Speaking at a reception for visiting US Treasury Secretary Janet Yellen in Hanoi on July 20, Prime Minister Pham Minh Chinh said Vietnam hopes to strengthen its comprehensive partnership with the US and supports the enhancement of the bilateral friendship and cooperation across spheres, prioritizing banking and finance.
He proposed that the two countries enhance connectivity between their economies and boost economic, trade, and investment cooperation, particularly in green growth, innovation, high technology, and supply chains.
The Prime Minister expressed his appreciation of the US side’s recognition of the SBV’s successful implementation of the action plan on exchange rate and information transparency, contributing to reinforcing cooperation between the two countries as well as between the SBV and the US Department of the Treasury.
Mrs. Yellen, for her part, said Vietnam is an increasingly important partner of the US and plays a key role in the country’s Indo-Pacific Strategy.
The US plans to enhance cooperation with Vietnam in supply chains and support the country to improve its capacity in semiconductor production and renewable energy, she said.
She supports and hopes for further dialogue with the State Bank of Vietnam (SBV) on monetary policy, exchange rates, and other macro-economic matters, as well as more cooperative activities between the two sides.
The US highly values and backs Vietnam’s efforts and solutions in energy transition, the implementation of the National Power Development Plan VIII, and the acceleration of the realization of the Just Energy Transition Partnership (JETP) through the mobilization of international financial sources, she said.
Two-way trade hit over $123 billion last year, making the US Vietnam’s second-largest trade partner and one of its most important export markets.
The US ranks eleventh out of the 142 countries and territories investing in Vietnam.
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