During the meetings, Thang affirmed that Viet Nam consistently regards the U.S. as one of its leading strategic partners and wishes to work with the U.S. to maintain stable, substantive and effective development of the comprehensive strategic partnership for the benefit of the two peoples, while contributing to peace, cooperation and development in the region and the world.
The Deputy PM briefed U.S. officials on Viet Nam’s socio-economic achievements and its efforts to accelerate institutional reforms, simplify administrative procedures, develop the private sector and make breakthroughs in science and technology, innovation and digital transformation.
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Deputy Prime Minister Nguyen Van Thang (second, from left) and U.S. Department of Commerce officials, including Under Secretaries Jeffrey Kessler (second, from right) and William Kimmitt (first, from left) |
He stressed that Viet Nam is working to improve its investment and business environment and complete its legal framework to create favorable conditions for both domestic and foreign businesses, including U.S. companies, to operate in the country over the long term.
At a meeting with U.S. Trade Representative Ambassador Jamieson Greer, the two sides discussed measures to promote balanced, sustainable and mutually beneficial bilateral trade, as well as progress in negotiations on an agreement on reciprocal, fair and balanced trade.
Thang affirmed that Viet Nam attaches importance to keeping global supply chains smooth and wishes to expand trade cooperation with the U.S. Viet Nam is ready for open and constructive discussions on issues of concern to the U.S., he said.
Greer affirmed his wish to work closely with Viet Nam to conclude the trade negotiations soon. He also took note of Viet Nam’s proposal that the U.S. objectively assess the country’s efforts to address issues of mutual concern and facilitate greater access for Vietnamese exports to the U.S. market.
During a meeting with U.S. Under Secretary of State for Economic Affairs Jacob Helberg, Thang reaffirmed Viet Nam’s consistent foreign policy of independence and self-reliance and its wish to continue cooperation with the U.S. in an open, transparent and mutually beneficial manner.
He welcomed U.S. technology companies’ expanded investment in Viet Nam, technology transfer and high-quality human resources training, as well as support for Viet Nam’s deeper participation in global supply chains.
Helberg welcomed the progress made in Viet Nam-U.S. relations, particularly in economic and trade cooperation, and agreed to strengthen dialogue and cooperation in strategic and foundational areas such as science and technology, innovation, artificial intelligence, the digital economy and digital infrastructure.
He said the U.S. side was ready to work with Viet Nam to study suitable incentives and policies to encourage U.S. businesses to expand their presence and make long-term investments in Viet Nam.
At a meeting with U.S. Department of Commerce officials, including Under Secretaries Jeffrey Kessler and William Kimmitt, the two sides described economic and trade ties as a bright spot and an important pillar of the bilateral relationship, with the two economies complementing each other.
Thang said Viet Nam is establishing a new development model in which science and technology, innovation and digital transformation are identified as key drivers. He asked the U.S. Department of Commerce to continue supporting harmonious and sustainable trade and investment cooperation.
He also called on the U.S. to remove Viet Nam from the D1 and D3 export-control lists, recognize Viet Nam as a market economy and adopt an objective and fair approach in trade-remedy cases involving Vietnamese goods.
Thang expressed his hope that the two sides would soon conclude negotiations on the reciprocal, balanced and fair trade agreement, creating a foundation for stronger bilateral economic, trade and investment ties.
The U.S. officials spoke highly of Viet Nam’s development achievements and its increasingly important role and position. They agreed that the two countries have great potential for cooperation, particularly in trade, investment, technology, energy and critical minerals.
The two sides also discussed measures to improve market access for businesses from both countries, remove barriers and expand trade and investment opportunities. The U.S. officials affirmed their readiness to coordinate closely with Vietnamese agencies to effectively implement agreements and commitments, contributing to the substantive development of the Viet Nam-U.S. comprehensive strategic partnership.
At a meeting with Caroline Vik, Chief Policy Officer at the DFC, Thang welcomed the corporation’s interest in the Vietnamese market and praised its role in financing and promoting high-quality development projects.
He asked the DFC to increase financing, loans and guarantees for high-quality infrastructure, energy, energy transition, digital infrastructure and healthcare projects, while providing greater support for Vietnamese small and medium-sized enterprises.
Vietnamese agencies are ready to work closely with the DFC to turn potential cooperation projects into concrete initiatives, he said.
Vik said the DFC currently manages a global investment portfolio worth about USD 205 billion and offers a range of flexible financial tools, including loans, equity investment, political risk insurance and early-stage project development financing.
She noted strong similarities between the two sides’ strategic priorities, particularly in pharmaceuticals, digital infrastructure, semiconductor manufacturing, artificial intelligence, energy and critical mineral supply chains.
The DFC asked Viet Nam to provide specific information on potential projects and businesses so that the two sides can quickly connect, assess and develop concrete investment opportunities.
Source: VNA