Vietnam responds to US Treasury's conclusion on monetary policy

The Vietnamese Ministry of Foreign Affairs highly appreciated the US Treasury's conclusion that no major US trading partner intervened in exchange rates.

The US Treasury Department's semi-annual report determined that no major trade partner with the US, including Vietnam, intervened in exchange rates to gain unfair benefits in international trade - Illustration photo: N.PHUONG

On November 21, responding to the press about the conclusion of the US Treasury Department regarding the monetary policies of major trading partners, Foreign Ministry spokesperson Pham Thu Hang said:

"Vietnam appreciates the US Treasury's conclusion that no trading partner, including Vietnam, intervenes in exchange rates to impact the balance of payments or gain unfair competitive advantages in international trade."

The Ministry of Foreign Affairs emphasized that over the past time, on the basis of the Comprehensive Strategic Partnership between the two countries, economic and trade relations between Vietnam and the US have achieved good results.

"In the coming time, Vietnamese authorities will continue to maintain close cooperation, regular and effective exchanges with the US Treasury Department to further enhance understanding, contributing to promoting the stable and sustainable development of Vietnam-US economic relations and meeting the interests of citizens of the two countries," said Ms. Pham Thu Hang.

Previously, on November 14, the US Treasury Department released a semi-annual report on the macroeconomic and foreign exchange policies of major trading partners with the US.

Accordingly, the ministry positively assessed Vietnam's monetary policy and continued to determine "no currency manipulation".

Source: https://tuoitre.vn/viet-nam-phan-hoi-ket-luan-cua-bo-tai-chinh-my-ve-chinh-sach-tien-te-20241121175603925.htm