Chinese President Xi Jinping asked for stronger commercial ties with neighboring Vietnam at the start of a five-day swing through Southeast Asia where Beijing presents itself as a source of economic stability in a context of uncertainty on American prices.
XI was welcomed Monday in Hanoi by the best leader in Vietnam in Lam. He also had interviews with Prime Minister Pham Minh Chinh. The two countries have signed 45 agreements, including the improvement of supply chains and cooperation on railways, Reuters reported.
In an editorial published in State Media, XI called the two communist neighbors to “resolutely safeguard the multilateral trading system, industrial chains and stable global supply and an open and cooperative international environment”.
“There are no winners in a trade war or a pricing war,” he wrote.
His visit comes while Beijing faces 145% of American tasks and shows little signs of setbacks on his own reprisals on American goods despite the impact of the confrontation on a Chinese economy dependent on exports.
Vietnam, on the other hand, is negotiating with the Trump administration to prevent American rates of 46% taking effect in July.
Vietnam directed the third trade surplus with the United States in 2024, only behind China and Mexico. Vietnam is under pressure from Washington to ensure that goods from China are not only transpired through Vietnam.
Trump considers prices as a way to stimulate American income and encourage American manufacturers. US officials have long accused China of massive subsidies in state states of national companies.
Critics, however, say that the sudden taxation of prices and uncertainty about the leadership of American policy could trigger not only a trade war but a recession.
A comment in the oral tip of the Chinese Communist Party, China Daily, described the Xi tour in Southeast Asia as “offering more certainty for regional economic development in the middle of chaos brought by the launch of the United States of a tariff war”.
XI made his second visit to Vietnam in two years. He went later this week to Malaysia and Cambodia.
Before the two days of Xi in Hanoi, the Vietnamese authorities intensified the surveillance of local dissidents and their families.
Does Thi Thu, wife of the imprisoned land rights activist, Trinh Ba Phuong, said that Hanoi police investigator called her last Thursday and then returned to her home, asked for his family and suddenly asked: “President Xi Jinping arrives in Vietnam. Are you going anywhere?”
On Monday, she said the police were rushing to her house. “Two people in the morning, two people at noon, one person in the afternoon and another person in the evening,” she told Vietnamese at the FRG.