Chinese Premier Li Qiang welcomes Vietnamese Prime Minister Pham Minh Chinh in Beijing on June 26, 2023. (Photo: VOV)

Prime Minister Pham Minh Chinh’s visit is taking place amid the rapid, fruitful development of the comprehensive strategic cooperative partnership and a growing political trust, and economic and trade cooperation between the two countries.

Vietnam has controlled the COVID-19 pandemic. Its socio-economy is rebounding strongly with significant achievements in multiple fields. Vietnam’s macro economy is stable, inflation controlled, growth promoted, and major economic balances ensured.

Vietnam has been a reliable partner and a responsible member of the international community in various multilateral cooperation mechanisms.

Leaders of the Governments of Vietnam and China hold talks in Beijing on June 26, 2023. (Photo: VOV)

Common perception between Vietnam and China concretized

During Prime Minister Chinh’s visit to China, the two sides will discuss ways to concretize the perception that their leaders shared late last year in order to boost bilateral cooperation in all areas, particularly in economy, trade and investment.

Dong Yu, Executive Vice President of the China Development and Planning Research Institute of Tsinghua University, said that Vietnam attaches great importance to the development of a green economy, and a digital economy while China has also accelerated the neutralization of carbon in recent years.

"This shows that the two countries have a great potential for further cooperation. In particular, Vietnam is strongly developing e-commerce, in which while China has a solid foundation. Vietnam is a country with a population of 100 million people. Many Chinese companies are looking for opportunities in the Vietnamese market. The two countries will find more opportunities through increased economic and trade cooperation," said Dong.

During the visit, the leaders of the two countries will discuss ways to better manage differences, maintain a peaceful, stable environment at sea, and strengthen coordination and mutual support at multilateral forums to deepen bilateral ties for peace, stability, and development in the region and the world.

Prime Minister Pham Minh Chinh will attend the 14^th annual meeting of the New Champions of the World Economic Forum co-organized by the WEF and the Chinese government. Prime Minister Chinh will share Vietnam’s vision at the plenary session, attend some other discussions, and co-chair the Vietnam-WEF National Strategy Dialogue together with WEF leaders, attend the Vietnam-China Business Forum, and meet leaders of other countries and economic groups.

Vietnamese Ambassador to China Pham Sao Mai said that Vietnam and the world’s leading countries, organizations and corporations will propose solutions at global, regional, national and corporate levels, emphasize the role of the private sector and public-private cooperation, and promote new growth drivers such as green development, digital transformation, and innovation.

"Asia, especially China, India and ASEAN, including Vietnam, have in recent years opened up, maintained stable growth, and become a driving force for the economic recovery and development in the region and the world, and at the same time played the central role in global trade, investment, and supply chains," said Ambassador Mai.

At the meetings, Vietnam will introduce its goals, viewpoints, and development orientations, review new global economic trends, and discuss mindsets for global development and governance amid drastic changes in the global economy.

Vietnam hopes to raise its voice on global issues and enhance cooperation with the WEF in a practical, effective manner. Attending the meeting will create an opportunity for Vietnam to strengthen cooperation with regional and global economic groups, especially Chinese enterprises and attract external resources to aid the realization of Vietnam’s socio-economic development goals and growth model shift.