Vietnam eyes stronger cooperation with US
In this article (5)
Vietnam and the U.S. should further promote the Comprehensive Strategic Partnership more effectively and substantively, focusing on economic cooperation, said Prime Minister Pham Minh Chinh.
The PM made the statement at a reception in Hanoi on Wednesday for Chief Economist at the U.S. Department of State Emily Blanchard, who is on a working visit to Vietnam.
The two sides reviewed outstanding achievements in the bilateral ties, agreeing that the Vietnam – U.S. relationship has witnessed comprehensive, stable and substantive developments, bringing practical benefits to both countries and contributing to peace, stability, cooperation and development in the region and the world.
They emphasized the significance of the upgrading of the Vietnam – U.S. relationship to a comprehensive strategic partnership in September, saying that this will bring opportunities and practical benefits to both countries.
PM Chinh suggested the U.S. side continue cooperation with Vietnam in energy transition, climate change response, tourism and people-to-people exchange, handling of post-war consequences, and enhancement of national governance capacity, and increase scholarships to Vietnamese students.
He highly valued the U.S. government’s decision to consider recognizing Vietnam’s market economy status, urging the U.S. side to complete this process soon.
The two sides need to continue efforts to promote connection between their economies, promote harmonious and sustainable trade exchange, and facilitate investment cooperation between the two sides’ businesses, he said.
The PM proposed the U.S. continue to open the market to Vietnamese goods such as textiles, footwear, and electronics, and limit anti-dumping and anti-subsidy tax measures and other unnecessary measures on Vietnamese exports, especially farm produce, wooden products and items that directly impact jobs and livelihoods of people.
“relationship to a comprehensive strategic partnership in September, saying that this will bring opportunities and practical benefits to both countries.”
He affirmed that the Vietnamese Government will always accompany, support, and create an open, transparent, safe, and healthy business and investment climate for U.S. businesses to operate effectively in the country.
Blanchard agreed with the PM’s proposal on the need to concretize and effectively implement the new relationship framework between the two countries, especially promoting the above-mentioned key areas.
She highly valued of Vietnam’s outstanding achievements in economic growth, macroeconomic management, and inflation control, expressing her belief that with the increasingly improved investment and business environment in Vietnam, the country will attract more U.S. investors in the time to come.
There remains room for the two sides to expand cooperation further, she said, promising to continue to contribute to promoting and deepening the Vietnam-U.S. relations.
The U.S. is willing to share its experience in economic policy as well as how to coordinate to respond to fluctuations in the global economy effectively, she stated.
Questions & Answers
Q.What specific economic areas did the Vietnamese Prime Minister propose for continued cooperation with the U.S.?
What specific economic areas did the Vietnamese Prime Minister propose for continued cooperation with the U.S.?
PM Chinh suggested the U.S. Continue cooperating with Vietnam in energy transition, climate change response, and tourism. He also highlighted enhancing national governance capacity and providing more scholarships for Vietnamese students.
Q.What key request did Vietnam's Prime Minister make regarding market access for Vietnamese goods in the U.S.?
What key request did Vietnam's Prime Minister make regarding market access for Vietnamese goods in the U.S.?
The Prime Minister asked the U.S. To open its market to Vietnamese goods like textiles, footwear, and electronics. He also requested limiting anti-dumping and anti-subsidy measures on Vietnamese exports, particularly farm and wooden products.
Q.What is the U.S. Government's current position on Vietnam's market economy status?
What is the U.S. Government's current position on Vietnam's market economy status?
The U.S. Government is currently considering recognizing Vietnam’s market economy status. Prime Minister Chinh urged the U.S. Side to complete this process soon.
Q.What specific areas did Emily Blanchard believe demonstrated Vietnam's economic strength?
What specific areas did Emily Blanchard believe demonstrated Vietnam's economic strength?
Emily Blanchard valued Vietnam's outstanding achievements in economic growth, macroeconomic management, and inflation control. She expressed belief in the country's increasingly improved investment and business environment.
Reader pulse
Will this strengthened partnership significantly boost retail trade?
19,899 votes so far