According to the news of the Ministry of Commerce website, on April 14th, during the visit of Chinese President Xi Jinping to Vietnam, Wang Wentao, Minister of China's Ministry of Commerce, and Nguyen Hong Thang, Minister of Industry and Trade of Vietnam, jointly signed the "Memorandum of Understanding between the Ministry of Commerce of the People's Republic of China and the Ministry of Industry and Trade of the Socialist Republic of Vietnam on Strengthening Production and Supply Chain Cooperation" (hereinafter referred to as the "Memorandum") in Hanoi, the capital of Vietnam.
According to the Memorandum, both sides will give full play to the role of the bilateral mechanism, encourage enterprises of the two countries to strengthen multi-field production and supply chain cooperation through trade, investment, technical cooperation, and other ways. In recent years, China-Vietnam economic and trade cooperation has been continuously deepened, and the industrial chains and supply chains of the two countries have been deeply integrated. The signing of the Memorandum will promote the two countries to work together to build a smooth, stable, and resilient industrial and supply chain between China and Vietnam, further deepening trade and investment cooperation.
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