Infographic | Vietnam Trade

Vietnam and China are two neighboring countries with a long-standing traditional friendship. The Party, State, and people of Vietnam value and consider the development of friendly neighborly relations and a comprehensive strategic cooperative partnership with the Party, State, and people of China as a consistent and long-term policy, a strategic choice, and a top priority in Vietnam's foreign policy.

In recent years, the comprehensive strategic partnership between Vietnam and China has been continuously strengthened and enhanced. High-level and other exchanges and contacts have taken place frequently and in flexible forms, and economic , trade, and investment cooperation has grown positively and continuously reached new records. Therefore, the official visit of Chinese Premier Li Qiang to Vietnam will create many more opportunities to further expand economic, trade, and investment cooperation between the two countries.

China has consistently been Vietnam's largest trading partner, with bilateral trade growth reaching double digits over the past decade. Leveraging numerous advantages in economic and trade cooperation, trade between Vietnam and China has maintained stable and sustainable growth over the years.

According to statistics from the General Department of Customs, in the first nine months of this year, the total import and export turnover between Vietnam and China reached US$149.2 billion. Of this, Vietnam spent US$104.8 billion importing goods from China, an increase of 32.2% compared to the same period last year. Conversely, Vietnam's exports to China in the past nine months reached US$44.4 billion, a slight increase of 2.94% compared to the same period last year. Vietnam had a trade deficit with China of US$60.4 billion.

Source: https://congthuong.vn/infographic-thuong-mai-viet-nam-trung-quoc-9-thang-dat-1492-ty-usd-351999.html