General

According to the reporter's report, despite the continued complicated and severe situation of the COVID-19 epidemic, which has brought difficulties to the trade exchanges and cooperation of various countries, the trade cooperation between Vietnam and China in 2021 will maintain a high-speed and steady growth.

Nong Duc Lai, Commercial Counselor of the Vietnamese Embassy in China, revealed that according to statistics from Vietnam Customs, the total two-way trade in 2021 will reach US$165.8 billion, an increase of 33.5% over 2020; and according to the statistics of China Customs, the total two-way trade will exceed US$200 billion for the first time. mark, reaching 230.2 billion US dollars, an increase of 19.7% over the previous year.

With this result, China continues to be Vietnam's largest trading partner and second largest export market, while Vietnam continues to be China's largest trading partner in ASEAN and China's sixth largest trading partner in the world (after the United States, Japan, South Korea, Germany, etc.). and Australia).

Counselor Nong Duc Lai said that the highlight of the trade relations between Vietnam and China in 2021 is the record growth of trade volume, which is 33.5% and nearly 20% respectively according to the statistics of Vietnam and China. Data from Chinese customs also showed that the trade volume between the two countries exceeded the $200 billion mark for the first time.

This figure reflects that the bilateral trade between the two countries in recent years has brought obstacles to the epidemic prevention and control activities of the two countries, the world economy has not really recovered after a year of severe impact from the epidemic, Vietnam's production chain has encountered difficulties in a certain period, and consumption in the Chinese market Stability and effectiveness against the background of difficulties and resistance brought about by objective reasons such as declining demand.

With the advantages of traditional trade relations and the great efforts made by relevant Vietnamese authorities to overcome difficulties in the face of many pressures and obstacles in bilateral trade activities, the total two-way trade between Vietnam and China in 2021 exceeded the US$230 billion mark for the first time.