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.
U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step toward resolving a trade war disrupting the global economy.
China has voiced concern over escalating tensions between India and Pakistan following a reported military operation by India, calling for restraint and a commitment to regional peace.
Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland, the administration announced Tuesday.
Global debt rose by around $7.5 trillion in the first three months of the year to hit a record high of over $324 trillion, data from a banking trade group showed on Tuesday.
Nearly 100 young and middle-aged military officers from over 40 African countries including Egypt, Mozambique, Tanzania and Kenya have started a 10-day visit to China at the invitation of the Chinese Ministry of National Defence.
Armenian Prime Minister Nikol Pashinyan said Armenia’s territorial integrity cannot be separated from that of its neighbours, responding to accusations over the 2020 war made by former presidents Kocharyan and Sargsyan.
Pakistan has reportedly downed an Indian Rafale fighter jet, along with other Indian military aircraft, using Chinese-made PL-15 missiles. The incident occurred amid rising tensions between the two nations, marking a notable development in the ongoing conflict.
Azerbaijan and Vietnam formalized a strategic partnership as President Ilham Aliyev and Communist Party leader To Lam signed key agreements in Baku.
Azerbaijani Foreign Minister Jeyhun Bayramov held talks with Iraqi President Abdul Latif Rashid during his official visit to Baghdad, focusing on expanding bilateral cooperation across various sectors.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
ChatGPT has rapidly emerged as one of the most influential artificial intelligence tools, transforming how we interact with technology through natural language.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
New Tesla registrations in Denmark collapsed 67 % in April to 180 vehicles, industry data showed Thursday, underscoring a sharp demand drop for the EV maker in one of its once-strong European markets.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Pakistan has reportedly downed an Indian Rafale fighter jet, along with other Indian military aircraft, using Chinese-made PL-15 missiles. The incident occurred amid rising tensions between the two nations, marking a notable development in the ongoing conflict.
Azerbaijan and Vietnam formalized a strategic partnership as President Ilham Aliyev and Communist Party leader To Lam signed key agreements in Baku.
Türkiye and the United Kingdom have agreed to begin the first round of negotiations by the end of July to modernize and expand their Free Trade Agreement, aiming to boost economic ties and reflect evolving trade priorities.
Slovakia and Hungary have condemned the European Commission’s new proposal to phase out Russian energy imports by 2027, warning the move would harm EU competitiveness.
Tensions between India and Pakistan soared after Indian airstrikes targeted sites in Pakistan and Pakistan-administered Kashmir, killing dozens and prompting threats of retaliation from Islamabad, while the UK warned that "nobody wins" if conflict escalates.
Armenian Prime Minister Nikol Pashinyan said Armenia’s territorial integrity cannot be separated from that of its neighbours, responding to accusations over the 2020 war made by former presidents Kocharyan and Sargsyan.
Pakistan has reportedly downed an Indian Rafale fighter jet, along with other Indian military aircraft, using Chinese-made PL-15 missiles. The incident occurred amid rising tensions between the two nations, marking a notable development in the ongoing conflict.
Azerbaijan and Vietnam formalized a strategic partnership as President Ilham Aliyev and Communist Party leader To Lam signed key agreements in Baku.
Azerbaijani Foreign Minister Jeyhun Bayramov held talks with Iraqi President Abdul Latif Rashid during his official visit to Baghdad, focusing on expanding bilateral cooperation across various sectors.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment