Sino-Vietnamese joint statement: Exploring the expansion of the scope of local currency settlements and enhancing the ability to resist financial risks.

The joint statement between the People's Republic of China and the Socialist Republic of Vietnam on the continued deepening of comprehensive strategic partnership in the new era and the promotion of building a higher-level, strategically significant China-Vietnam community of shared destiny has been announced. It proposed to utilize the working group on financial and monetary cooperation between the two countries to strengthen information communication and experience sharing on policy regulation and reform in the financial and monetary fields, effectively implement cross-border QR code interconnection cooperation, explore expanding the scope of local currency settlement, and enhance the ability to resist financial risks.