Southeast Asia Information Port (www.dnyxxg.com) - According to the Vietnamese Ministry of Industry and Trade, Minister of Industry and Trade Nguyen Hong Diem held a bilateral meeting with Chinese Minister of Commerce Wang Wentao on October 27, while accompanying Prime Minister Pham Minh Chinh at the 47th ASEAN Summit and related meetings in Kuala Lumpur, Malaysia.
The two ministers exchanged views on recent economic and trade cooperation between Vietnam and China and agreed that the two sectors need to continue to promote cooperation amidst the complex dynamics of the regional and global economies.
Hong Diem reported that Vietnam is completing domestic procedures as planned to sign the protocol to upgrade the ASEAN-China Free Trade Agreement and will continue to coordinate with ASEAN member states and China to effectively implement the ASEAN-China Free Trade Agreement and bring tangible benefits to people and businesses.
In recent years, China has been Vietnam's most important trading partner, largest export market, and a significant source of goods and production materials. In 2024, the two countries' import and export volume reached US$205.2 billion, setting a new record for bilateral trade.
According to the Commercial Office of the Vietnamese Embassy in China, Vietnam's exports to China grew by 9.2% in the first eight months of 2025, a 2.1 percentage point increase from the 7.1% growth in the first seven months. In August, exports achieved double-digit growth, increasing by approximately 22% compared to August 2024.
Vietnam exports a variety of key commodities to China, including agricultural products, aquatic products, electronic components, textiles, rubber, and crude oil. Vietnamese agricultural products, in particular, enjoy a significant advantage in the Chinese market due to geographical proximity and strong consumer demand. Durian, dragon fruit, mango, and passion fruit have established a strong foothold in the Chinese market and continued to experience strong growth in the final months of 2025.
At the same time, Vietnam imports from China a variety of goods, including machinery, industrial equipment, raw materials for production services, consumer goods, and electronic components. The diverse product mix between the two countries helps leverage each other's comparative advantages and contribute to shared economic development. (End)
