Vietnam, US to augment ties in economy-trade investment, defence
Deputy Prime Minister and Foreign Minister Pham Binh Minh (R) meets with US Commerce Secretary Wilbur Ross in Washington DC on May 23 (Photo: VNA)
Talking to Treasury Secretary Steven Mnuchin, Deputy PM and Foreign Minister Minh affirmed that Vietnam has been improving its investment climate, and it encourages US companies to invest and do business in the country. He also proposed that the two sides continue handling issues of shared concern in the spirit of promoting win-win trade.
Secretary Mnuchin agreed to keep fostering economic, trade and investment ties, considering these as a foundation for the two countries’ relations. He also appreciated Vietnam’s active sharing of information and settlement of some priority economic-financial issues.
At another meeting, the Vietnamese official and Commerce Secretary Wilbur Ross reviewed the progress in bilateral economic-trade links.
To support the upward trend of these partnerships, they agreed to continue optimising available cooperation mechanisms, including the Trade and Investment Framework Agreement, while negotiating new, stable and long-term economic-trade frameworks that match the characteristics and scale of the two countries’ economic ties and overall relations.
Meeting with Acting Defence Secretary Patrick Shanahan, Deputy PM and Foreign Minister Minh appreciated the US Department of Defence for allocating part of its budget for the dioxin remediation project at Bien Hoa airbase, which was officially launch in April this year.
The two sides agreed to further enhance cooperation under the 2011 memorandum of understanding on defence cooperation and the 2015 joint vision statement on defence cooperation, including in marine security, unexploded ordnance clearance, the Bien Hoa airbase dioxin remediation project, support for Agent Orange/dioxin victims, and search for Vietnamese soldiers missing in action.
The Vietnamese official also met with Eliot Engel, Chairman of the US House of Representatives’ Committee on Foreign Affairs. Engel emphasised his support for the two countries’ comprehensive partnership, affirming that the US congress will continue supporting budget allocation for cooperation with Vietnam in war consequence settlement, especially the Bien Hoa airbase dioxin remediation project and supporting persons with disabilities.
He noted that the US congress pays attention to the East Sea situation and supports the maintenance of freedom, safety and security of navigation and aviation, as well as the peaceful handling of disputes on the basis of international law, including the 1982 UN Convention on the Law of the Sea.
Receiving Executive Vice President of the AES Corp. Gustavo Pimenta, Deputy PM and Foreign Minister Minh reiterated that the Vietnamese Government always creates the best possible conditions for US businesses to operate, especially in the field of energy. He expressed his belief that the AES’s investment projects in Vietnam will be successful and help attract more projects of US firms to the Southeast Asian nation.
Related News
Vietnam, Korea Customs sign AEO MRA
11:07 | 26/12/2024 Customs
Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2024
15:18 | 19/12/2024 Customs Statistics
Prioritizing semiconductor workforce training
09:16 | 15/12/2024 Headlines
Total import-export turnover reaches US$715.55 billion in 11 months
10:23 | 13/12/2024 Import-Export
Latest News
Việt Nam establishes central steering committee to lead innovation and digital transformation
15:48 | 26/12/2024 Headlines
Ho Chi Minh City: Diversifying forms of support for businesses exporting goods
09:42 | 25/12/2024 Headlines
Year-end stimulus expected to boost economic growth
14:13 | 23/12/2024 Headlines
Enterprises focus on Tet care for employees
18:59 | 22/12/2024 Headlines
More News
Experts point out economic growth drivers, challenges for next year
18:57 | 22/12/2024 Headlines
Việt Nam’s GDP growth to outpace region peers: Oxford Economics
20:30 | 21/12/2024 Headlines
PM asks efforts to achieve more than 8 per cent economic growth in 2025
20:27 | 21/12/2024 Headlines
Việt Nam's administrative restructuring will not impact foreign investors, says Foreign Ministry
20:25 | 21/12/2024 Headlines
Vietnam’s GDP growth to outpace region peers: Oxford Economics
09:39 | 20/12/2024 Headlines
Government Party Organisation must be elite, streamlined, ensure effective operations: PM
09:34 | 20/12/2024 Headlines
Vietnam among Asia’s 15 largest economies
15:42 | 19/12/2024 Headlines
Chinese media praises Vietnam’s economic achievements, outlook
15:40 | 19/12/2024 Headlines
Vietnam International Defence Expo 2024 opens
15:37 | 19/12/2024 Headlines
Your care
Việt Nam establishes central steering committee to lead innovation and digital transformation
15:48 | 26/12/2024 Headlines
Ho Chi Minh City: Diversifying forms of support for businesses exporting goods
09:42 | 25/12/2024 Headlines
Year-end stimulus expected to boost economic growth
14:13 | 23/12/2024 Headlines
Enterprises focus on Tet care for employees
18:59 | 22/12/2024 Headlines
Experts point out economic growth drivers, challenges for next year
18:57 | 22/12/2024 Headlines