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General Secretary and President of Vietnam holds talks with Chinese counterpart

General Secretary and President of Vietnam holds talks with Chinese counterpart

During their talks in Beijing on April 15, the two leaders affirmed that the two Parties and countries should further strengthen solidarity, enhance strategic trust, and promote policy connectivity, trade, infrastructure, and energy.

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and President of Vietnam To Lam had talks with General Secretary of the Communist Party of China (CPC) Central Committee and President of China Xi Jinping in Beijing on April 15 morning, according to a report from theVietnam News Agency.

Welcoming the Vietnamese leader and high-ranking delegation,President Xiwarmly congratulatedMr.To Lam on his recent election as President of Vietnam by the 16th National Assembly. He appreciated his guest choosing China to visit first following the resounding success of the 14th National Congress of the CPV and the consolidation of state leadership positions, considering this as a demonstration of the high regard and top priority given by the Vietnamese Party and State in general, and General Secretary and President Lam in particular, to the traditional friendship and comprehensive strategic cooperation between China and Vietnam, as well as the strategic nature and high level of bilateral relations.

The Vietnamese leader sincerely thanked General Secretary and President Xi for the warm and thoughtful welcome, and for the strong support shown in various forms for the 14th National Congress of the CPV.

Announcing the new theoretical and practical highlights of the 14th National CPV Congress, General Secretary and President Lam emphasized that the new leadership of the Vietnamese Party and State wishes to work with their Chinese counterparts to continuously nurture the traditional friendship, promote the Comprehensive Strategic Cooperative Partnership and the Vietnam – China community with a shared future that carries strategic significance.

He congratulated the Chinese Party, State, and people on their epoch-making achievements, and expressed confidence that China will successfully implement its 15th five-year Plan, achieve high-quality development and Chinese-style modernization, successfully realize the "second centenary goal”, and continue to play an increasingly important role in the region and the world.

Vietnam always considers developing relations with China as a consistent policy, a strategic choice, and a top priority in its overall foreign policy of independence, self-reliance, self-strengthening, multilateralization and diversification of external relations, he stated, affirming that Vietnam supports China's global initiatives on development, security, civilization, and governance, and consistently implements the "one China" policy.

Once again congratulating the CPV on its successful 14th National Congress, General Secretary and President Xi highly valued and congratulated Vietnam’s outstanding achievements in socialism building and the Doi Moi (Renewal) process, which have opened up a new era of development for the country.

He emphasized that China supports Vietnam in steadfastly upholding the Party's leadership and promoting the building of socialism, affirming Vietnam is a priority direction in China's neighborhood diplomacy.

The Chinese leader said he believes that under the leadership of the new CPV Central Committee, headed by General Secretary and President To Lam, Vietnam will successfully achieve the goals and tasks set forth by the 14th National Congress, and soon realize the two centenary goals, transforming Vietnam into a high-income and developed socialist-oriented nation.

The top leaders held in-depth and comprehensive discussions on their respective national situations, bilateral relations, and regional and international issues of mutual concern.

They expressed their satisfaction with the positive developments in bilateral ties in recent years. Notably, high-level strategic exchanges have become increasingly frequent; cooperation mechanisms have been more comprehensive, diverse, and trustworthy; and defense and security cooperation has evolved from exchanges to more substantive activities. Economic, trade, and investment ties, along with transport connectivity, have seen new breakthroughs, while local-level cooperation and people-to-people exchanges have remained vibrant. Coordination in multilateral frameworks has also grown closer.

Amid complex global developments, the two leaders affirmed that the two Parties and countries should further strengthen solidarity, enhance strategic trust, and promote policy connectivity, trade, infrastructure, and energy. They agreed to continue deepening and elevating Vietnam–China relations in the new phase, practically contributing to peace, cooperation, and development in the region and the world.

Regarding future directions, they agreed to continue directing relevant agencies to adhere to the overarching “six major orientations”, maintain regular high-level exchanges, and promote the guiding role of Party-to-Party channels. They emphasized the need to expand substantive cooperation across sectors, reinforce the social foundation of bilateral ties, enhance close coordination at multilateral mechanisms, and better manage and resolve differences.

At the talks, the two leaders officially announced the launch of the “Vietnam–China Tourism Cooperation Year 2026–2027,” agreeing to step up joint promotion activities, improve tourism infrastructure and services, and maintain each country’s position as a leading source of tourists for the other.

General Secretary and President Lam also proposed both sides consider visa exemptions for group tourists at designated destinations on a reciprocal basis.

