- Vietnam has requested preferential loans and technology from China to develop its transport infrastructure.
- The request was made by Vietnam’s President To Lam during his visit to Beijing.
- Both countries agreed to improve rail and highway connections between them.
- China has committed to importing more Vietnamese agricultural products.
- 14 agreements were signed, including one on cross-border railway transport.
Hanoi, August 19 (FFN) – The Vietnamese government announced on Monday that President To Lam requested preferential loans and technology from China for the development of transport infrastructure during his visit to Beijing. This report comes from Reuters.
During his meeting on Monday with Chinese President Xi Jinping, both leaders agreed to enhance rail and highway connections between the two neighboring communist nations. Additionally, Xi Jinping pledged that China would increase its imports of Vietnamese agricultural products.
To Lam began his three-day visit to China on August 18, marking his first foreign trip since assuming office two weeks ago.
On Monday, China and Vietnam signed 14 agreements, including one focused on cross-border railway transport. The modernization of railways on the Vietnamese side is expected to boost trade and investment, particularly as a growing number of Chinese manufacturers relocate some operations to Vietnam due to trade tensions with the United States, which has imposed tariffs on certain Chinese goods.
Details of the Vietnam-China Agreement
| Metric | Details |
|---|---|
| Vietnam’s Request | Preferential loans and technology |
| Meeting Participants | To Lam, Xi Jinping |
| Number of Agreements Signed | 14 |
| Focus Areas | Railways, highways, agricultural trade |
| Vietnam Visit Date | August 18-21, 2024 |
