Prime Minister of Vietnam, Nguyen Xuan Phuc, fourth on the right, and President of China XI Jinping, left, take part in the meeting in the Great People's Hall on April 25, 2019 in Beijing, China.
Swimming pool Getty Images News Getty images
Chinese President XI Jinping said that there were no winners in the trade war and warned against protectionism.
Comments are ahead of his state visits in three countries of Southeast Asia on April 14-18: Vietnam, Malaysia and Cambodia. Visit XI in Vietnam began on Monday and will end on Tuesday.
In an exclusive article for Nhan DanThe official newspaper from the Communist Vietnamese party, XI wrote that “the war in trade and the tariff war will not win any winner, and protectionism will not lead.”
He added that Vietnam and China should “definitely secure a multilateral trade system, stable global industrial chains and supplies, as well as an open and common international environment.”
In 2024, the continental China was a Vietnam The third largest source of foreign investmentBehind Singapore and South Korea.
Apparently the second largest economy in the world The largest foreign investor in Cambodiaand The third largest investor in Malaysia to approved investments.
In the article he said that it is important that both Vietnam and China “promote the equal and orderly multiply world and the universally favorable and integration economic globalization.”
XI also called for deeper cooperation between two countries, including business cooperation and exchange of people for people, saying that “China adopts more high -quality Vietnamese products on the Chinese market and encourage more Chinese companies to invest and operate in Vietnam.”
He added that both sides should increase cooperation in areas such as industrial chains and supplies, as well as “appearing”, such as 5G, artificial intelligence and green development.
XI also called on both sides to cooperate with Global South “to maintain common interests of developing countries.”
Vietnam was hit One of the highest levels of “mutual” tariffs from the US in 46%, although it was so Detained by US President Donald Trump for 90 days. Imports from Vietnam to the US will be subject to 10% of fees for now.