Facilitating Vietnam – China trade relations

Recently, in order to implement the results of phone calls between the Minister of Industry and Trade Nguyen Hong Dien and the Minister of Commerce of China Vuong Van Dao, the two ministries agreed to establish a “Trade facilitation working group”. Vietnam – China” and a memorandum of understanding “Cooperation plan for the period 2021-2025”.
Over the past years, the Ministry of Industry and Trade has built a deep and close relationship with the Ministry of Commerce of China through bilateral and multilateral cooperation mechanisms, making a significant contribution to the development of trade scale. commercial.

In the period 2010 – 2019, bilateral trade turnover always maintained an average growth rate of 17.6%/year, higher than the average growth rate of Vietnam’s trade with the world in the same period. tariff barriers (within the framework of ACFTA), removing obstacles in economic and trade cooperation (within the framework of ASEAN-China dialogue)…

Since the outbreak of the Covid-19 pandemic in early 2020, the Ministry of Industry and Trade has continued to strengthen close cooperation with the Ministry of Commerce of China and related agencies to quickly grasp the situation, remove difficulties and solve problems. exchange measures to maintain trade growth and facilitate customs clearance of goods between the two sides. The Ministry of Industry and Trade held early phone talks with the Chinese Minister of Commerce (April 2020 and June 2021) and regularly exchanged letters and notes when problems in bilateral trade arise. maintaining the dialogue channel of the Economic and Trade Cooperation Working Group through the organization of the 9th meeting in the online form.
That contributes to maintaining trade exchanges, ensuring the supply chain for production and export, many agricultural fruit products (especially lychee) are still exported stably at the peak of harvest and peak season. outbreak in Vietnam…. As a result, in the gloomy context of the world economy due to the negative impact of the pandemic, Vietnam-China trade still grew by double digits and became a bright spot in each country’s foreign trade.

Implementing the results of phone conversations between the ministers of the two ministries over the past time and on the occasion of the 13th meeting of the Steering Committee for Bilateral Cooperation between Vietnam and China, the Ministry of Industry and Trade and the Ministry of Commerce of China signed a Memorandum of Understanding. Remembering the “Cooperation plan for the period 2021-2025” and the Memorandum of Understanding on “establishing the Vietnam-China Trade Facilitation Working Group”.

In the Memorandum of Understanding, the two sides reached consensus on: Promote bilateral trade to develop in a stable, balanced and sustainable manner and establish a Trade Facilitation Working Group to promptly deal with the situation. handle arising issues and remove difficulties and barriers to bilateral trade, including facilitating goods clearance through Vietnam – China border gates; Support enterprises of the two countries to strengthen resilience and restore production and business activities during and after the Covid-19 pandemic; Strengthening the exploitation and utilization of the Vietnam – China rail container transport route in bilateral trade, especially the transport of agricultural products through Vietnam – China railway border gates in order to reduce the pressure on traffic. Customs at land and sea border gates…

The MoUs are an important basis for the two sides to implement effective cooperation programs and contents, contributing to solving problems and difficulties in bilateral trade relations with the aim of improving the quality of bilateral trade relations. volume of trade between the two countries as the common perception of the two countries’ senior leaders.

Thu Thuy