Vietnam sees economic ties with US as driver for stronger partnership: PM
Vietnam sees economic ties with US as driver for stronger partnership: Prime Minister
The Government of Vietnam views the economic, trade, investment and financial relations with the US as a strong driver for boosting the bilateral comprehensive partnership, Prime Minister Pham Minh Chinh told US Trade Representative Katherine Tai in their Washington D.C meeting on May 12 morning (local time).
Prime Minister Pham Minh Chinh meets US Trade Representative Katherine Tai in Washington D.C on May 12 morning (local time) as part of his trip to the US. (Photo: VNA)
Hanoi (VNA) - The Government of Vietnam views the economic, trade, investment and financial relations with the US as a strong driver for boosting the bilateral comprehensive partnership, Prime Minister Pham Minh Chinh told US Trade Representative Katherine Tai in their Washington D.C meeting on May 12 morning (local time).
Chinh welcomed the US’s support for a strong, independent and prosperous Vietnam, saying Vietnam is pursuing a foreign policy of independence, self-reliance, multilateralisation and diversification of international relations.
Vietnam considers the US one of its top partners, the PM said, adding that Vietnam wants to together with the US deepen the bilateral comprehensive partnership and make it more practical and stable in the long term, on the basis of respecting each other’s independence, sovereignty, territorial integrity and political system, contributing to the global and regional peace, stability, cooperation and development.
He went on to say that Vietnam’s economy is growing well as it has entered the post-pandemic “new normal” phase thanks to the international donation of COVID-19 vaccines, a large volume of which came from the US via the COVAX Facility.
He expected enterprises of both sides will further enhance cooperation based on the harmony of interests and the sharing of risks and affirmed that Vietnam will continue developing an independent economy; deepening international economic integration; and promoting a selective investment policy, advanced technology, digital economy, renewable energy and diversification of supply chains.
The Vietnamese leader also highly spoke of the Office of the US Trade Representative’s efforts in accelerating trade between the two countries and resolving issues to prevent the two-way trade from disruptions.
Prime Minister Pham Minh Chinh speaks to US Trade Representative Katherine Tai in their Washington D.C meeting on May 12. (Photo: VNA)
He expressed his delight at the growth of the bilateral economic-trade relations, noting that the US’s exports to Vietnam reached 15.3 billion USD in 2021, up 11.7 percent from the previous year, making Vietnam the US’s leading trade partner in Southeast Asia.
He also welcomed the Office of the US Trade Representative’s attention to Vietnam’s concern over anti-dumping investigations on goods originating from Vietnam and looked forward to the US’s effective cooperation in this matter.
Vietnam hopes the US will facilitate Vietnamese exports and is ready to discuss with the US about its concerns anywhere and anytime, Chinh said.
US Trade Representative Tai, for her part, reiterated that the US will continue supporting Vietnam’s recovery post-COVID-19. She also highly valued the PM’s visit to the US, saying it marks a milestone for further strengthening the comprehensive partnership between the two sides.
She appreciated Vietnam’s commitments in its action plan as well as the effective operation of working groups in wood and monetary issues, saying she expects the two countries can foster the economic, trade, investment and financial relations more strongly and maintain a stable framework of trade and investment towards sustainable trade balance./.
Vietnam is a leading important partner of the US in the Southeast Asian region, said Elizabeth Freund Larus, Professor of Political Science and International Affairs at the University of Mary Washington while talking to the Vietnam News Agency's resident correspondents in Washington D.C.
PetroVietnam Gas JSC (PV Gas) and the AES Corporation of the US have been granted an investment certificate and a business registration certificate for the Son My liquefied natural gas (LNG) terminal project.
Minister of Industry and Trade Nguyen Hong Dien on May 11 (local time) accompanied Prime Minister Pham Minh Chinh in many activities in the US, including meetings with US partners operating in the field of energy.
Prime Minister Pham Minh Chinh and his Singaporean counterpart Lee Hsien Loong have agreed to promote high-level visits and meetings and maintain bilateral cooperative mechanisms during their meeting ahead of the ASEAN-US Special Summit in the US.
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.
Prime Minister Pham Minh Chinh meets US Trade Representative Katherine Tai in Washington D.C on May 12 morning (local time) as part of his trip to the US. (Photo: VNA)
Prime Minister Pham Minh Chinh speaks to US Trade Representative Katherine Tai in their Washington D.C meeting on May 12. (Photo: VNA) 
