Economic ties – a momentum for Vietnam-US relations: official
Economic and trade partnerships remain a focus of and a momentum for Vietnam-US relations, National Assembly (NA) Vice Chairman Phung Quoc Hien told representatives of the US-ASEAN Business Council.
NA Vice Chairman Phung Quoc Hien (R) and Alexander C Feldman, President of the US-ASEAN Business Council (Photo: daibieunhandan.vn)
Hanoi (VNA) – Econom⛄ic and trade partnerships remain a focus of and a momentum for Vietnam-US relations, National ಞAssembly (NA) Vice Chairman Phung Quoc Hien told representatives of the US-ASEAN Business Council.
He met with a delegation of the council led by its President Alexander C Feldman at the parliament’s headquarters in Hanoi on August 25.
Hien appreciated practical and effective contributions by US and ASEAN enterprises to Vietnam, noting that his NA has continually provided the best possible conditions for foreign investments, including that from the US.
He assured that the Vietnamese parliament is working to fine-tune the legal system, which includes laws pertaining to the market economy mechanism.
He asked US companies operating in Vietnam to pay more heed to environmental protection and social responsibility while helping the host nation in manpower training and technology transfer.
Regarding the Trans-Pacific Partnership (TPP) agreement to which both Vietnam and the US are parties, the Vice Chairman said the local legal system is being aligned with the TPP and the NA will consider approving the trade pact as soon as possible.
He added he hopes the US will also ratify the deal soon to meet the shared economic and political interests of the member nations.
For his part, Alexander C Feldman highly valued the role of Vietnam’s parliament in promoting the local economy, along with the optimal conditions given to the US’s investment and business activities.
He also wanted the NA to ratify the TPP in the near future to generate more opportunities for respective enterprises’ cooperation, thereby fostering the two countries’ overall relations.-VNA
The US Department of Agriculture (USDA)’s Animal and Plant Health Inspection Services (APHIS) has proposed allowing the import of fresh mangoes from Vietnam into the US.
US enterprises are considering Vietnam as a priority market in the ASEAN region for their business and investment expansion in 2017, according to he 2017 ASEAN Business Outlook Survey.
There’s plenty of room for cooperation between Vietnam and the US despite slow enforcement of the Trans-Pacific Partnership (TPP) agreement, Vietnamese Ambassador to the US Pham Quang Vinh said.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
Senior Vietnamese leaders on June 19 sent letters of congratulations to New Zealand leaders on the occasion of the 50th founding anniversary of Vietnam – New Zealand diplomatic relations (June 19, 1975 – 2025).
The Party chief attributed the achievements in the first half to the continuous, direct, and comprehensive leadership of the Politburo and the Secretariat of the Party Central Committee, and the close and effective coordination of relevant ministries, sectors and localities.
General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence reaffirmed Vietnam’s unwavering gratitude for Cuba’s invaluable support during its struggle for independence and nation-building efforts, and pledged to stand shoulder-to-shoulder with Cuba as it navigates current challenges.
Vietnam is a country with which Russia shares a special relationship. In the 1950s and 60s, particularly during Vietnam’s struggle for independence, the two countries forged a deep bond. While much has changed over time, the friendship and cooperation between our nations have endured, said Russian President Vladimir Putin.
For 50 years, Vietnam and New Zealand have worked together to uphold peace and prosperity for their peoples and the region. The friendship, cooperation, and mutual understanding Vietnam and New Zealand nurtured have grown from a seed into a deeply rooted, strong, and thriving tree, she stressed.
Since the Strategic Partnership was established in 2020, Vietnam and New Zealand have witnessed steady growth in the relations. Beyond the remarkable 40% increase in bilateral trade over five years, political relations and multilateral interactions, particularly within the CPTPP framework, have remained highly positive.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
NA Vice Chairman Phung Quoc Hien (R) and Alexander C Feldman, President of the US-ASEAN Business Council (Photo: daibieunhandan.vn)
