U.S. and Vietnam sign an agreement to strengthen bilateral partnership

The agreement aims to strengthen Vietnam’s economic competitiveness. (Photo for illustration: vov.vn)

USAID technical assistance activities under this agreement will enhance the capacity of Vietnamese small and growing businesses, including those led by vulnerable populations, by facilitating access to competitiveness-enhancing technology, business management skills and capital. The agreement will also foster greater entrepreneurship; enable deeper linkages of Vietnamese startups to corporations, investment capital, and other supporting organizations in the international innovation and startup ecosystems; and strengthen high-quality human capital needed for a robust knowledge-based economy. 

Speaking about the agreement, U.S. Ambassador to Vietnam Daniel J. Kritenbrink said, “This agreement reflects the United States’ continued commitment to support Vietnam’s efforts to become a more open, innovative and inclusive economy. Through close collaboration with the Government of Vietnam, we can ensure that USAID’s development assistance will meet our two countries’ mutual vision for a prosperous and independent Vietnam.”

Song Anh