Highlights Of Sino Vietnamese Economic And Trade Cooperation

The highlights of Sino Vietnamese economic and trade cooperation are frequent: first, the scale of trade is expanding rapidly.

Two, the imbalance between China and Vietnam has gradually changed.

From the perspective of interest, China's interests are lower than Vietnam's. But Vietnam is likely to play a bigger role in maintaining the relationship between China and ASEAN.

According to reports, Hu Suojin, economic and Commercial Counselor of the Chinese Embassy in Vietnam, said at a press conference in March 8th that highlights of Sino Vietnamese economic and trade cooperation were frequent.

Hu Suojin pointed out that the first is the rapid expansion of trade scale.

Two, the imbalance between China and Vietnam has gradually changed.

In 2015, trade between China and Vietnam increased by 14.6%, of which China's exports to Vietnam increased by 3.8%, while Vietnam's exports to China increased by 49.1%. Vietnam's export growth to China was nearly 13 times the increase in imports from China.

The three is to accelerate the optimization of trade structure.

The rapid development of Vietnam's technology and capital intensive industries has become a "backbone" in Sino Vietnamese trade.

Four, border trade plays an important role.

Border trade between China and Vietnam is an indispensable part of bilateral trade, which is of great significance for promoting prosperity and promoting bilateral relations.

It is reported that in 2015, bilateral trade between China and Vietnam amounted to US $95 billion 819 million, an increase of 14.6% over the same period last year, accounting for 2.4% of China's total foreign trade.

China has become Vietnam's largest trading partner for 12 consecutive years, Vietnam's largest source of imports and the fourth largest export market. Vietnam has become China's second largest trading partner in ASEAN after Malaysia.

Hu Suojin said that in November 2015, general secretary Xi Jinping visited Vietnam. The top leaders of the two parties reached an important consensus on the development of China Vietnam comprehensive strategic partnership. One important content is that the two sides make joint efforts to realize the strategic docking of the "one belt and one road" initiative with Vietnam's "two corridors and one circle" plan.

At present, the relevant departments within the two departments are stepping up research and development of specific cooperation contents in accordance with the division of labor, decomposing the task plan, and carrying out consultations and implementation as soon as possible on strategic docking work.

Xiao Yaofei, a professor at Guangdong University of Foreign Studies and chief investigator of Guangdong International Strategy Research Institute, told reporters that strengthening trade cooperation between China and Vietnam is a good thing. First, the common purpose of China and Vietnam is to develop.

China's cooperation with Vietnam in developing the western region, especially Guangxi, can effectively promote the development of Guangxi's local economy.

Second, the political purpose. China and Vietnam can enhance Vietnam's dependence on China's economic and trade cooperation by strengthening trade and maintaining traditional friendly relations.

Therefore, China hopes that trade between China and Vietnam will develop.

Although China's interests are a little lower than Vietnam in terms of interest, Vietnam may play a greater role in maintaining the relationship between China and ASEAN.

According to the latest data released by the Ministry of industry and trade, Vietnam's border trade amounted to 27 billion 560 million US dollars in 2015, of which China and Vietnam accounted for 85% of the frontier trade volume.

Vietnam's Ministry of industry and Trade said that Vietnam's border trade was developing rapidly and varied.

Vietnam mainly exports agricultural and forestry products, minerals and industrial products to China, mainly importing food, machinery and equipment, vehicles and electronic products from China.

According to the trade promotion direction of Vietnam released in 2015 in the Chinese market in June of June, it is pointed out that the slow economic growth in China and the gradual change to household consumption will benefit exports to China, especially rough processing of raw materials.

There are also media reports that e-commerce based on border trade has seen explosive growth in recent years in Dongxing, Guangxi.

Vice mayor of Dongxing said that e-commerce changed the form of traditional border trade and injected new vitality into the development of border trade.

In the past 10 years since the establishment of the Beibu Gulf Economic Zone, the turnover volume of trade and import and export in Dongxing has increased from 1 billion 900 million yuan to 19 billion 200 million yuan, and over 30 thousand of the border peoples have engaged in trade with other cities, creating more than 70 thousand jobs.

"At the national level, President Xi once visited Vietnam, and after the establishment of the major policy guidelines between the two countries, the specific promotion is in all respects. However, China is probably more at the regional level, mainly using the concept of the Guangxi ASEAN Free Trade Area to strengthen cooperation with Vietnam. The specific promotion is done by the local Ministry of Commerce and the Ministry of Commerce.

Xiao Yaofei said.

Earlier this year, Guangxi Beibu Gulf Investment Group signed with the remote real estate group.

The agreement is to build China's first cross-border e-commerce border trade city in Dongxing, focusing on building China's import and export trade chain oriented to ASEAN and creating "O2O cross border settlement, border trade and mutual market city".

As the "first trial" policy for the implementation of the comprehensive financial reform pilot area along the border, Guangxi has standardized the RMB settlement business of cross-border trade of border trade since July 10, 2013. Since July 10, 2013, the total amount of RMB settlement in cross-border trade in Fangchenggang has been more than 30 billion yuan, and the settlement of the border trade of the people's Republic of China accounts for 98%, which is 6 times the national average.

According to relevant data, from 2014 to 2015, e-commerce enterprises in Dongxing developed from 912 to over 1800, and sales increased from 770 million yuan (RMB) to about 1 billion 520 million yuan, providing 8700 jobs.

In May 2015, the Ali Research Institute released the list of China's "electricity supplier 100 Jia county" in 2014. Dongxing ranked twenty-seventh in China and the first in Guangxi.

According to the official plan, Dongxing will carry out cross-border cross border settlement business through the exchange of RMB and ASEAN currency, promote the "cross border e-commerce intercity trade", and set out a series of measures in Vietnam's Manu Street supporting the construction of the barn Street bonded area overseas warehouse and the mango street China Commodity experience store, to further promote the development of cross-border e-commerce in the region.

China Vietnam

Development is in full swing, but according to the website of Ministry of Commerce, China's export volume in the Vietnam direction has dropped significantly in the first 2 months of this year.

According to the statistics of Guangning industry and trade department, there is no obvious change in the trade between merchants and border trade personnel, but the export volume of ports in Guangning has decreased by 6.51% compared with the previous year, to 91 million 700 thousand US dollars.

As of February 18th, the export volume of the old streets and ports was only 13 million 400 thousand US dollars, 60% of the same period last year. The main export commodities are rice, ore, footwear, coffee and candy.

The main reason for the decline in export volume is the decline in export prices. China has tightened border trade management, making it difficult for small trade exports.

In this regard, Xiao Yao Fei said that the decline of border trade is a large scale, and China and ASEAN are in the same position.

The overall decline is mainly due to the fact that China imported more from ASEAN than before.

This reflects the reduction of domestic demand, especially the demand for foreign countries.

After the pformation and pformation of China's economy, the overall domestic demand growth is decreasing, and the demand for China's external, especially Southeast Asian regions has declined. The data in 1 and February this year illustrate this point.