People welcome General Secretary of the Communist Party of China Central Committee and Chinese President Xi Jinping in Hanoi, Vietnam, April 14, 2025. Xi arrived in Hanoi on Monday to pay a state visit to Vietnam. (Xinhua/Bi Xiaoyang)
To Lam, general secretary of the Communist Party of Vietnam (CPV) Central Committee, invites Xi Jinping, general secretary of the Communist Party of China Central Committee and Chinese president, to a small chat over tea before their talks at the CPV Central Committee headquarters in Hanoi, Vietnam, April 14, 2025. (Photo: Xinhua)
Building the China-Vietnam community with a shared future carries great global significance, Xi said in his meeting with To Lam, noting that as the two countries jointly pursue peaceful development, their combined population of over 1.5 billion is jointly advancing toward modernization, which will contribute to regional and global peace and stability while promoting common development.
For Vietnamese scholars, Xi's emphasis on the building of the China-Vietnam community with a shared future underscores a core pillar of China's neighborhood diplomacy -- forging strong partnerships with neighboring countries based on mutual respect, win-win cooperation and long-term commitment.
This approach, they said, reflects China's broader vision of a peaceful and prosperous region.
Nguyen Thi Phuong Hoa, a researcher at the Institute for Asia-Pacific Studies under the Vietnam Academy of Social Sciences, said the effort to build a China-Vietnam community with a shared future that carries strategic significance reflects both the continuation and the deepening of the enduring friendship between the two countries.
"It is built on the foundation of political trust, the promotion of commonalities and especially the sharing of benefits and mutual concerns," she said. "The ultimate goal is to bring benefits to the people of both nations, support each country's development and contribute to regional peace and stability."
GREATER COMMON DEVELOPMENT
Over the past year, the agreement on building the Vietnam-China community with a shared future that carries strategic significance has already injected fresh momentum into the bilateral relationship, said Nguyen Vinh Quang, vice president of the Vietnam-China Friendship Association, noting that businesses from both sides have demonstrated increased confidence in each other.
Chinese direct investment in Vietnam exceeded 2.5 billion U.S. dollars in 2024, maintaining strong growth, Chinese Ministry of Commerce spokesperson He Yongqian said on Thursday.
Meanwhile, bilateral trade has surpassed 200 billion dollars for four consecutive years, reaching 260.65 billion dollars in 2024, a 13.5-percent increase year-on-year.
Noting that both countries are committed to opening up, Xi said during his meeting with To Lam on Monday that both countries have played a constructive role in maintaining the stability and smooth operation of regional industrial and supply chains, as well as contributing to the advancement of economic globalization.
Both China and Vietnam are beneficiaries of economic globalization, and the two sides should strengthen strategic resolve, jointly oppose unilateralism and bullying practices, and work together to uphold the global free trade system and maintain the stability of industrial and supply chains, Xi said.
In recent years, the global governance system has faced serious challenges, as some nations have introduced regulations that contravene international law, said Tran Khanh, former editor-in-chief of the Journal of Southeast Asian Studies at the Vietnam Academy of Social Sciences.
China and Vietnam can work together to uphold the global order based on international law, including an international trade system based on established international norms, he said.