Vietnam eyes stronger cooperation with US

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, and 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.

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 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 further expand cooperation, 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 effectively respond to fluctuations in the global economy, she stated.