US am­bas­sador calls...

Viet Nam News - - FRONT PAGE -

Phaïm Quang Vinh, deputy minister of For­eign Af­fairs, who was the pre­vi­ous Viet­namese am­bas­sador to the US, said that Vieät Nam wel­comed all ini­tia­tives and ef­forts to bet­ter con­nect the re­gion and achieve its goals.

“We par­tic­u­larly ap­pre­ci­ate ini­tia­tives that aim to strengthen trade and eco­nomic co­op­er­a­tion in the re­gion, es­pe­cially in in­fra­struc­ture and en­ergy,” he said.

Vieät Nam and the US have de­vel­oped a com­pre­hen­sive part­ner­ship over the past years in all ar­eas, he added.

Speak­ing on the side­lines of the meet­ing, Vinh told that the US is one of Vieät Nam’s top 10 for­eign in­vestors with nearly 900 on­go­ing projects val­ued at more than $10 bil­lion. The US is also Vieät Nam’s third largest trad­ing partner.

Vieät Nam will con­tinue its ef­forts to re­form ad­min­is­tra­tive pro­ce­dures, and build a strong and sus­tain­able econ­omy based on in­no­va­tion and tech­nol­ogy, he said.

“We ex­pect the di­a­logue to­day will fur­ther strengthen the part­ner­ship be­tween the US and Vieät Nam through con­crete and ef­fec­tive projects,” Vinh said.

“We wel­come the US, work­ing alone or in part­ner­ship with oth­ers such as Ja­pan, In­dia, Aus­tralia and South Korea to in­vest more in Vieät Nam in such ar­eas as in­fra­struc­ture, en­ergy, rail­way and avi­a­tion, among oth­ers.”

Last year, US and Vieät Nam bi­lat­eral trade con­tin­ued to grow, to­talling $54.7 bil­lion, with po­ten­tial for fair and free trade still largely un­tapped.

In July, Sec­re­tary of State Michael Pom­peo an­nounced the “Indo-Pa­cific Eco­nomic Vi­sion” to in­crease Viet­namese and Amer­i­can trade and trade in the Indo-Pa­cific re­gion in gen­eral.

Other top­ics at the di­a­logue in­cluded macroe­co­nomic trends, credit outlook and cap­i­tal flows for the South­east Asian re­gion, and dig­i­tal trade.

The event also dis­cussed fi­nanc­ing in­fra­struc­ture for Vieät Nam and other South­east Asian nations.

The Asian Eco­nomic Fo­rum is an eco­nomic-fo­cused “think tank” with re­search in­ter­est in pub­lic pol­icy. It of­fers a plat­form for re­gional Asian com­mu­ni­ties and global stake­hold­ers to meet and dis­cuss ideas and solutions for the long-term sus­tain­able eco­nomic de­vel­op­ment of Asian economies and the sta­bil­ity of their un­der­ly­ing fi­nan­cial mar­kets. — VNS

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