Amid interruptions brought on by US tariffs, China’s President Xi Jinping on Monday urged for closer trade and supply chain connections with Vietnam while attending the signing of dozens of cooperation agreements between the two Communist-run countries in Hanoi. The weeks-long visit, which is a component of a larger Southeast Asian journey, comes as Beijing faces 145% US levies and Vietnam is negotiating a 46% drop in threatening US tariffs that would otherwise take effect in July following the expiration of a worldwide moratorium.
In a commentary published before his visit on Monday in Nhandan, the Vietnamese Communist Party journal, Xi stated that the two sides should increase their collaboration in supply chains and manufacturing. He also called for increased commerce and closer connections with Hanoi in the areas of artificial intelligence and the green economy.
Footage of the documents seen by Reuters revealed that the two nations inked hundreds of cooperation agreements after he met with Vietnam’s senior leader, To Lam. These agreements included agreements on improving supply chains and collaborating on railroads.
The agreements’ contents were not made public, and it was unclear if they included any legally enforceable or monetary obligations.
Deputy Prime Minister Bui Thanh Son of Vietnam announced on Saturday that over 40 agreements would be inked. On Sunday, a different aircraft business transaction was inked.
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