Secretary-General of the ASEAN-China Center Shi Zhongjun. (Photo:VNA)

This assessment was made by Shi Zhongjun, Secretary-General of the ASEAN-China Centre (ACC), in a recent interview with the press in Beijing.

Shi said both ASEAN and China are fast-growing economies, with Vietnam emerging as a regional growth leader that boasts a large market potential and strong development capacity. Vietnam possesses distinct advantages such as a sizeable domestic market, a young and abundant workforce, and a high economic growth rate. Meanwhile, China holds strengths in science, technology, a complete industrial chain and an extensive industrial market.

According to Shi, the two countries can complement each other in multiple areas, especially in industrial cooperation, technological innovation and green development. He stressed that “Vietnam and China both have unique advantages in economic and industrial cooperation, and there remains vast potential for co-operation.”

Commenting on Vietnam’s investment environment, Shi highlighted two major points. First, Vietnam is a peaceful country with a stable investment environment and consistent policies, which build confidence among foreign investors.

Second, Vietnam has adopted a government-led development model, in which the government actively supports, removes obstacles and provides practical services to enterprises during the investment attraction process. He said, “This approach represents a particular advantage of Vietnam and has become an outstanding strength in recent years.”

The ACC Secretary-General noted that after years of development, Vietnam’s economy and governance capacity have reached a certain level, enabling the country to enter a new stage of technological innovation, growth model transformation and sustainable development.

Shi also expressed his expectation that in the coming time, more Chinese enterprises will come to Vietnam to learn, cooperate and grow together, thereby enhancing industrial capacity and contributing to the shared prosperity of both economies.

He remarked, “In the context of rapidly advancing science and technology, both countries should uphold the spirit of creativity and innovation in their economic cooperation,” adding his belief that China-Vietnam co-operation will deepen and yield more practical benefits for both sides.