World

ASEAN-China trade reach over 481 billion USD in nine months of 2020

Trade between the Association of Southeast Asian Nations (ASEAN) and China in the first three quarters of the year reached 481.8 billion USD, accounting for one seventh of China's foreign trade, said Chinese Ambassador to ASEAN Deng Xijun.
ASEAN-China trade reach over 481 billion USD in nine months of 2020 ảnh 1Illustrative image (Source: xinhua/VNA)

Hanoi (VNA) – Trade between the Association of Southeast AsianNations (ASEAN) and China in the first three quarters of the year reached 481.8billion USD, accounting for one seventh of China's foreign trade, said ChineseAmbassador to ASEAN Deng Xijun.

"It grew by 5.6 percent in the second quarter and 7.7 percent in the thirdquarter, much faster than that between China and other trading partners," China’sXinhua news agency quoted the diplomat as saying at the Third Jakarta Forumunder the theme of "Reinforcing Regional Economic Recovery amid COVID-19",organised by the Foreign Policy Community of Indonesia (FPCI) on November 2.

ASEAN became China's biggest trading partner in the first half of this year,accounting for 14.7 percent of the nation's total foreign trade volume.

According to Deng, this year, China has already made 10.7 billion USD of directinvestment in ASEAN countries, up by 76.6 percent.

2021 will be the 30th anniversary of the ASEAN-China dialogue relations./.
VNA
#ASEAN-China trade#ASEAN#China#nine months of 2020#xinhua#Vietnam#Vietnamplus#Vietnam News Agency
Follow VietnamPlus

Related News

ASEAN-China digital trade centre to boost cooperation

ASEAN-China digital trade centre to boost cooperation

The Association of Southeast Asian Nations (ASEAN) and China's Guangxi Zhuang Autonomous Region have rolled out a plan to build a China-ASEAN Digital Trade Centre for boosting regional digital economic cooperation.
ASEAN, China boost trade links

ASEAN, China boost trade links

Economic ministers from ASEAN member countries held a meeting with representatives from China’s Ministry of Commerce on August 27.
ASEAN - China trade turnover surges in first eight months

ASEAN - China trade turnover surges in first eight months

The Association of Southeast Asian Nations (ASEAN) has maintained its position as China’s leading trade partner with two-way trade hitting 416.6 billion USD in the January-August period, according to the General Administration of Customs of China.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.