Chinese premier arrives in Vietnam for official visit

Chinese Premier Li Qiang arrived in Hanoi on Saturday for an official visit to Vietnam at the invitation of his Vietnamese counterpart Pham Minh Chinh.

Li was greeted by Vietnamese Deputy Prime Minister and Foreign Minister Bui Thanh Son at the airport.

Noting the steady development of China-Vietnam relations, Li said China is ready to work with Vietnam to deepen the building of the China-Vietnam community with a shared future and achieve solid progress, so as to bring more benefits to the people of both countries.

Vietnam is the second stop of Li's ongoing Asia tour. Prior to this, he visited Laos, where he attended a series of leaders' meetings on East Asia cooperation and paid an official visit to the country.

Chinese premier arrives in Vietnam for official visit

The Chinese yuan strengthened to a 32-month high against the dollar on Monday, after the People's Bank of China lifted its official guidance rate.

The onshore yuan rose to a high of 6.97 per dollar at 1245 GMT, the strongest level since May 2023. Meanwhile, its offshore counterpart last fetched 6.96 per dollar.

The central bank set the midpoint rate at 7.0108 per dollar -- the firmest level since September 2024.

The yuan gained 4.5 percent against the dollar in 2025, marking its best annual performance since 2022, supported by a broadly weaker greenback and increased year-end foreign exchange settlements by Chinese exporters.

Chinese yuan hits 32-month high against US dollar