Vietnam seeks cooperation with US to develop healthy stock market
Vietnam expects the US to share its experience in developing the financial market in a healthy, safe, and transparent manner, to contribute to national macroeconomic stability, Prime Minister Pham Minh Chinh told the US Secretary of the Treasury Janet Yellen on May 11 (US time) during his visit to the country.
Prime Minister Pham Minh Chinh (right) meets with the US Secretary of the Treasury Janet Yellen on May 11 (US time) during his visit to the country. (Photo: VNA)
Washington D.C. (VNA) — Vietnam expects the US to share itsexperience in developing the financial market in a healthy, safe, andtransparent manner, to contribute to national macroeconomic stability, PrimeMinister Pham Minh Chinh told the US Secretary of the Treasury Janet Yellen on May 11 (US time) during his visit to the country.
On the basis of the comprehensive partnership between Vietnamand the US, cooperation between the two countries in economy, trade, financeand currency has made positive progress, PM Chinh said at a meeting withSecretary Yellen while in the US attending the US-ASEAN summit at theinvitation of US President Joe Biden.
He emphasised that Vietnam wishes to build an independentand self-reliant economy with sustainable development and deep integration,adding that stabilisation of the macroeconomy plays a very important role.
PM Chinh thanked the US for cooperation and support inmanaging and stabilising the foreign exchange market, contributing to Vietnam’smacro stability.
He also mentioned the complex impacts on economies stemmingfrom global instabilities such as strategic competition, pandemic, climatechange, conflict and economic development, and armed conflicts.
In response to these issues, he noted, it is necessary touphold internationalism and multilateralism with a balanced and just approach.
PM Chinh added that each country needs to build anindependent and self-reliant economy derived from its own internal resourcesand strengths.
Prime Minister Pham Minh Chinh meets with the US Secretary of the Treasury Janet Yellen on May 11 (US time) during his visit to the country. (Photo: VNA)
The Vietnamese leader proposed that the US Government andUS Department of the Treasury closely support and cooperate with Vietnam ineconomic development, handling global challenges, including energy transition,and fulfilling commitments at COP26.
He also suggested the US side to cooperate with Vietnam tobuild regional economic mechanisms, and stabilise trade relations and supplychains.
US Secretary of the Treasury Yelle affirmed that the US iswilling to deepen economic - trade - investment relations between the twocountries, including cooperation in banking and finance.
She said she highly appreciates Vietnam’s flexible exchangerate management and its consistency in pursuing the goal of controllinginflation and stabilising the macro-economy.
Secretary Yelle affirmed that, through global and regionalfinancial institutions, the US will coordinate with developed countries tosupport developing countries, including Vietnam, in the areas ofinfrastructure, infectious disease prevention and control, energy transition,and climate change response.
She added that the US is willing to share experiences andsupport Vietnam in capacity building and mechanisms to effectively developcapital and real estate markets./.
Prime Minister Pham Minh Chinh arrived in Washington D.C. on May 11 morning (local time), starting his seven-day trip to attend the Special ASEAN-US Summit and a working visit to the US and the United Nations.
A Malaysian expert in international affairs has highlighted the significance of the Special ASEAN - US Summit, which will mark the 45th anniversary of the two sides’ dialogue relations.
Prime Minister Pham Minh Chinh delivered a presentation at the Centre for Strategic and International Studies (CSIS) in Washington D.C on May 11 (local time) as part of activities during his working visit to the US, spotlighting sincerity, trust and responsibility for a better world.
Prime Minister Pham Minh Chinh had a meeting with his Cambodian counterpart Hun Sen on May 11 (local time) on the occasion of attending the Special ASEAN-US Summit and his working visit to the US and the United Nations headquarters.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
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.
Prime Minister Pham Minh Chinh (right) meets with the US Secretary of the Treasury Janet Yellen on May 11 (US time) during his visit to the country. (Photo: VNA)
Prime Minister Pham Minh Chinh meets with the US Secretary of the Treasury Janet Yellen on May 11 (US time) during his visit to the country. (Photo: VNA) 
