Vietnam is ready to develop a deep, stable and substantive relationship with the United States.

On November 13, at the headquarters of the Ministry of Foreign Affairs, Deputy Minister of Foreign Affairs Le Thi Thu Hang received Ms. Caroline Pham, Commissioner of the US Commodity Futures Trading Commission (CFTC) during her visit and working in Vietnam.

Deputy Minister Le Thi Thu Hang welcomed Ms. Caroline Pham and the CFTC delegation to visit Vietnam, highly appreciated the cooperation and support of CFTC and Ms. Caroline Pham personally for Vietnam's specialized agencies in the fields of finance and banking, thereby supporting Vietnam's development and making substantial contributions to bilateral economic relations.

The Deputy Minister affirmed that Vietnam attaches importance to its relations with the United States and is ready to work with the United States to develop a deep, stable and substantial relationship, concretizing the Comprehensive Strategic Partnership framework based on 10 pillars established in September 2023. In particular, the two countries consider economic, financial, trade and investment cooperation as the focus; cooperation in education and training, science - technology, and innovation as breakthrough areas; prioritizing strategic cooperation areas such as semiconductors, research and development, innovation, transportation and logistics, finance - banking, digital economy and energy transition.

On November 13, in Hanoi, Deputy Minister of Foreign Affairs Le Thi Thu Hang received Ms. Caroline Pham, Commissioner of the US Commodity Futures Trading Commission. Photo: VNA

The Deputy Minister emphasized that in the context of the world economy being unstable and global inflation rising rapidly, Vietnam always strives to promote economic links and create a favorable environment for the development of the financial market; contributing to enhancing information exchange on perfecting the financial market mechanism and policy framework; as well as enhancing bilateral and multilateral cooperation in the financial sector.

The Deputy Minister suggested that the two countries strengthen dialogue and cooperation in areas of common interest, such as infrastructure and financial services, especially digital finance, training high-quality human resources, sharing management experience, loans and aid, tariffs, capital market development and stock market.

US Commodity Futures Trading Commission Commissioner Caroline Pham expressed her joy and emotion when visiting Vietnam, one of the key partners in the US's regional policy.

Ms. Caroline Pham shared Deputy Minister Le Thi Thu Hang's assessment of the special significance of President Joe Biden's visit to Vietnam in September 2023 and the two countries' upgrading of relations to a Comprehensive Strategic Partnership, reflecting a spectacular step forward in bilateral relations, enhancing understanding and trust, and demonstrating the United States' commitment to opening up new opportunities in economic and financial cooperation between the two countries.

Ms. Caroline Pham said that more and more US businesses, especially in the financial sector, are interested in Vietnam; affirming that Vietnam's financial market still has a lot of potential and strong appeal. This comes from the stable political environment, increased participation of people in the financial market and flexible policies of the Government.

Ms. Caroline Pham thanked Vietnamese Government agencies such as the State Bank and the Ministry of Finance for their active cooperation with the CFTC in matters of trade, monetary and foreign exchange policies; and for further research to expand cooperation in the financial and banking sector.

She said that CFTC will soon carry out activities to support Vietnam in training human resources and sharing experiences in building policy frameworks, risk management and supervising the healthy and stable development of financial markets.

The two sides also discussed specific measures to further strengthen bilateral economic-trade, financial-investment relations, including promoting negotiations on the Indo-Pacific Economic Framework, the US recognizing Vietnam as a market economy, cooperation on foreign exchange policy, digital economy development, green economy and supply chain diversification.

According to VNA/Tin Tuc Newspaper

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