He proposed that the two sides strengthen political trust and strategic coordination at a new level, step up high-level exchanges, and continue to promote the role and effectiveness of comprehensive cooperation across Party, Government, National Assembly/National People’s Congress, and Vietnam Fatherland Front/Chinese People’s Political Consultative Conference channels.

The Party and State leader of Vietnam called for enhanced theory exchanges and cadre training, stronger substantive cooperation between key agencies, particularly in diplomacy, national defense, and public security, and the effective implementation of the ministerial-level “3+3” strategic dialogue mechanism. He also proposed increasing cooperation in security, defense industry, and military trade, along with support each other in successfully hosting APEC Year 2026 and 2027 in each country.

He further suggested elevating economic, trade, investment, and tourism ties to a new height to contribute to the realization of each country’s development goals. Priority should be given to upgrading strategic infrastructure connectivity, especially railway, shifting from simple trade to deeper economic linkages, and associating bilateral trade with infrastructure, logistics, and market connectivity.

General Secretary and President Lam proposed that China open its market as wide as possible to Vietnamese goods and work toward balanced and heathy trade. He also called for stronger investment, technology transfer, development of supporting industries, and the establishment of complete production and supply chains in Vietnam, as well as coordination in building mechanisms to ensure strategic energy supply.

In addition, he emphasized expanding cooperation in education and training, science and technology, culture, people-to-people exchanges, and local-level cooperation, including providing more scholarships for Vietnamese students and boosting collaboration between leading universities of the two countries.

Agreeing with and highly valuing the proposals, General Secretary and President Xi suggested that the two sides further intensify political trust and strategic exchanges, maintain the tradition of high-level contacts, and bring into play the special role of Party-to-Party relations. He asked for in-depth exchanges of experience in the Party building and state governance, and for maximizing the role of the ministerial-level “3+3” strategic dialogue on foreign affairs, national defense, and public security between Vietnam and China to firmly advance the socialist cause in both countries.

The host recommended the two sides effectively align the Belt and Road Initiative with the “Two Corridors, One Belt” framework, accelerate strategic infrastructure connectivity, and actively implement the three standard-gauge railway projects linking the two countries.

He welcomed the increasing export of high-quality Vietnamese goods to the Chinese market, and called for deeper cooperation in key sectors, stronger production and supply chain collaboration, and encouragement for Chinese enterprises to invest more in Vietnam.

The two countries should enhance policy coordination in science and technology, promote diverse people-to-people exchanges, actively implement global initiatives on development, security, civilization, and governance, and jointly contribute to a stable, open and cooperative international environment while together promoting the socialist cause around the word as well as safeguarding peace, stability, and prosperity in the region and beyond, the Chinese leader added.

At the talks, the two sides agreed to properly resolve differences and promote cooperation in line with the new level of Vietnam – China relations on the basis of international law, seriously comply with the consensus between the Association of Southeast Asian Nations (ASEAN) and China on the implementation of the Declaration on the Conduct of Parties in the East Sea (DOC), and accelerate negotiations to soon finalize an effective and substantive Code of Conduct (COC) in accordance with international law, particularly the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

The top leader of Vietnam asked both sides to truly respect each other’s rights and legitimate interests and resolve differences through peaceful means in line with international law, especially the 1982 UNCLOS.

Following the talks, the two leaders witnessed the signing of cooperation documents across Party, public security, judicial, economic, science and technology, production and supply chain, social welfare, media, and local collaboration, reflecting the comprehensive outcomes of the visit.


Source: en.vneconomy.vn

Photo: VNA

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ThaiGroup plans $4.9 bln tourism-resort complex in northern Vietnam

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Vietnam’s multi-sector corporation ThaiGroup plans to implement a VND128 trillion ($4.86 billion) tourism and resort complex in the northern province of Ninh Binh, home to the UNESCO-recognized Trang An scenic landscape complex, later this year.

The project is expected span more than 1,000 hectares and include between 15,000 and 20,000 hotel and resort rooms, significantly expanding accommodation capacity in Ninh Binh.

ThaiGroup said the project aims to diversify the province’s tourism offerings beyond traditional heritage tourism by adding large-scale entertainment, leisure and nighttime economy attractions designed to encourage visitors to stay longer.

The company expects the average tourist stay in Ninh Binh could increase to four-five days once the complex is operational.

The firm said the project is intended to help reposition Ninh Binh as an international destination for tourism, entertainment and experiential travel rather than solely a cultural and heritage site.

It estimated that the development may contribute over VND35 trillion ($1.33 billion) in land-use fees to the state budget.

