Vietnam seeks balanced, sustainable economic – trade ties with US: Deputy FM

The two sides agreed to continue efforts toward concluding negotiations on and signing the reciprocal trade agreement, thereby creating a stepping stone for more sustainable and effective economic and trade ties for the benefit of businesses and peoples of both countries.

Vietnamese Deputy Minister of Foreign Affairs Nguyen Minh Hang (R) and US Under Secretary of State for Political Affairs Allison Hooker at their meeting in the US. (Photo: VNA)
Vietnamese Deputy Minister of Foreign Affairs Nguyen Minh Hang (R) and US Under Secretary of State for Political Affairs Allison Hooker at their meeting in the US. (Photo: VNA)

Washington D.C. (VNA) – Vietnam wishes to develop economic and trade relations with the US in a balanced and sustainable manner, in line with the interests, capacity, and institutional frameworks of each side, Deputy Minister of Foreign Affairs Nguyen Minh Hang has told US Under Secretary of State for Political Affairs Allison Hooker.

During a working session with Hooker, held as part of the Vietnamese official’s visit to the US to attend the sixth round of negotiations on the two countries’ reciprocal trade agreement from February 2 to 6, Hang expressed satisfaction at the positive progress in the Vietnam – US Comprehensive Strategic Partnership.

She affirmed that Vietnam attaches importance to the partnership and hopes the two sides will maintain regular high-level exchanges and further deepen cooperation, particularly in the economy, trade, investment, science – technology, and innovation.

The two sides agreed to continue efforts toward concluding negotiations on and signing the reciprocal trade agreement, thereby creating a stepping stone for more sustainable and effective economic and trade ties for the benefit of businesses and peoples of both countries.

Thanking the US for its support and close coordination with Vietnam in the Asia-Pacific Economic Cooperation (APEC) forum over the years, Hang stressed that hosting APEC Year 2027 will be one of Vietnam’s most important multilateral diplomatic events in the coming period, adding that the country has been making active preparations across all fields. As Standing Vice Chair of the National Committee for APEC 2027, she called on the US to continue supporting and coordinating closely with Vietnam to ensure the success of APEC 2027.

For her part, Hooker congratulated Vietnam on the success of its 14th National Party Congress, expressing confidence in its development prospects and bilateral relations. She said the US hopes the bilateral relationship will maintain its positive momentum, including the early conclusion of a reciprocal, balanced and fair trade agreement, which would help advance bilateral cooperation across the board.

Hooker also spoke highly of Vietnam’s role and prestige in hosting APEC for the third time, acknowledging the country’s proactive preparations and affirming that the US will work closely with Vietnam to ensure success for APEC Year 2027.

While in the US, Hang also held working sessions with US Senior Official to the APEC forum Casey Mace, Senior Vice President for Asia Charles Freeman of the US Chamber of Commerce, and leaders of the US National Centre for APEC (NCAPEC).

The US representatives expressed their belief that with experience in hosting the forum in 2006 and 2017, along with its growing role, stature, and sense of responsibility, Vietnam will successfully host APEC 2027, contributing to dialogue and economic cooperation in the region.

Freeman said US businesses highly value Vietnam’s development orientation and recent reforms, and are looking forward to business-community activities during APEC Year 2027, particularly the APEC CEO Summit, expected to be held in Phu Quoc. He affirmed that the Chamber of Commerce and US enterprises will actively participate in and contribute to APEC business events in Vietnam./.

VNA

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