President Trần Đại Quang has reiterated that Việt Nam attaches great importance to developing stable, healthy and sustainable relations with China, and thanked the Chinese Party, State and people for their assistance during the country’s revolutionary stages.

Legislators approved a resolution on the five-year financial plan with 86.64 percent of “yes” votes during the ongoing second meeting of the 14th National Assembly on November 9.

Party General Secretary Nguyễn Phú Trọng suggested Việt Nam and China make greater efforts to implement the common perceptions reached between their senior leaders, maintain regular high-level meetings and discussions, and effectively uphold co-operation mechanisms.

President Trần Đại Quang had separate meetings with newly-accredited ambassadors following their presentation of credentials to the Vietnamese leader yesterday.

The third Việt Nam-China Youth Festival kicked off at the Hữu Nghị (Friendship) International Border Gate in Việt Nam’s northern province of Lạng Sơn yesterday, bringing together thousands of young people from the two countries.

Delegations from Việt Nam and China discussed the potential for trade and tourism cooperation between the two countries in a meeting held on Wednesday morning in Hà Nội.

State budget overspending will be reduced to below 3.5 per cent of GDP by 2020, while public debts, government debts and the country’s foreign debts will not exceed 65 per cent, 54 per cent and 50 per cent, respectively, of GDP annually in 2016-2020.

Party General Secretary Nguyễn Phú Trọng yesterday called on Việt Nam and Ireland to step up co-operation in many areas including agriculture, clean energy, high technology and climate change adaptation.

The Vietnamese parliament always wishes to promote co-operation with the National People’s Congress of China towards increasing mutual understanding and trust between the two countries, National Assembly Chairwoman Nguyễn Thị Kim Ngân said yesterday.