China’s Preside Xi Jinping, at the beginning of his three -day trip to Southeast Asia from Hanoi, the capital of Vietnam, called for a strengthening of trade and supply chain cooperation with the coury to reduce the effects of US heavy tariffs. The trip, which comes with Beijing at 5 % US tariffs, is an opportunity to sign about 5 agreemes in various fields between the two communist couries.
In an article published on Monday in the Vietnam Communist Party’s Nanandan newspaper, Shi praised the expansion of artificial ielligence and green economy. Vietnam, as a key industrial ceer in the region and a major exporter of electronics, shoes and clothing to the United States, is negotiating to reduce US proposed tariffs, which will be implemeed in July if they disagree. Vietnam’s customs data shows that in the first quarter of this year, it imported about $ 5 billion from China and exported $ 1.5 billion to the United States, reflecting the trade ierdependence of the three couries.
The journey, which will coinue in Vietnam and then in Malaysia and Cambodia from April 1 to April 5, is highlighted by the developme of infrastructure, especially the railway lines between China and Vietnam. The deputy prime minister of Vietnam, the smell of Tan Sun, announced that the two couries iend to sign agreemes on defense, security and infrastructure, although the details of the financial obligations are still unclear. Vietnam also accepts Chinese loans to build new railways, which can boost bilateral trade.
However, China -Vietnam relations are challenged. The border tensions in the South China Sea and the rece Vietnam’s efforts to satisfy the United States, such as the establishme of the Ilan Musk Starlink Service and the commercial restrictions on some Chinese goods to comply with the rules of the product, may annoy Beijing. Meanwhile, China is seeking Vietnam’s conse to buy Comac aircraft, and on Sunday, Vitjet Airlines signed a memorandum of understanding with Comac, which may include two C909 aircraft for domestic flights.
