Chinese President Xi Jinping and Vietnamese President Luong Cuong reaffirmed their commitment to deepening bilateral cooperation during high-level talks in Beijing on Thursday. The meeting focused on enhancing economic partnerships, cross-border infrastructure projects, and maintaining stability in the South China Sea.
Analysts note the discussions align with China's broader strategy to strengthen ties with ASEAN nations, particularly in supply chain resilience and digital economy initiatives. Vietnam, a key manufacturing hub, saw a 22% year-on-year increase in trade with the Chinese mainland during Q1 2024.
The leaders also addressed cultural exchanges, with plans to expand educational partnerships and streamline visa processes for business travelers. This development comes as Southeast Asia emerges as a critical region for global tech investment, with Vietnam attracting $6.7 billion in foreign capital this year.
