September 09, 2023 | 13:30 GMT+7

US President Biden to visit Vietnam on September 10-11

Vy Vy -

High priority is being given by both sides to Vietnam-US cooperation in trade and investment.

Deputy Minister of Foreign Affairs Ha Kim Ngoc addresses the media about the upcoming visit by US President Joe Biden.
Deputy Minister of Foreign Affairs Ha Kim Ngoc addresses the media about the upcoming visit by US President Joe Biden.

Vietnam and the US will continue to give high priority to bilateral cooperation in economics, trade, investment, and science and technology and innovation after the State visit to Vietnam by US President Joe Biden on September 10 and 11, according to Deputy Minister of Foreign Affairs Ha Kim Ngoc.

These fields are considered drivers of the relationship between the two countries, Mr. Ngoc told the press prior to President Biden’s visit.

Both will also focus cooperation on supply chains, developing infrastructure, training high-quality human resources, energy transition, the digital economy, and the green economy.

Science and technology and innovation will be breakthrough fields of cooperation. The two countries will concentrate on developing digital platforms, a semiconductor ecosystem, and the application of artificial intelligence, Deputy Minister Ngoc said.

Attention will also be paid to energy transition, biotechnology, healthcare, and pharmaceuticals, he added.

Two-way trade has seen remarkable and impressive growth since the normalization of bilateral relations, rocketing from $450 million in 1995 to $123 billion last year.

Vietnam has become the US’s seventh-largest trade partner and its largest in ASEAN. Since 2022, the US has been Vietnam’s largest export market, with $100 billion worth of imports.

The US has also been one of the leading investors in Vietnam, at over $11 billion last year, excluding investments via US company branches in third countries.

Several Vietnamese firms have also invested billions of dollars in the US.

Attention
The original article is written and published on VnEconomy in Vietnamese only. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
VnEconomy is not responsible for the translation.

Google translate