Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Wednesday, October 23, 2019

Vietnam, China boost comprehensive ties

Updated: 16:55’ - 08/11/2005

Vietnam considered its comprehensive and lasting relationship with China a constant policy that would always be given top priority, Vietnamese Communist Party General Secretary Nong Duc Manh and State President Tran Duc Luong told Chinese Communist Party General Secretary and State President Hu Jintao in Hanoi on October 31 during his three-day official visit to Vietnam.

The two sides discussed and reached agreement on the need to further strengthen and develop ties between the two parties and two countries as well as issues of mutual concern.

They also expressed their wish to expand bilateral trade and economic ties for mutual benefits.

After their talks, the three leaders witnessed the signing of a number of cooperation documents, including an economic-technical cooperation agreement between the two governments under which China will provide Vietnam with a non-refundable aid worth 60 million Chinese yuan; a framework agreement on China’s grant of a preferential credit worth 550 million Chinese yuan for Vietnam’s project to modernize the signaling system of the Vinh-HCM City railway; two loan agreements on the use of preferential credits for the projects on modernizing railway signals; a contract  on the sale of electricity to six northern provinces of Vietnam; a framework agreement on oil and gas cooperation in the agreed sea area in the Tonkin Gulf; and an engineering and procurement contract for the design, technology transfer and supply of equipment for the DAP fertilizer plant in Dinh Vu economic zone, Hai Phong city.

In a speech delivered to the Vietnamese National Assembly on November 1, Mr. Hu Jintao said that mutual respect, understanding, support, trust and cooperation between the peoples of Vietnam and China was the motivation to intensify the friendship of the two nations and enhance their relationship.

The motto “friendly neighborliness, comprehensive cooperation, long-lasting stability and future-oriented vision,” expressed the desire of the two countries to be “good neighbors, good friends, goods comrades, and good partners,” the Chinese leader said.-

VNL_KH1 

Send Us Your Comments:

See also:

Video

Vietnam Law & Legal Forum