Economic and Trade Situation between Vietnam and China in 2024
Vietnam and China's Economy in 2024
In 2024, Vietnam's economy recorded a strong recovery with GDP growth of 6.8%. The industrial, service, and agricultural sectors all experienced positive growth, especially the export sector. Meanwhile, China's economy faced many challenges due to real estate downturns and local budget crises, but still achieved a GDP growth of 4.6%.
Trade between Vietnam and China in 2024
The total trade turnover between Vietnam and China reached 205 billion USD. Vietnam exported key items to China such as phones, electronic components, machinery, equipment, and agricultural products. Conversely, Vietnam imported products from China such as machinery, equipment, production materials, and consumer goods.
Economic and Trade Forecast for 2025
Vietnam and China's Economy in 2025
In 2025, Vietnam's economy is expected to continue its strong growth with an estimated GDP growth of 7%. High-tech industries, green energy, and sustainable development will play important roles in driving growth. China's economy is expected to grow by 4.5% due to the impact of trade tensions with the US and internal issues such as real estate downturns and public debt.
Trade between Vietnam and China in 2025
The trade turnover between Vietnam and China is expected to exceed 200 billion USD. However, US-China trade tensions may affect the import-export activities of both countries. Vietnam needs to take advantage of incentives within cooperation frameworks such as RCEP and CAFTA to maintain and develop bilateral trade.
Transportation Solutions from China to Vietnam by Hương Nam Logistics
Hương Nam Logistics provides various transportation solutions from China to Vietnam to meet the diverse needs of customers. Here are some key solutions:
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Sea Freight: This is the most common and cost-effective method for large shipments. Hương Nam Logistics has an extensive network of partners at major seaports in China and Vietnam, ensuring safe and timely transportation of goods.
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Road Transport: For smaller shipments or urgent deliveries, road transport is a suitable option. Hương Nam Logistics uses road routes through border gates such as Hữu Nghị and Móng Cái to transport goods efficiently.
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Rail Transport: This method combines speed and reasonable cost. Hương Nam Logistics exploits rail routes connecting China and Vietnam, helping to reduce transportation time and costs compared to road transport.
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Air Freight: For urgent or high-value shipments, air freight is the optimal choice. Hương Nam Logistics partners with major airlines to ensure quick and safe transportation of goods.
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Customs Services: Hương Nam Logistics provides professional customs services, helping customers complete customs procedures quickly and accurately, minimizing risks and additional costs.
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Warehousing Services: Hương Nam Logistics has modern warehousing systems at key transshipment points, helping to store and manage goods efficiently before transporting them to their final destination.
These solutions help Hương Nam Logistics comprehensively and effectively meet the transportation needs from China to Vietnam.
