China, Vietnam to fulfill trade target of $100b in 2016

HANOI - The target of $100 billion in the bilateral trade revenue between China and Vietnam is to be reached in 2016, said an official of the Chinese embassy on Tuesday.

Speaking with Chinese and Vietnamese reporters, Hu Suojin, the commercial counselor, said the bilateral trade revenue between China and Vietnam hit $95.8 billion in 2015, a growth of 14.6 percent year-on-year.

Among members in the Association of Southeast Asian Nations (ASEAN), Vietnam ranked the second in the list of China's major trade partners following Malaysia.

"It is expected that there will be a breakthrough this year in bilateral trade revenue and Vietnam will become the biggest trade partner of China in the ASEAN," Hu said.