China-Vietnam trade exceeds 200 billion USD for four consecutive years

The bilateral trade between China and Vietnam has surpassed 200 billion U.S. dollars for four consecutive years, the Ministry of Commerce (MOC) said Thursday.

In recent years, the economic and trade cooperation between the two countries has shown steady progress, said He Yongqian, a MOC spokeswoman, at a press conference in Beijing.

"I have a set of data here. Since 2004, China has been Vietnam's largest trading partner, and since 2016, Vietnam has become China's largest trading partner in ASEAN. Bilateral trade between the two countries has surpassed 200 billion U.S. dollars for four consecutive years, reaching 260.65 billion U.S. dollars in 2024, up 13.5 percent year on year. Vietnam is a key destination for China's outbound investment, with direct investments from Chinese enterprises in Vietnam exceeding 2.5 billion U.S. dollars, maintaining relatively fast growth," He said.

"China stands ready to work with Vietnam to implement the series of important common understandings between the top leaders of the two parties and two countries on the building of a China-Vietnam community with a shared future that carries strategic significance, improve and upgrade the economic and trade cooperation between the two countries, and deliver more benefits to our two peoples," she said.

The U.S. dollar strengthened in late trading on Wednesday.

The dollar index, which measures the greenback against six major peers, went up 0.52 percent to 100.092 at 15:00 (1900 GMT).

In late New York trading, the euro declined to 1.1516 dollars from 1.1542 dollars in the previous session, and the British pound fell to 1.3341 dollars from 1.3360 dollars in the previous session.

The U.S. dollar bought 159.41 Japanese yen, higher than 159.00 Japanese yen in the previous session. The U.S. dollar rose to 0.7902 Swiss francs from 0.7847 Swiss francs, and it advanced to 1.3701 Canadian dollars from 1.3697 Canadian dollars. The U.S. dollar climbed to 9.3346 Swedish kronor from 9.2737 Swedish kronor.