"Our conversations over the past few days have touched on this topic many times. I think when it comes to manufacturing, especially semiconductor manufacturing, it all starts with people. One of the most important things about semiconductor manufacturing is having a highly trained and skilled workforce," Emily Blanchard, Chief Economist, US Department of State, told the press on the afternoon of October 25 in Hanoi.
Ms. Emily Blanchard added that human resource development is therefore one of the areas the US wants to focus on working with Vietnamese partners, to create more economic opportunities, investment, job opportunities or open up partnerships. "We have discussed a lot and I am extremely optimistic about the directions we can cooperate in this area."
One of the key areas of cooperation mentioned when Vietnam and the US upgraded their relationship to a comprehensive strategic partnership was science and technology cooperation, including initiatives on developing the semiconductor supply chain. The US will work with Vietnam to further develop the semiconductor ecosystem, legal framework, and related workforce and infrastructure needs.
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Vietnam shows strong momentum in growth sectors
Mrs. Emily Blanchard
Also in a meeting with the press, answering questions about the US's assessment of Vietnam's growth indicators, including the prediction of GDP growth reaching over 5% this year, the US economist commented that the global economy is having a difficult year and many countries are affected, however, she is optimistic that this trend will reverse in the future.
"Perhaps more important are the fundamental drivers of GDP growth, in terms of supply chain demand, investment in people or innovation, infrastructure or business environment... Vietnam has been showing very strong momentum in these areas," she said.
Commenting on the meetings in Hanoi, the US economist was impressed with the "positivity and substance" of all the meetings, when the two sides were able to discuss in a very specific way what could make the bilateral relationship successful "as quickly as possible".
In the spirit of coming up with substantive action plans, many areas were discussed such as capacity building, common infrastructure, human resource development, decarbonization and creating a business environment. "Vietnam has great potential and we hope to continue to use the current momentum to develop the fields even more deeply," according to the US official.
Emily Blanchard's visit to Vietnam is the final stop on her five-stop tour. She also visited Vietnam 13 months ago. "In my two years at the US State Department, Vietnam was almost the only place I returned to for the second time. I think this also shows how much we value our relationship with Vietnam."
The goal of Ms. Emily Blanchard's trip this time is to focus on what the US and other countries can do to build a global economy that is more secure, more sustainable, more inclusive and more prosperous.
The Office of the Chief Economist of the U.S. Department of State provides economic analysis, advice, and advocacy. Emily Blanchard, who assumed office in 2022, is a leading expert on international economic policy, with research at the intersection of international economics and public policy.
Phuong Anh
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