Vietnam - US set out major directions for cooperation in the next 10 years

Updated date: 09/15/2023 05:53:08

The Joint Statement on upgrading Vietnam-US relations to Comprehensive Strategic Partnership for Peace , Cooperation and Sustainable Development has set out major directions for cooperation in the next 10 years and beyond with 10 pillars, covering all areas.

Spokesperson of the Ministry of Foreign Affairs of Vietnam Pham Thu Hang

On September 14, at the regular press conference of the Ministry of Foreign Affairs , in response to a reporter's question about the Ministry of Foreign Affairs' upcoming activities to support Vietnamese businesses in accessing the US market after the two countries issued a Joint Statement on upgrading Vietnam-US relations to a Comprehensive Strategic Partnership for peace, cooperation and sustainable development, Spokesperson of the Ministry of Foreign Affairs of Vietnam Pham Thu Hang said:

“The Joint Statement on upgrading Vietnam-US relations to Comprehensive Strategic Partnership for Peace, Cooperation and Sustainable Development has set out major directions for cooperation in the next 10 years and beyond with 10 pillars, covering all areas of bilateral cooperation and regional and global issues, including economic-trade-investment cooperation.

To implement the Comprehensive Strategic Partnership framework reached during the recent visit of US President Joe Biden, the Ministry of Foreign Affairs will closely coordinate with ministries, branches, and localities to work with US agencies and localities to specify the areas of cooperation in the Joint Statement, while taking advantage of existing frameworks and mechanisms such as the Trade and Investment Framework Agreement (TIFA) and frameworks and mechanisms that will be established in the coming time, especially in key and breakthrough areas of trade, investment, science, technology, and innovation; thereby creating an effective cooperation mechanism and a favorable business and investment environment for businesses and people of the two countries.

The Ministry of Foreign Affairs will also continue to support Vietnamese businesses to strengthen connections, explore cooperation and investment opportunities with US partners to bring benefits and prosperity to both sides. This process requires great efforts from each side, including government agencies, the National Assembly, organizations, localities and businesses.

* Regarding the cooperation content between Vietnam and China within the framework of the Belt and Road on the occasion of the 8th Belt and Road Summit being held in Hong Kong (China), Ms. Pham Thu Hang said:

“On September 13 and 14, Minister of Planning and Investment Nguyen Chi Dung attended the 8th Belt and Road Summit in Hong Kong (China). Vietnam welcomes initiatives to promote regional economic connectivity and cooperation on the basis of ensuring the principles of equality, cooperation and mutual benefit, mutual respect, in accordance with international law and the United Nations Charter, aiming to contribute to sustainable development and common prosperity of all countries.

Over the past time, the friendly relations between Vietnam and China have maintained a growing trend, including cooperation frameworks, connecting Vietnam - China in general and connecting within the framework of the Belt and Road Initiative in particular. The two governments have signed a Memorandum of Understanding on jointly promoting the connection between Vietnam's "Two Corridors, One Belt" framework and the "Belt and Road" initiative.

For many years, Vietnamese and Chinese enterprises have actively cooperated in transporting goods on the connecting corridor from Chongqing city of China through Vietnam and some ASEAN countries and from Vietnam through China to Central Asia, Europe... Vietnam hopes that the "Belt and Road" initiative will continue to contribute to promoting economic linkages and regional connectivity, supporting countries in building infrastructure and expanding markets, narrowing the development gap between countries and bringing new opportunities to businesses and people in the region and around the world.

In the most recent meeting between Prime Minister Pham Minh Chinh and Chinese Premier Li Qiang, the two sides also agreed to continue promoting strategic connectivity and cooperation in building a high-quality “Belt and Road”; strengthening road and railway connectivity in border areas, building a multimodal, highly efficient and sustainable logistics system; bringing new opportunities to businesses and people of the two countries as well as actively contributing to peace, stability and prosperous development of the region and the world.

According to THANH NAM (SGGP)

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