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Vietnam, US ensure continuity of goods supply chain

Vietnamese Minister of Industry and Trade Nguyen Hong Dien recently held phone talks with US Secretary of Commerce Gina Raimondo to discuss bilateral economic and trade issues.
Vietnam, US ensure continuity of goods supply chain ảnh 1Minister of Industry and Trade Nguyen Hong Dien (Photo: VNA) 

Hanoi (VNA) – Vietnamese Minister of Industry and Trade Nguyen Hong Dien recentlyheld phone talks with US Secretary of Commerce GinaRaimondo to discuss bilateral economic and trade issues.

Dien, who is also Chairmanof the Vietnam-US Trade and Investment Framework Agreement (TIFA) Council, suggested the US Department of Commerceenhance discussions to achieve progress in market economy recognition and give objective and fair opinions in line with the World Trade Organisation (WTO)’s regulationsin trade defence investigations.

Themaintenance of goods supply, manufacturing activities and export-import are thetop important priorities of the Vietnamese Ministry of Industry and Trade, Diensaid, adding that Vietnam will step up vaccination, thus creating favourableconditions for firms to mobilise workers back to work.

Aboutexisting bilateral economic and trade issues, Dien stressed that Vietnam isready to increase dialogues with the US to deal with them. He also hailed theUS for offering opinions to further perfect existing legal framework.

Raimondo, for herpart, said economy and trade remain a high priority under President Joe Biden’spolicy, stressing that the US enterprises want to invest in many fields inVietnam, with energy as a top priority.

TheUS will actively work with Vietnam to ensure the continuity of goods supplychain amid the complicated developments of the pandemic in the country, shesaid.

Diensuggested Raimondo convey his message to the US Government about giving furtherpriority to assisting Vietnam in vaccines, accelerating the implementation ofsigned vaccine supply contracts, and facilitating vaccine production technologytransfer.

Bothsides expressed their belief that the bilateral ties will maintain stablegrowth momentum, with economic and trade collaboration as a focus and keydriving force.

Overthe past five years, Vietnam’s export to the US has surged by 230 percent whilethe US’s shipment to Vietnam has soared by over 175 percent. The US becameVietnam’s largest importer while Vietnam was the 10th biggest tradepartner of the US./.

VNA
#Vietnam #the US #supply chains #Vietnam-US Trade and Investment Framework Agreement (TIFA) Council #US Secretary of Commerce Gina Raimondo
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