Bloomberg Quicktake published this video item, entitled “China’s Xi Holds Talks With Vietnam Communist Leader in Hanoi” – below is their description.
Chinese President Xi Jinping held talks with Vietnam’s Communist leader Nguyen Phu Trong on Tuesday during his state visit to Hanoi to seek to further deepen ties with its neighboring country. Xi’s visit comes weeks after Vietnam elevated its diplomatic relations with Western-aligned countries.
Xi’s visit marks 15 years of China being a “comprehensive strategic partner” of Vietnam, the highest official designation for a diplomatic relationship. Vietnam plays an increasingly important strategic role in security and the economy in southeast Asia. After the meeting, Xi and Trong viewed a display of 36 agreements including those of political and defense cooperations signed between China and Vietnam on the occasion of the visit.
Vietnam is one of several countries to clash with China in the disputed South China Sea, particularly on two archipelagos, the Spratlys and the Paracel Islands. It has faced off with China’s coast guard in the past in the disputed waters. Vietnam usually does not publicise the confrontations.
China has been Vietnam’s largest trading partner for several years, with a bilateral trade turnover of 175.6 billion US dollars in 2022. Imports from China, including crucial inputs for Vietnam’s manufacturing sector, make up 67%, according to Vietnam customs data cited by Vietnamese state media. However, the trade is at a deficit in China’s favor.
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