Chinas total investment in Vietnam has increased significantly

Data show that China's total investment in Vietnam this year has increased significantly, which is in sharp contrast to the slowdown in the United States' slow investment and trade in Vietnam.

According to Reuters on Friday (December 8), official data from Vietnam showed that in the first 11 months of this year, the total registered investment from mainland China and Hong Kong rose to $ 8.2 billion (about 10.9 billion yuan about S $ 10.9 billion) It was twice the same period last year, making China the largest investor in Vietnam.

In contrast, the registered investment in the United States has fallen from $ 700 million in 2022 to 500 million US dollars this year, making the United States in Vietnam the second only to the Pacific offshore center Samoa and the Netherlands and the Dutch No. 1 and the Netherlands.Top ten investment countries.

The total bilateral trade between the United States and Vietnam has also declined.In the first 10 months of this year, Vietnam's exports to the United States plummeted 15%to US $ 79.25 billion.During the same period, Vietnam's total exports to China increased by 5%to nearly 50 billion US dollars.

Vietnam is one of the fastest economic growth rates in Southeast Asia and one of the preferred destinations for global supply chain transfer.In the context of geopolitical competition, China and the United States have hoped to strive for influence in Vietnam.

Reuters last Friday (December 1) quoted senior Vietnamese officials and diplomats that China and Vietnam are discussing a major upgrade of Vietnam's lack of developed railway systems in orderAnd reach the railway route in the northern part of the country.

Chinese President Xi Jinping will visit Vietnam next week, and diplomats analyze that Xi Jinping may announce an upgrade of Sino -Vietnamese relations in this visit.

Despite the frequent economic exchanges, China ’s tough attitude and measures in the South China also worry Vietnam.The US President Biden also visited Vietnam in September this year, upgraded the US -Vietnam relations to a comprehensive strategic partnership, and reminded Beijing without named in a joint statement not to "threaten the use or use force" in the disputed waters.