US ambassador calls...
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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