The economic relationship between China and Vietnam is expected to reach new heights, driven by their complementary trade structures, Vietnam's modernisation efforts, and the growing influence of the Regional Comprehensive Economic Partnership (RCEP). Both countries are focusing on industrial upgrading and digital transformation, aiming to capitalise on opportunities in advanced manufacturing, green energy, smart logistics, e-commerce, and regional supply chain integration.
Vietnam's national strategies, including its National Green Growth Strategy and initiatives in artificial intelligence and the Fourth Industrial Revolution, have significantly increased the country's appeal as an investment destination. These efforts have attracted substantial foreign and Chinese capital in recent years, fostering deeper economic and technological collaboration.
Vietnam has become a key investment hub for China, with Chinese companies investing nearly $1.97 billion in the country between January and August 2024. Bilateral trade between China and Vietnam surged by 14.6% in 2024, reaching 1.85 trillion yuan ($254.05 billion). This trend continued into 2025, with trade increasing by 8.2% in the first two months of the year.
China exports machinery, electronic components, and industrial materials to Vietnam, while Vietnam supplies China with agricultural products, smartphones, and furniture. The strong growth in trade is further enhanced by initiatives like the Belt and Road Initiative and the China-Vietnam Railway.
Experts believe that the two countries' differing stages of development will lead to deeper industrial complementarity rather than competition, reinforcing their win-win partnership and solidifying their economic ties.
Source: www.ecns.cn