The decision came after talks between Vietnamese Premier Nguyen Xuan Phuc and his Chinese counterpart Li Keqiang here.
Phuc's visit to China is the first by a top Vietnamese leader after the tribunal verdict on July 12.
China had rejected the verdict by The Hague-based tribunal, which has said that "although Chinese navigators and fishermen, as well as those of other states, had historically made use of the islands in the South China Sea, there was no evidence that China had historically exercised exclusive control over the waters or their resources."
State-run Xinhua reported that China and Vietnam have agreed "to properly manage maritime differences and further enhance bilateral substantial cooperation" after Phuc-Li talks last night.
Li and Phuc witnessed the signing of agreements on economy and trade, production capacity, infrastructure and education, the report said, without giving details.
Chinese Vice Foreign Minister Liu Zhenmin told reporters that the two leaders had a "good" conversation and the new government of Vietnam shows "positive willingness" to further develop relations with China.
"China and Vietnam need to work together to abide by agreements reached by the leaders of the two countries, safeguard stability in the South China Sea, and build consensus to advance bilateral ties and safeguard maritime and regional peace," Li said.
Phuc said Vietnam would like to properly resolve maritime issues with China in the spirit of equality and mutual respect and in a peaceful way, the report said.
He suggested the two sides manage their differences, conduct maritime cooperation in areas of low sensitivity and maintain a stable situation in the South China Sea to prevent the maritime issue from casting a shadow over bilateral ties.
His visit to China comes in the back drop of this month's visit to Hanoi by Prime Minister Narendra Modi during which the two countries agreed to step up their ties form strategic partnership to a "comprehensive strategic partnership".
Officials here say by stepping up ties with India, US and Japan, the Communist Vietnam is trying to balance ties to increase leverage with China.
(Reopens FES 91)
In his meeting with Phuc today, President Xi Jinping said China and Vietnam should solve the SCS dispute through talks.
Both sides should use the current negotiation mechanisms to actively push the follow-up work of joint exploration of waters outside the Beibu Gulf, Xi said.
He called on the two countries to achieve substantial progress on the joint development of wider areas of the South China Sea at an early date and transform maritime challenges into opportunities for cooperation.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
