04 month202023
Vietnam has strengthened economic, trade and investment cooperation with China's Sichuan Province
In 2022, two-way trade between Vietnam and China's Sichuan reached about 11.3 billion U.S. dollars. Vietnam is now Sichuan's largest trading partner in ASEAN, and Sichuan is also a key export market for Vietnam. "China officially reopened its doors on January 8, 2023, and the world's second largest economy has been showing many encouraging signs of recovery," said Vu Bofu, director general of the Trade Promotion Department of Vietnam's Ministry of Industry and Trade. Vietnam can take advantage of its geographical location to reduce the cost of exporting to this market and improve the competitiveness of Vietnamese products in this market ".