A Strong Chinese Economy Is Good for the World, Vietnam Prime Minister Says

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Vietnamese Prime Minister Pham Minh Chinh delivered a speech at the opening ceremony of the World Economic Forum’s Annual Meeting of the New Champions in Dalian on the morning of June 25. Photo: VCG

A strong and self-reliant Chinese economy can benefit the world, Vietnam’s prime minister said at a high-level economic forum this week, noting the “pivotal position” that Beijing holds in global supply chains.

Speaking at the World Economic Forum’s Annual Meeting of the New Champions in Dalian Tuesday, Prime Minister Pham Minh Chinh welcomed China’s commitment in advocating for multilateralism and safeguarding a “peaceful, stable and cooperative” environment for regional and world development.

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Vietnamese Prime Minister Pham Minh Chinh emphasized China's crucial role in the global economy at the World Economic Forum in Dalian.
Pham and Chinese Premier Li Qiang discussed deepening economic cooperation and infrastructure projects like cross-border railways.
China's trade with Vietnam reached nearly $230 billion in 2023, with Vietnam's economy growing 5.66% in Q1, and leadership changes occurred recently with To Lam elected president.

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Who’s Who

China Railway Signal & Communication Corp. Ltd.: China Railway Signal & Communication Corp. Ltd. is a state-owned company that specializes in providing railway design, construction, and technology services. The company can supply products for Vietnam, assist in training human resources, and collaborate on research and development projects. It was mentioned in the context of Vietnam seeking assistance for its railway projects, including a rail link from Yunnan province to Haiphong and a railway from Lang Son to Hanoi.

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What Happened When

2023：: Xi pledged to fund a cross-border railway and put forward a three-year plan to boost trade between China and Vietnam.

2023：: Bilateral trade between China and Vietnam reached nearly $230 billion.

December 2023：: A consensus to 'build a China-Vietnam community with a shared future' was reached by the two countries’ leaders during President Xi Jinping’s visit to Vietnam.

May 2024：: Vietnam went through a leadership change with then-public security minister To Lam elected president.

Monday, June 24, 2024：: Vietnam’s Prime Minister Pham Minh Chinh met Chinese Premier Li Qiang in Dalian.

Tuesday, June 25, 2024：: Pham Minh Chinh spoke at the World Economic Forum’s Annual Meeting of the New Champions in Dalian.

Tuesday, June 25, 2024：: Vietnam's plans for a rail link from Yunnan province to Haiphong and a railway from Lang Son to Hanoi were reported by VnExpress.