Chinese Premier Li Qiang will pay an official visit to Vietnam from October 12-14 at the invitation of Prime Minister Pham Minh Chinh, the Ministry of Foreign Affairs announced on October 8.

The two countries agreed to upgrade their ties to comprehensive strategic cooperative partnership in 2008 on the occasion of the visit to China by then General Secretary of the Communist Party of Vietnam Central Committee Nong Duc Manh.

The two-way trade turnover between the two countries reached $171.9 billion in 2023, making Vietnam the fourth biggest trading partner of China after the US, Japan, and South Korea.

Last year, China's investment in Vietnam increased by 77.6% against the figure in 2022, to $4.47 billion, ranking fourth among countries and territories investing in the country.