China will build on trade agreements and industrial parks to enhance economic and trade cooperation with Vietnam, a spokesperson for China's Ministry of Commerce said on Thursday.
Spokesman He Yadong emphasized at a press conference that China is Vietnam's largest trade partner, while Vietnam is China's largest trade partner among the ASEAN nations. The annual trade volume between the two sides has exceeded 200 billion U.S. dollars for three consecutive years.
From January to September 2024, trade volume between the two countries reached 190.38 billion U.S. dollars, up 17.6 percent year on year.
Vietnam is an important overseas investment destination for China. In the first eight months, direct investment by Chinese enterprises in Vietnam totaled 1.97 billion U.S. dollars, maintaining rapid growth.
Efforts will be made to both explore and pilot the establishment of cross-border economic cooperation zones, expanding cooperation in emerging fields such as information technology, new energy and digital economy, the spokesperson said.
Enterprises from the two countries will be supported to make full use of platforms like the China International Import Expo, the China Import and Export Fair and the China-ASEAN Expo to expand trade of agricultural and aquatic products as well as manufactured industrial products, He said.
Measures will also be taken to deepen cooperation related to supply chains and regional economic integration, He added.
"[We] support both sides in enhancing cooperation in industrial parks and between regions, promoting the integrated development of industries, deepening mutual integration of supply and demand, and building stable and smooth cross-border industrial and supply chains. We also support the entrepreneurs of the two countries in making full use of multilateral and bilateral economic and trade cooperation agreements and policy dividends such as the Regional Comprehensive Economic Partnership and the China-ASEAN Free Trade Area 3.0, in order to make a greater contribution to regional development and prosperity," he said.
China to improve economic, trade cooperation with Vietnam: commerce ministry
People in Dongshan County of east China's Fujian Province are inspired by President Xi Jinping's visit, saying that they will leverage local advantages to further develop tourism industry.
On Tuesday afternoon, Xi inspected Aojiao Village of Dongshan County in the city of Zhangzhou, and learned about the sale of dried seafood and the fishing harvest.
Xi, who visited the village 23 years ago, said he was delighted to see that the village has undergone tremendous changes, adding that China's countryside will surely have a brighter prospect on the new journey in the new era.
Covering an area of 6.83 square kilometers and with the sea on three sides, the village has leveraged its prominent coastal environment advantages to coordinate development of five leading industries - marine fishing, aquaculture, seafood processing, e-commerce and rural tourism.
In 2023, the collective income of the village reached 1.73 million yuan (about 243,000 U.S. dollars), with an average per capita disposable income of 58,000 yuan (about 8,150 U.S. dollars). It has been honored as a national-level Advanced Village and one of the most beautiful fishing villages in China.
The village currently has 88 large power steel fishing vessels, 38 seafood processing enterprises, 117 seafood e-commerce companies and 41 homestays.
Lin Hubin is the owner of one of the homestays in the village. He said the island scenery and abundant fishery resources have created many businesses for people in Aojiao Village.
"An increasing number of individuals, including college graduates, are returning to Dongshan County to thrive in the e-commerce sector by selling seafood. Additionally, many are successfully launching homestays, enhancing the local tourism industry," he said.
Xi also paid a visit to the Gu Wenchang Memorial Hall, where he learned about the inspiring deeds of Gu, a former Party chief of Dongshan.
The Gu Wenchang Memorial Hall was opened in 2004. The exhibition features many historical photos and objects used by Gu during his lifetime, vividly reproducing the moving scenes of him leading the Dongshan people to fundamentally improve the ecological environment.
"President Xi expressed a strong interest in the exhibition's afforestation section, which highlighted the impressive achievements of Dongshan County. We are actively transforming Dongshan Island into a premier eco-tourism destination, and we are making significant strides toward realizing this vision," said Zhang Dongling, the curator of the memorial hall.
Beginning in the 1950s, Gu Wenchang led the people of Dongshan in a more-than-a-decade-long effort to plant trees, ultimately converting the once wind-and-sand-ravaged island into a green paradise.
During the inspection, Xi urged officials to emulate the example of Gu in both personal conduct and governance, and work towards promoting local development during their time in office.
Locals in Dongshan County vows to further develop tourism industry following Xi's visit
