Chinese President Xi Jinping visited Hanoi on Monday to strengthen economic ties with Vietnam, as both nations signed numerous cooperation agreements amid rising tensions with the United States over tariffs.
The agreements, including deals on enhancing supply chains and rail infrastructure, come as both China and Vietnam face increasing U.S. duties, which have disrupted global trade flows.
Xi, who is on a broader Southeast Asian tour, emphasized the importance of boosting trade, production, and supply chain cooperation between the two Communist-run nations. He also called for deeper collaboration in sectors like artificial intelligence and the green economy, stating that “there are no winners in trade wars and tariff wars,” without directly referencing the U.S.
During the visit, Vietnam’s top leader, To Lam, and Xi oversaw the signing of dozens of agreements. However, the specifics of the deals, including whether they involve financial or binding commitments, remain undisclosed. One of the key agreements is aimed at bolstering cooperation between the China Council for the Promotion of International Trade and the Vietnam Chamber of Commerce and Industry, particularly regarding certification of goods' origins.
The growing trade relationship between China and Vietnam is significant, with Vietnam serving as a crucial hub for electronics, apparel, and other goods exported to the U.S. Despite tighter controls from Washington on trade with China, Vietnam continues to play a pivotal role in this trade dynamic. In the first quarter of 2025, Vietnam imported $30 billion worth of goods from China while its exports to the U.S. totaled $31.4 billion.
Vietnam is also moving forward with several major infrastructure projects with China, including new railways and the use of Chinese-made COMAC passenger jets in the country. This development marks a further deepening of ties between the two countries, although no formal loan agreements for the railway projects have been finalized yet.
Despite strong economic collaboration, tensions persist between China and Vietnam over territorial disputes in the South China Sea. Vietnam's recent concessions to the U.S., including allowing Elon Musk's Starlink satellite service and implementing anti-dumping duties on Chinese steel, have raised concerns in Beijing.
Xi’s visit is part of a broader Southeast Asian tour, which will also take him to Malaysia and Cambodia, two countries grappling with their own U.S. tariff challenges. Both are seeking relief from high duties that could hurt their economies, further highlighting the ongoing global ramifications of U.S. tariff policies.
Thousands of revellers packed Berga's main square as fire-devil performers showered the crowd with sparks during Catalonia's UNESCO-listed La Patum fe...
Iran and Israel said on Monday (8 June) they had halted attacks on each other following an appeal from U.S. President Donald Trump, as Axios reported...
At least 37 people have died after a powerful earthquake struck the southern Philippines, as rescuers continued searching a collapsed commercial build...
The Football Federation Islamic Republic of Iran (FFIRI) has accused the U.S. of preventing Iranian supporters from attending the country's World Cup ...
Iran and Israel have halted strikes on each other, but Tehran has warned it will recommence attacks if Israel continues military action in Lebanon. U...
The United States has added some of China's biggest technology and automotive companies, including Alibaba, Baidu, BYD and Nio, to a Pentagon list of firms it believes are linked to Beijing's military.
Chinese President Xi Jinping arrived in Pyongyang on Monday (8 June) for a rare summit with North Korean leader Kim Jong Un, receiving a grand welcome as he described relations between the two countries as being at a "new historical starting point".
Chinese carmakers are rapidly reshaping the global automotive market, with record exports, soaring electric vehicle sales and growing investments overseas putting pressure on established European, Japanese and U.S. rivals.
Chinese President Xi Jinping will visit North Korea on 8-9 June, marking his first trip to the country in nearly seven years as Beijing seeks to strengthen relations with its long-time ally.
Armenian Prime Minister Nikol Pashinyan's Civil Contract party has won the Armenian elections, picking up nearly half the vote. With a majority in parliament, Pashinyan is set for a third term as Prime Minister. But an opposition politican has said he will challenge the election results.
The results of Armenia’s parliamentary elections will determine the makeup of the National Assembly and shape the country's political direction for the foreseeable future. But in Armenia, the final result is not decided by vote percentages alone. Here's how it works.
Barcelona is preparing to mark a historic milestone in the legacy of architect Antoni Gaudí as Pope Leo XIV visits the city this week to inaugurate the Tower of Jesus Christ at the Sagrada Família basilica, almost exactly 100 years after the visionary architect’s death.
Iran and Israel have halted strikes on each other, but Tehran has warned it will recommence attacks if Israel continues military action in Lebanon. U.S. President Donald Trump and Lebanese President Joseph Aoun have meanwhile made pleas for peace.
A powerful earthquake struck off the southern Philippine island of Mindanao on Monday (8 June), killing at least 32 people and triggering tsunami warnings across the region.
At least 37 people have died after a powerful earthquake struck the southern Philippines, as rescuers continued searching a collapsed commercial building for survivors in General Santos on Tuesday.
The Football Federation Islamic Republic of Iran (FFIRI) has accused the U.S. of preventing Iranian supporters from attending the country's World Cup matches after its allocation of tickets was withdrawn just days before the tournament begins.
The United States has added some of China's biggest technology and automotive companies, including Alibaba, Baidu, BYD and Nio, to a Pentagon list of firms it believes are linked to Beijing's military.
The Democratic Republic of Congo's latest Ebola outbreak has claimed more than 100 lives, with health authorities warning that armed conflict and attacks on aid workers are hindering efforts to contain the disease.
Somali referee Omar Abdulkadir Artan has been denied entry to the United States, preventing him from taking part in the FIFA World Cup 2026 and ending what would have been a historic moment for Somali football.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment