International trade is an important driving force for a country's economic development. However, with the development of the COVID-19 and Sino US trade frictions, the development of international trade and economic globalization in recent years have faced many challenges. However, the author still need to recognize that economic globalization is still an objective trend in the development of the world economy. At present, ASEAN has become China's largest trading partner, and Vietnam, as a member of ASEAN, has climbed to the position of China's sixth largest trading country. At the same time, China is also Vietnam's largest trading partner, and China Vietnam trade has become an important driving force for Vietnam and even China's economic development. At the same time, the establishment of RCEP has injected new vitality into the development of China Vietnam trade. This article analyzes the promoting effect of China Vietnam trade on Vietnam's economic development by studying China's economic transformation, the impact of RCEP, and trade frictions between China and the United States. This article mainly consists of three parts. The first part introduces the current situation of Vietnam's trade, analyzes its main trade objects and trade categories. The second part introduces China's economic transformation, the impact of RCEP, and the promoting effect of trade frictions between China and the United States on Vietnam's economic growth. The third part is a summary and conclusion of the entire article.