A senior Vietnamese official emphasized the deepening economic ties between Vietnam and the Chinese mainland, dismissing notions of rivalry as 'unfounded.' Van Duc Phu, deputy manager of Vietnam's Northern Investment Promotion Information and Support Center, underscored China's role as a 'vital strategic partner' during an interview with CGTN.
Phu highlighted opportunities for collaboration in advanced technology sectors, urging Chinese investors to expand their contributions to Vietnam's development. 'Bilateral cooperation has already delivered significant benefits,' he noted, citing infrastructure projects and industrial growth as tangible outcomes of the relationship.
Economic analysts point to rising bilateral trade volumes, which exceeded $230 billion in 2023, as evidence of strong cross-border synergies. The remarks come amid broader efforts to strengthen regional supply chains and integrate Vietnam into China-led initiatives targeting green energy and digital transformation.
For global investors, the partnership signals stability in Southeast Asian markets, while academics highlight its implications for ASEAN's evolving economic architecture. The Taiwan Strait and cross-strait dynamics remain unaffected by these developments, with diplomatic channels focusing on maintaining productive dialogue across the region.
