Working session between Minister Nguyen Hong Dien and Mr. Jeffrey Perlman - Chairman of Warburg Pincus Investment Fund and Chairman of the US-ASEAN Business Council (USABC)
At the meeting, Minister Nguyen Hong Dien highly appreciated the results of economic and trade cooperation between Vietnam and the United States in recent times, and affirmed that the United States is one of Vietnam's leading important economic partners. The Minister emphasized that the economic relationship between the two countries is complementary, contributing to creating competitive advantages, promoting sustainable development, in line with the orientation of building an independent, self-reliant economy and deep international integration of Vietnam.
The Minister suggested that USABC and the US business community continue to support Vietnam in the process of negotiating a reciprocal trade agreement between the two countries, and at the same time coordinate to promote the potential and investment and business opportunities in Vietnam to US partners.
On the USABC side, Mr. Jeffrey Perlman expressed his confidence in Vietnam's economic development prospects and affirmed that Vietnam is currently Warburg Pincus' second largest market in Asia. He said that Warburg Pincus is committed to long-term investment in Vietnam and will have an active voice to support Vietnam in promoting bilateral economic and trade relations.
Mr. Perlman also said that he will soon work with Secretary of Commerce Howard Lutnick, Treasury Secretary Scott Bessent and US Trade Representative (USTR) Jamieson Greer to propose three contents: USABC supports a balanced and harmonious trade agreement between Vietnam and the United States; the United States needs to strengthen cooperation with ASEAN - a region that plays a strategic role in US policy; and the current trade deficit is a natural result of the relationship between a developed economy like the United States and an economy in the early stages of development like Vietnam, which needs to be assessed objectively and comprehensively.
The two sides also discussed potential areas of cooperation such as energy, industry, digital transformation, green transformation, logistics and supply chain development. USABC pledged to continue accompanying Vietnam in its efforts to maintain macroeconomic stability and sustainable development.
On the same afternoon, Minister Nguyen Hong Dien had a working session with leaders of the American Apparel and Footwear Association (AAFA) and leading US textile, garment and footwear enterprises such as Gap, Levis Strauss, Harnes Brands, Under Armour...
Minister Nguyen Hong Dien highly appreciated the role of AAFA in promoting Vietnam-US trade relations and thanked AAFA for always being an effective bridge between US businesses and manufacturers in Vietnam. He affirmed that Vietnam is ready to be a reliable partner in the global supply chain and wishes to strengthen coordination to build a fair, highly adaptive and sustainable trade environment.
Anh Tho
Source: https://baochinhphu.vn/usabc-ung-ho-mot-thoa-thuan-thuong-mai-can-balancing-hai-hoa-viet-nam-va-hoa-ky-102250611074814489.htm
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