Hanoi (VNA) – Politburo member, Head of the Party CentralCommittee's Economic Commission Tran Tuan Anh emphasised the huge potential forVietnam to lure abundant, high-quality investment from the US at his receptionfor US Treasury Secretary Janet Yellen in Hanoi on July 20.

Anh affirmed that Vietnam always attaches importanceto its relations with the US, saying major achievements and developments in thebilateral ties have brought substantive interests to and matchedaspirations of their people.

He noted that Vietnam and the US have signed many importantcooperation agreements, and are working actively to form the Indo-PacificEconomic Framework for Prosperity (IPEF), while closely coordinating in regionaland international forums like the Association of Southeast Asian Nations(ASEAN), the Asia-Pacific Economic Cooperation (APEC), and the World Trade Organisation(WTO).

He stressed that the bilateral economic ties are thrivingwith two-way trade hitting a record last year, and expressed his hope that thetwo sides will deepen cooperation in economy, science-technology, trade-investment,finance-banking, supply chains, infrastructure, logistics, digital economy,green transition, health care, sustainable agriculture, energy transition andenvironmental protection.

Anh called on the US Department of the Treasury to continuecoordinating with the Vietnamese side, and making objective and relevantassessments on Vietnam's monetary policy management, thereby facilitating thebilateral economic-trade-investment ties.

Yellen shared the host’s wish to deepen economic-trade-investment ties, and pointed to the potential for bilateral collaboration in just energy transition, pledging that the US and otherpartners stand ready to help Vietnam with capital and technology to accelerate theprocess.

She also suggested Vietnam mobilise multilateral sourcesof capital to achieve the set targets in this regard.  

The Treasury Secretary said the US wants to help Vietnam become an important link in building a diverse, sustainable supply chain, including in the semiconductor sector, and suggested the country take solutions to lure moreinvestment in this field.

The official held that once taking effect, the IPEF will contributeto intensifying trade and investment ties between the two countries.

She also hailed the close coordination between theState Bank of Vietnam and the US Department of the Treasury over the past twoyears in monetary issues, and showed her support for the Vietnamese centralbank’s efforts in modernising monetary and exchange rate policies./.