To support the project’s planning and design, ThaiGroup has partnered with U.S.-based architecture and urban planning firms Populous and Skidmore, Owings & Merrill (SOM).

Ninh Binh, located about 90 kilometers south of Hanoi, has emerged as one of Vietnam’s fastest-growing tourism destinations in recent years, benefiting from its UNESCO-recognized Trang An scenic landscape complex and limestone mountains. The province is also home to Bai Dinh Pagoda – one of the largest Buddhist temple complexs in Southeast Asia.

After an administrative merger with neighboring Ha Nam and Nam Dinh provinces last July, Ninh Binh province now spans 3,642 km2 with a population of over 4.4 million people.

According to the provincial tourism watchdog, Ninh Binh welcomed nearly 9.9 milion tourist arrvials in the first quarter of 2026, including one million foreign visitors.

ThaiGroup, formerly known as Xuan Thanh Group, was founded in 1976 by businessman Nguyen Duc Thuy, also known as “Bau Thuy.” It initially operated in construction and cement production before expanding into real estate, transportation, insurance and financial services.

Samil Pharmaceutical expands manufacturing footprint in Vietnam

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VOV.VN - The Republic of Korea’s Samil Pharmaceutical is expanding its operations in Vietnam to reduce production costs and seek new growth opportunities.

The move comes as the company’s Chairman Heo Seung Beom increases his shareholding to support the company’s third-generation leadership transition.

Established in 1947, Samil Pharmaceutical is widely known in the Republic of Korea for its children’s antipyretic medicine Brupen. It also manufactures and markets pharmaceuticals and nutraceuticals including Libact, Foributin and Monoprost.

Under its strategic shift, the company is increasingly focusing on overseas production. In 2022, Samil Pharmaceutical completed a contract development and manufacturing organisation (CDMO) facility in Vietnam specialising in ophthalmic products.

The plant spans about 24,800 square metres and has an annual production capacity of 330 million eye-drop units.

The company aims to take advantage of lower labour costs in Vietnam to strengthen its price competitiveness. However, the facility has not yet entered full-scale commercial production, as it awaits Good Manufacturing Practice (GMP) approvals in key target markets.

Following GMP certification from Vietnamese authorities in 2024, Samil Pharmaceutical is now seeking approval from the RoK’s Ministry of Food and Drug Safety in the second half of this year. The company said the approval process is expected to take around two to three months.


The unit prices under this Contract shall remain unchanged throughout the contract execution period

The unit prices under this Contract shall remain unchanged throughout the contract execution period

Việt Nam spent approximately US$2.93 billion importing nearly 3.37 million tonnes of petroleum products in the first quarter of 2026, an increase of 77.8 per cent in value and over 44 per cent in volume compared to the same period last year.

HÀ NỘI — Việt Nam's energy imports have increased sharply in the first three months of 2026, reflecting a rapid recovery in domestic consumption demand along with pressure to secure supply in the face of geopolitical instability and global energy price fluctuations.

Data from Việt Nam Customs shows that the country spent approximately US$2.93 billion importing nearly 3.37 million tonnes of petroleum products in the first quarter of 2026, an increase of 77.8 per cent in value and over 44 per cent in volume compared to the same period last year.

Aside from refined petroleum products, many other energy products also recorded a sharp increase, including coal imports, which rose by 76.4 per cent to nearly $2.8 billion, and crude oil, which surged by 381 per cent to $2.4 billion.

In the first half of April, the upward trend in imports continued, with import value of crude oil and petroleum products approaching $1.25 billion.

Experts attributed the sharp increase in energy imports this year to the rebound of domestic consumption in the wake of a recovered industrial production. The steel, cement, chemical, thermal power and transportation sectors have all recorded higher fuel consumption compared to the same period last year.

Meanwhile, domestic energy supply has not met demand. Domestic crude oil production has been declining for many years due to major fields entering a natural depletion phase.

At the same time, the country's two main refineries, Dung Quất and Nghi Sơn, although operating, are still insufficient to fully meet market demand, especially during periods of significant global oil price fluctuations.

Another factor causing the surge in energy imports was the impact of global geopolitical instability. Conflict in the Middle East in the first quarter caused international oil prices to surge at times, leading to escalating energy import costs. According to the Ministry of Industry and Trade, key businesses have had to significantly increase imports since March to ensure domestic supply and maintain safe inventory levels.

Experts forecast that the trend of sharply increasing energy imports will continue for the next few years as the economy maintains its high growth target, while many gas-fired power, petrochemical and heavy industry projects are put into operation. This will put a significant pressure on trade balance as well as national energy security strategy.


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