Vietnam welcomes agreement on exchange rate policy with US
Vietnam welcomes agreement on exchange rate policy with US: spokesperson
The Vietnamese Government welcomes the outcomes of the online talks on July 19 between Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong and US Secretary of the Treasury Janet L. Yellen as well as the agreement reached the same day between the SBV and the US Department of Treasury on exchange rate policy, spokesperson of the Vietnamese Foreign Ministry Le Thi Thu Hang said on July 20.
The Vietnamese Foreign Ministry's spokesperson Le Thi Thu Hang (Photo: VNA)
Hanoi (VNA) – The Vietnamese Government welcomes the outcomes of theonline talks on July 19 between Governor of the State Bank of Vietnam (SBV) Nguyen ThiHong and US Secretary of the Treasury Janet L. Yellen as well as the agreement reached the same day between the SBV and the US Department of Treasury on exchange rate policy, spokesperson ofthe Vietnamese Foreign Ministry Le Thi Thu Hang said on July 20.
The agreement reaffirms that Vietnam’s exchange rate policyis part of the general monetary policy framework, and consistent with thereality of the foreign currency market in the country and its internationalcommitments in this regard, with the goal of promoting macro-economic stability, not for creating an unfair competitive advantage in international trade, Hang said in reply to reporters' question.
This is the result of an effective dialogue and consultationprocess in the spirit of cooperation and mutual respect between the twocountries’ relevant agencies. This result also opens up opportunities forcloser collaboration between Vietnam and the US in financial and monetary affairsto promote post-pandemic economic growth, she stated.
The spokesperson went on to say that in the coming time, Vietnam will maintainconstructive dialogue with the US side to handle issues in economic, trade andinvestment relations between the two countries, thus contributing to developingbilateral economic relations more stably and sustainably, for the interests ofthe two countries’ people and businesses./.
The State Bank of Vietnam (SBV) has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of unpredictable impacts of the COVID-19 pandemic.
The US business community plays an important role in promoting economic partnership between Vietnam and the US, stated Deputy Prime Minister Pham Binh Minh at an online talks with US firms on June 30 to exchange visions, initiatives and solutions in promoting bilateral ties and supporting Vietnam in post-pandemic recovery and development.
The State Bank of Vietnam (SBV) pledges to continue fostering exchange rate flexibility while maintaining macroeconomic and financial market stability, so as to ease concerns from the US Department of Treasury about the country’s currency practices.
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.
The Vietnamese Foreign Ministry's spokesperson Le Thi Thu Hang (Photo: VNA) 
