US Secretary of Commerce: Promoting early recognition of Vietnam's market economy status

Prime Minister Pham Minh Chinh proposed that the US Department of Commerce soon recognize Vietnam's market economy status and continue to pay attention to promoting bilateral economic and trade relations - Photo: VGP/Nhat Bac

At the meeting, Prime Minister Pham Minh Chinh highly appreciated President Joe Biden's State visit to Vietnam; expressed his delight at the establishment of a Comprehensive Strategic Partnership between Vietnam and the United States for peace , cooperation and sustainable development, creating a new impetus and long-term cooperation framework for bilateral relations, opening a new phase for economic, trade and investment cooperation.

The Prime Minister said that Vietnam considers economic, trade and investment cooperation as the foundation and driving force of the Comprehensive Strategic Partnership with the United States; highly appreciated the US Department of Commerce and Secretary Gina Raimondo personally for their substantial contributions to promoting trade cooperation between the two countries in recent times.

To effectively implement the framework of the Vietnam-US Comprehensive Strategic Partnership, the Prime Minister requested the US Department of Commerce to soon recognize Vietnam's market economy status, continue to pay attention to promoting bilateral economic and trade relations, especially encouraging US high-tech enterprises to do business in Vietnam, and increase delegation exchanges and experience sharing.

The Prime Minister also suggested that the two sides create breakthroughs in cooperation in science and technology, innovation, education and training; and at the same time further promote cooperation in combating climate change, green growth, and renewable energy development.

Minister Gina Raimondo said that US businesses are very interested in Vietnam to seek business and investment opportunities; she believes that after completing negotiations on the Indo-Pacific Economic Framework for Prosperity, businesses and investment funds will invest heavily in Vietnam - Photo: VGP/Nhat Bac

Minister of Commerce Gina Raimondo shared Prime Minister Pham Minh Chinh's assessment of the special significance of President Joe Biden's visit to Vietnam and the two countries' establishment of a comprehensive strategic partnership framework.

The Minister said that US businesses are very interested in Vietnam to seek business and investment opportunities and believe that after completing negotiations on the Indo-Pacific Economic Framework for Prosperity (IPEF), businesses and investment funds will invest heavily in Vietnam.

The Prime Minister proposed that the United States further open its market to Vietnamese goods, such as electronics, textiles, footwear, agricultural products, and fresh fruits, and cooperate to maintain two-way trade growth as in recent years, while properly considering the interests of Vietnamese enterprises and not using trade defense measures against Vietnamese goods on the basis of ensuring balance, equality, and mutual benefit.

Affirming the significance and importance of the two countries establishing a framework for a Comprehensive Strategic Partnership, the US Secretary of Commerce said he would push for the US to soon recognize Vietnam's market economy status, coordinate the implementation of the contents agreed upon in the Joint Statement, especially in priority areas such as economy, trade and investment, etc., and continue to deepen, substantiate and effectively deepen cooperation between the two countries.

Source: baochinhphu

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