18:34 (GMT +7) - Saturday 25/11/2017

Vietnam Today

Chinese President arrives in Da Nang

Released at: 17:14, 10/11/2017 APEC Viet Nam 2017

Chinese President arrives in Da Nang

President Xi Jinping arrives in Da Nang on Nov. 10 (Photo: VNA)

President Xi Jinping to attend APEC Economic Leaders' Meeting and hold State visit.

by Nguyen Quoc

Chinese President Xi Jinping arrived in Da Nang on November 10 to attend the APEC Economic Leaders’ Week and conduct a State visit.

According to the Vietnam News Agency, the November 12-13 visit is intended to carry forward active development trends in relations between the two countries.  

The visit is made at the invitation of the General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong and State President Tran Dai Quang. As the first overseas trip by the top Chinese leader following the Communist Party of China (CPC)’s 19th National Congress, the visit is significant for the relationship. 

It takes place in the context of an active bilateral relationship, as reflected in regular meetings between senior leaders from the two countries. 

Vietnamese and Chinese leaders have reached important common perceptions on enhancing the comprehensive strategic cooperative partnership between the two countries in a stable and healthy manner. 

Exchange and cooperation mechanisms between the Parties, Governments and National Assemblies as well as political-social organizations and localities have also been rolled out on a larger scale. 

Vietnam and China established diplomatic ties on January 18, 1950. China is Vietnam’s biggest trade partner and largest source of tourists, while Vietnam has become China’s leading trade and tourism partner in ASEAN. 

Two-way trade increased from $32 million in 1991 to $70.5 billion in 2016. The figure stood at $55.23 billion in the first eight months of this year, with Vietnam’s recording a trade deficit of $17.77 billion, down 5.4 per cent year-on-year. 

Vietnam welcomed 2.7 million Chinese tourists in 2016 and 2.65 million from January to August this year. 

As at August, China has invested in 1,727 projects valued at $11.93 billion in Vietnam. In the first eight months of this year it became Vietnam’s fourth-largest investor, with total registered capital of $1.6 billion. 

The two countries have also stepped up partnerships in fields such as agriculture, water resources, the environment, science and technology, transport, culture, sports, education, healthcare, and people-to-people exchanges. 

Relations between Vietnamese and Chinese localities have been enhanced, with more than 30 pairs of cities and provinces establishing friendships. 

After normalizing their relations, Vietnam and China signed an agreement on basic principles settling border and territory-related issues and another agreement on the basic principles guiding the settlement of sea-related matters in 2011, to handle the East Sea issue. 

They agreed to continue to implement the Declaration on the Conduct of Parties in the East Sea (DOC) and soon reach a Code of Conduct in the East Sea (COC), manage conflicts at sea, take no actions that complicate and expand any disputes, and maintain peace and stability in the waters. 

Vietnam consistently places importance on developing a stable and long-term relationship with China on the basis of mutual respect, mutual benefit, and equality. 

In that context, President Xi’s Vietnam visit maintains the exchange of high-level delegations, enhances cooperation between the two Parties and States, intensifies strategic exchanges, and bolsters political trust. 

It is also set to improve the efficiency of cooperation in economics, trade, and investment and consolidate high-level perceptions on managing differences and protecting peace and stability in the East Sea, for peace, stability, cooperation and development in the region and the world at large.

User comment (0)

Send comment