Techcombank launches CNY transactions as Vietnam China trade booms
Import export activities through border gates are expanding and modernising driving a growing need for foreign currency payments and cash flow management among businesses
Vietnam's foreign trade activities continued to soar in the first half of 2026, with total trade turnover reaching nearly $550 billion, a 27 percent increase year-on-year. Among these, exports surpassed $266.5 billion while imports climbed to $283.2 billion. China stood as Vietnam's largest import market, accounting for 41 percent of the country's total import turnover and nearly $115.2 billion in imports alone.
Vietnam's exports to China amounted to $38 billion, marking a surge of over 30 percent year-on-year, or roughly $8.78 billion more than the previous year.
As bilateral trade between the two nations expanded, businesses increasingly required payment services, foreign currency exchange, and cross-border cash flow management. In response, Vietnam-China bilateral trade reached a record high of more than $153.2 billion, driving infrastructure and customs clearance modernization. Smart border-gate models, such as those piloted in Lang Son and Quang Ninh, leverage technology to streamline cargo handling and import-export procedures, aiming to bolster clearance capacity and reduce time and costs for businesses.
Techcombank Vietnam is now offering CNY transactions to businesses engaged in import-export activities with China. This payment solution enables companies to conduct transactions for goods transported by road across the Vietnam-China border gates and receive or transfer funds directly at Techcombank. Businesses can make these transactions at over 30 Techcombank branches and through the Techcombank Business platform for digital banking needs.
The bank is rolling out a promotional program for eligible corporate clients, offering CNY exchange rate incentives of up to 45 points and waiving international transfer fees through December 31. These incentives aim to help businesses optimize transaction costs and gain greater flexibility in their Vietnam-China trade operations.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
