Based on the Joint Statement between the General Secretaries of Vietnam and China during their official state visits, which emphasized further deepening and strengthening the comprehensive strategic partnership between Vietnam and China, the Vietnam-China strategic cooperation has continued to develop positively and yield significant results. In which, China remains Vietnam's largest trade partner, while Vietnam maintains its position as China’s largest trade partner in ASEAN and the fourth-largest globally in terms of national rankings.
As policy banks implementing key strategies for both nations, VDB and China Eximbank, after discussions on cooperation areas aligned with their respective roles and missions, decided to sign a Cooperation Agreement, marking their collaboration as official members of the AEBF during the 29th AEBF Annual Meeting in Shanghai, China.
Mr. Dao Quang Truong, General Director of VDB and Ms. Yang Donging, Vice President of China Eximbank, signed the framework Cooperation Agreement, under which both parties will focus on strengthening cooperation in infrastructure, digital economy, green and low-carbon sectors, and apply various forms of support for investment and financing projects between Vietnam and China, thus facilitating bilateral trade development.
At the signing ceremony, Mr. Dao Quang Truong and Ms. Yang Donging expressed confidence that the Cooperation Agreement would strengthen ties and communication between the two institutions, and open the door to more practical and concrete cooperation opportunities that would bring mutual benefits, helping both institutions fulfill the tasks assigned by the governments of their respective countries while promoting the Asian economic integration and development.
Founded in 1994, China Eximbank is a State-funded policy bank directly under the leadership of the State Council, specializing in supporting China’s economic development, trade, investment, and international economic cooperation. With national credit support, China Eximbank plays a crucial role in stabilizing growth, adjusting structures, supporting foreign trade development, and executing the “Go Global” strategy. It also strengthens support for key sectors and weak links to foster China’s socio-economic development and sustainability. As of the end of 2023, with total assets reaching RMB 6,385 billion (equivalent to USD 880 billion), China Eximbank is the largest export-import bank in the world.