INTERNATIONAL RELATIONS BETWEEN CHINA AND VIETNAM
International relations between China and Vietnam have experienced multiple ups and downs. Although both countries have Sino-spheric and socialist backgrounds, the heat and tensions have always been there between China and Vietnam. The major events that created more differences between both countries were the Saigon collapse (1975) and the reunification of the Vietnamese (1976). In the year 1979, China even attacked Vietnam, and this war was named the “Sino-Vietnam War,” which lasted till the year 1990. Post-war, both nations started working to improve their economic ties and relations.
As per the current scenario, China is Vietnam’s major and topmost trade partner. Out of the total exports made by Vietnam as per Vietnam Export Data reports, roughly 22.65% are made to China. On the other hand, if we refer to Vietnam import data of recent times, then almost 30% of total imports from Vietnam are done from China. After establishing the first-ever diplomatic relations between Vietnam and China, bilateral trade is increasing annually between both nations. A clear picture of the growing trade between Vietnam and China is shown below in the form of a table.
| BILATERAL TRADE TRENDS BETWEEN CHINA AND VIETNAM (2017-21) |
|---|
| YEAR |
| 2017 |
| 2018 |
| 2019 |
| 2020 |
| 2021 |
As per the table above, bilateral trade is also on the rise. Although China exports more to Vietnam, it has a positive trade balance, whereas Vietnam has had a negative trade balance in the past five years.
TOP 10 EXPORTS FROM VIETNAM TO CHINA – 2021
Let’s now focus on the kinds of goods that were exported the most from Vietnam to China in the year 2021 and are estimated to remain at the top positions in coming years too. So, as per Vietnam Export Data for the year 2021, the top 10 items exported from Vietnam to China were: