World

China and Vietnam sign deals

April 15, 2025 12:13 pm

Chinese President Xi Jinping shakes hands with Vietnam's National Assembly Chairman Tran Thanh Man, in Hanoi, Vietnam [Source: Reuters]

China’s President Xi Jinping called on Monday for stronger ties with Vietnam on trade and supply chains amid disruptions caused by U.S. tariffs, as he attended the signing in Hanoi of dozens of cooperation agreements between the two communist-run nations.

The visit, planned for weeks and part of a wider trip in Southeast Asia, comes as Beijing faces 145% U.S. duties, while Vietnam is negotiating a reduction of threatened U.S. tariffs of 46% that would otherwise apply in July after a global moratorium expires.

The two sides should strengthen cooperation in production and supply chains,” Xi said in an article in Nhandan, the newspaper of Vietnam’s Communist Party, posted ahead of his arrival on Monday.

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He also urged more trade and stronger ties with Hanoi on artificial intelligence and the green economy.

After he met Vietnam’s top leader, To Lam, the two countries signed dozens of cooperation agreements, including deals on enhancing supply chains and on cooperation over railways, footage of the documents reviewed by Reuters showed.

Chinese and Vietnamese state media later on Monday reported that 45 agreements were signed.

The content of the agreements was not disclosed and it was unclear whether they involved any financial or binding commitments.

Under pressure from Washington, Vietnam is tightening controls on some trade with China to make sure goods exported to the United States with a “Made in Vietnam” label have sufficient added value in the country to justify that.

There are no winners in trade wars and tariff wars,” Xi said in his article, without mentioning the United States. Later, in a meeting with Vietnam’s Prime Minister Pham Minh Chinh, Xi said the two countries should oppose unilateral bullying, according to Chinese state media Xinhua.

One memorandum of understanding signed on Monday is to boost cooperation between the China Council for the Promotion of International Trade and the Vietnam Chamber of Commerce and Industry, which issues certificates on the origins of goods.

Vietnam is a major industrial and assembly hub in Southeast Asia. Most of its imports are from China while the United States is its main export market.

The country is a crucial source of electronics, shoes and apparel for the United States.

In the first three months of this year, Hanoi imported goods worth about $30 billion from Beijing while its exports to Washington amounted to $31.4 billion, Vietnam’s customs data show, confirming a long-term trend in which imports from China closely match the value and swings of exports to the U.S.

U.S. President Donald Trump said on Monday the two countries’ discussions were focused on how to harm the United States, but that he did not blame them for holding such talks.

I don’t blame China; I don’t blame Vietnam,” Trump told reporters at the White House. “That’s a lovely meeting. Meeting like, trying to figure out, ‘how do we screw the United States of America?‘”

A Trump administration official said the Republican president and Vietnam’s Lam “earlier this month agreed to work to reduce reciprocal tariffs and looked forward to an in-person meeting in the near future.”

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