Minister of Agriculture and Environment Do Duc Duy highlighted that both Vietnam and the US possess significant agricultural strengths, not as direct competitors but as complementary partners, with potential for mutual support and development.
As Vietnam is a developing country with a transitioning economy, and is still dealing with the severe consequences of war, it hopes to continue receiving support and cooperation from the US, and strengthening and deepening the Vietrnam-US Comprehensive Strategic Partnership, including maintaining and promoting stable, sustainable economic and trade relations based on equality and mutual benefit, while enhancing cooperation with US investors in the country.
Bilateral trade between Vietnam and the US hit over 100 billion USD over the last 11 months of this year amidst the global trade slowdown. The figure has been recently announced at the US-Vietnam Trade and Investment Framework Agreement Joint Council Meeting in Hanoi.
The US has concluded its investigation into Vietnam’s alleged import and use of timber illegally harvested or traded, and removed Vietnam from its currency manipulation list. After the move, the trade relations between the two countries are enjoying stronger growth.
With Vietnam-US economic relations having grown steadily over time, the American business community is very optimistic and working very hard in Vietnam, according to Virginia B. Foote, President of the Board of the US International Centre.
Prime Minister Pham Minh Chinh on May 15 (US time) had meetings with American friends who have stood by Vietnam and its people as part of his working visit to the US.
There are great opportunities and a bright future for US companies within sight in Vietnam despite the economic implications of the COVID-19 for the country, said Adam Sitkoff, executive director from the American Chamber of Commerce (AmCham) Hanoi, in a recent interview.
Trade has become a pillar of the growing bilateral relationship between Vietnam and the US, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Hoang Quang Phong said on November 16.
The past 25 years have witnessed strides made in economic and trade cooperation between Vietnam and the US. contributing remarkably to bolstering bilateral relations, Minister Counsellor in charge of trade affairs Bui Huy Son has said.
Vietnamese Ambassador to the US Ha Kim Ngoc held phone talks with US Under Secretary of Agriculture Ted McKinney in Washington DC on May 6 with a view to promoting agricultural cooperation between the two countries.
Trade relations between Vietnam and the US will continue expanding but will also be affected by challenges in the future, heard a seminar in Hanoi on November 14.
The American Chamber of Commerce (AmCham) in Hanoi held a ceremony on November 8 to mark its 25th founding anniversary and 25 years of the normalisation of Vietnam-US economic relations.
Vietnam has become central to the US policy in the Asia-Pacific region as ties between the two countries have strengthened in recent years, Marie Damour, the US consul general in HCM City, said at a recent conference.
A delegation from the central province of Binh Dinh introduced local economic and tourism potential and sought ways to boost trade and investment ties with US businesses during a working trip to the US from October 12 to 23.
There remains much potential for comprehensive cooperation between Vietnam and the US, and both are working hard to promote balanced bilateral trade, heard a forum held in Ho Chi Minh City on September 6.
Deputy Prime Minister Trinh Dinh Dung appreciated the contributions made by Vietnamese and US businesses to their countries’ relations over the last 25 years, while attending a business summit in Hanoi on May 10.
Vietnamese enterprises received updates on fresh information, policies, and business opportunities for the US market at a workshop held in Hanoi on July 27.
Since Vietnam and the US established a comprehensive partnership in July 2013, they have gained new and practical achievements in bilateral, regional and multilateral cooperation.
