On the basis of the comprehensive partnership between Vietnam and the U.S., cooperation between the two countries in economy, trade, finance and currency has made positive progress, PM Chinh said at a meeting with Secretary Yellen while in the U.S. attending the U.S. - ASEAN summit at the invitation of U.S. President Joe Biden.
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Prime Minister Pham Minh Chinh (right) and U.S. Secretary of the Treasury Janet Yellen |
He emphasized that Vietnam wishes to build an independent and self-reliant economy with sustainable development and deep integration, adding that stabilisation of the macroeconomy plays a very important role.
PM Chinh thanked the U.S. for cooperation and support in managing and stabilizing the foreign exchange market, contributing to Vietnam’s macro stability.
He also mentioned the complex impacts on economies stemming from global instabilities such as strategic competition, pandemic, climate change, conflict and economic development, and armed conflicts.
In response to these issues, he noted, it is necessary to uphold internationalism and multilateralism with a balanced and just approach.
PM Chinh added that each country needs to build an independent and self-reliant economy derived from its own internal resources and strengths.
The Vietnamese leader proposed that the U.S. Government and U.S. Department of the Treasury closely support and cooperate with Vietnam in economic development, handling global challenges, including energy transition, and fulfilling commitments at COP26.
He also suggested the U.S. side to cooperate with Vietnam to build regional economic mechanisms, and stabilise trade relations and supply chains.
U.S. Secretary of the Treasury Yelle affirmed that the U.S. is willing to deepen economic - trade - investment relations between the two countries, including cooperation in banking and finance.
She said she highly appreciates Vietnam’s flexible exchange rate management and its consistency in pursuing the goal of controlling inflation and stabilising the macro-economy.
Secretary Yelle affirmed that, through global and regional financial institutions, the U.S. will coordinate with developed countries to support developing countries, including Vietnam, in the areas of infrastructure, infectious disease prevention and control, energy transition, and climate change response.
She added that the U.S. is willing to share experiences and support Vietnam in capacity building and mechanisms to effectively develop capital and real estate markets.
Source: VNA