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China and Vietnam have been in close contact on infrastructure cooperation projects and the deal can also be regarded as a model for win-win cooperation between the two countries as they have called for an alignment between China's Belt and Road initiative and Vietnam's "Two Corridors and One Economic Circle" plan.

The G20, a main forum for global economic and financial cooperation, accounts for around 85 percent of global GDP, 80 percent of world trade, and two-thirds of the human population.

Party, state and people-to-people diplomacy are the three pillars of Vietnamese diplomacy, Quan noted.

The situation is clearly win-win. China gets to upgrade its economy and partner countries get infrastructure with lower costs.

The Chinese side will also provide support for Jakarta to carry out reconstruction after forest fire and other relevant projects involving people's livelihood, Xi added.