National Assembly Chairman Vuong Dinh Hue welcomed Minister Janet Yellen's visit to Vietnam; he said that in her capacity as Minister in charge of economic, financial and national monetary security issues of the United States - the world's largest economy and Vietnam's leading trade partner, the Minister's visit is of great significance on the occasion of the 10th anniversary of the Vietnam - US Comprehensive Partnership, contributing significantly to promoting the relationship between the two countries to new heights for peace, cooperation and development.
US Treasury Secretary Janet Yellen thanked National Assembly Chairman Vuong Dinh Hue for his reception; highly appreciated the progress in the bilateral relationship in recent times; and affirmed that the US attaches importance to and continues to develop the Vietnam - US Comprehensive Partnership in depth.
National Assembly Chairman Vuong Dinh Hue received US Treasury Secretary Janet Yellen.
Treasury Secretary Janet Yellen expressed her impression of Vietnam's socio-economic development achievements; believed that Vietnam will successfully achieve its national development goals; and the United States wishes to contribute to this process.
National Assembly Chairman Vuong Dinh Hue affirmed that in Vietnam's foreign policy of independence, self-reliance, peace, cooperation and development, diversification and multilateralization of foreign relations, the United States is a very important partner; supporting the strengthening of stable, long-term and substantive bilateral relations, for the benefit of the two countries, for peace, friendship and cooperation in the region and the world.
The National Assembly Chairman highly appreciated the US Treasury Secretary's visit, meetings and working sessions with the Prime Minister, Head of the Central Economic Commission, Minister of Finance and Governor of the State Bank of Vietnam. At the same time, he suggested that the two sides continue to promote relations through all channels: Party, State, Parliament and people-to-people exchanges; further strengthen the Parliamentary cooperation channel, exchange of high-level delegations at all levels, and establish a cooperation mechanism between legislative bodies commensurate with the relationship between the two countries.
Regarding trade and investment cooperation, the National Assembly Chairman suggested that the two sides actively coordinate to establish and implement new and more effective bilateral and multilateral cooperation mechanisms. Affirming that Vietnam does not pursue a trade surplus policy with the United States, the National Assembly Chairman stated that Vietnam has continued to perfect its legal system, improve the investment and business environment, and create favorable conditions for US businesses to operate long-term and successfully in Vietnam; sharing that he has repeatedly discussed with US congressmen and businesses about the desire to raise the ranking of US investment in Vietnam.
Overview of the meeting.
The National Assembly Chairman proposed that the United States recognize Vietnam's market economy status, limit technical measures and trade defense measures to facilitate the export of Vietnamese goods to the United States; the Ministry of Finance and the US Government take measures to support Vietnam in improving its position in the global supply chain in the current trend of diversification and restructuring of trade and investment; the two governments cooperate to form a number of supply chains in which Vietnam has potential and demand and the United States has strengths.
Regarding cooperation in responding to climate change and energy development, the National Assembly Chairman proposed that the United States support Vietnam in a fair energy transition, especially financially, to ensure a balance and harmony of benefits/costs for the State, people, and businesses in the energy transition roadmap, and in the immediate future, allocate resources to effectively and substantially support the JETP program and cooperation initiatives/projects within the framework of the Mekong-US partnership.
The National Assembly Chairman also asked the United States to support Vietnam in strongly developing the digital economy, digital government, and digital society; and to support Vietnam in the process of safe digital transformation and meeting the requirements of sustainable development.
US Treasury Secretary Janet Yellen said she will carefully study the issues mentioned by National Assembly Chairman Vuong Dinh Hue and respond specifically to issues that can be implemented immediately in the near future.
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