Vietnam and China are expected to increase their two-way trade turnover to US$60 billion and US$100 billion in 2015 and 2017, respectively.
According to the Trade Promotion Department under the Ministry of Industry and Trade (MoIT), China has been Vietnam’s leading trade partner since 2004.
The two countries’ trade exchange has enjoyed an annual growth of 25% in recent years, with last year’s import-export revenue reaching US$41.1 billion, up 15.2% compared to the previous year’s figure.
From January to September 2013, it was estimated at US$36.2 billion, or 21.1% higher than the same period of 2012.
Senior leaders of both countries have worked out practical measures to strengthen trade ties and achieve a trade balance.