The Research on the Development of Trade Settlement between Yunnan China and Vietnam

The way of trade settlement is changing with the development of cross-border trade between Yunnan China and Vietnam.Going through the cash settlement,bank settlement and RMB settlement,the way of trade settlement between those two places has become the exchange of stall bank currently.Yunnan Province is one of the pilot bases where Chinese cross-border trade settlements are firstly implemented.Yunnan tried the drawback of the RMB settlement of exports in small amount of border trade on January 1st 2004,which boosts the cross-trade cooperation’s enthusiasm and expands exports from Yunnan to Vietnam.At the same time,it widens the use of RMB in the border.However,the disadvantages are also inevitably existed among those advantages.Building Yunnan as an important bridgehead to other countries in southwest of China brings Yunnan a golden opportunity of development.This article reviews the history of trade settlements between Yunnan China and Vietnam,researches the background and development of cross-border RMB settlement.In this article,the problems existed in Sino-Vietnam trade settlements are analyzed,the methods to solve the problems are also suggested to guarantee a good RMB currency circulation in the Sino-Vietnam border and to promote a sustainable trade development between Yunnan China and Vietnam as well.