Today: 23/09/2023 08:23:02 (GMT+7)

US ranks among Vietnam’s top trade partners

Minister of Industry and Trade Nguyen Hong Dien has hailed the US as one of the top trade partners and importers of Vietnam during a recent reception in Hanoi for US Trade Representative Katherine Tai.

Tai has been on her first visit to Vietnam and the first visit at the economic ministerial level of President Joe Biden’s administration.

The visit marks the start of activities in celebration of the 10th founding anniversary of the Vietnam-US comprehensive partnership this year.

US, Vietnam, top trade partners, comprehensive partnership, digital transformation,  green growth, stability and development

Last year, two-way trade between Vietnam and the US surpassed 123 billion USD, up 11% year on year.

Dien underlined the two countries’ potential of cooperation in climate change response, energy transition, digital transformation and green growth.

Vietnam supports efforts to deepen the bilateral relations, as well as multilateral cooperation mechanisms and initiatives led by the US that are beneficial to ensuring global and regional peace, stability and development, including the Indo-Pacific Economic Framework for Prosperity (IPEF), he said.

The minister suggested Tai continue upholding her role as an important bridge between the two governments to strengthen the Vietnam-US comprehensive partnership.

He also proposed the US soon materialise its commitments to supporting Vietnam and countries in delivering on international agreements on climate change response, including the Declaration on the Just Energy Transition Partnership.

Vietnam is ready to partner with the US to successfully hold the APEC Year 2023, he said.

Tai, for her part, said there will be more activities in the US-Vietnam relations this year. She vowed to work closely with Vietnam on e-commerce and spoke highly of Vietnam’s participation in regional economic connectivity over the past years.

The US will give priority to strengthening cooperation frameworks to build efficient and sustainable economic and investment ecosystems, thereby creating a new driving force for regional economic development, she said.

The major priority of the US Government is to promote sustainable, resilient and inclusive trade recovery and economic growth on the basis of lessons learned from the recent Covid-19 response, she said.

Tai also shared priorities and plans for the APEC Year 2023 hosted by the US and mentioned basic contents of the IPEF.

The host and guest discussed bilateral cooperation within the APEC framework, basic contents of the IPEF, sub-regional cooperation and joint work in climate change response, energy transition and digital transformation.

They highlighted the significance of promoting free, open, fair trade in accordance with international law as well as sustainable and inclusive growth in the region in which ASEAN countries play a central role.

Last year, two-way trade between Vietnam and the US surpassed 123 billion USD, up 11% year on year.

More than 4.4 trillion VND spent on caring for trade union members and workers during Tet
Labour federations across the country have spent more than 4.4 trillion VND on organising activities and presenting gifts to over 6.5 million trade union members and workers on the occasion of the Lunar New Year (Tet) festival.
Vietnam-Australia trade hits record high in 2022
Two-way trade between Vietnam and Australia enjoyed a record year-on-year growth of 26.91% to 15.7 billion USD in 2022, according to the Vietnam Trade Office in Australia.
Conference seeks more opportunities for Vietnam-Guangxi trade cooperation
The Department of Commerce of China’s Guangxi province, in collaboration with the Vietnamese Ministry of Industry and Trade’s Asia-Africa Market Department and Vinexad Company, held a Guangxi-Vietnam trade and economic cooperation conference in Hanoi on January 12.
Vietnam looks to boost trade with China’s special administrative region
A workshop discussing measures to promote business cooperation between Vietnam and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) of China was held in Hanoi on January 10.
Vietnam enjoys 11.2 billion USD trade surplus
Vietnam's total import and export turnover in 2022 is estimated at 732.5 billion USD, up 9.5% compared to 2021, of which exports increase by 10.6% and imports by 8.4%.

Source: VNA

US, Vietnam, top trade partners, comprehensive partnership, digital transformation, green growth, stability and development
New comment has just been added. Click here
Sort:NewBest News