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China always ensures that the foreign aid is mutually beneficial, taking into consideration the financial sustainability of the recipients when carrying out aid projects, he added.

17.Memorandum of Understanding on Renminbi Clearing Arrangement

This year marks the 40th anniversary of China's reform and opening up, as well as the 10th anniversary of the China-Vietnam comprehensive strategic cooperative partnership, Li said, calling on the two countries to jointly promote comprehensive win-win cooperation, especially in the alignment of the Belt and Road Initiative and the "Two Corridors and One Economic Circle" plan, to build a community with a shared future of strategic importance.

Kohara said that steady development of bilateral ties is in the interests of both countries as well as the region.

"Our bilateral relations have stood the test of changing international circumstances and set an example of solidarity and cooperation for common development between the two emerging economies and developing countries," he said.