around the world, representing an important factor of the oriental culture. The United Nations General Assembly’s recognition is a matter of course, and I am pleased about it.

On this occasion, through the Vietnam News Agency, I would like to extend my best New Year greetings to the Vietnamese people. I wish that Vietnam, under the resolute leadership of the CPV Central Committee led by General Secretary Nguyen Phu Trong, will gain new achievements in realising the goals set forth by the 13th National Congress of the CPV, and in continuing to push up the socio-economic development across every sector. I wish Vietnam peace, prosperity, well-being and happiness.

Reporter: Thank you for your conversation!.