Chủ đề: us

At a meeting with US Treasury Secretary Janet Yellen in Washington D.C. on May 11, Prime Minister Pham Minh Chinh affirmed that Vietnam-US cooperation in finance, currency, and economics and commerce have seen positive development over the years. He added that Vietnam hopes the US will share its experience in developing financial markets, especially the stock market and also the real estate market, in a safe and transparent manner.

At the invitation of US President Joe Biden, Prime Minister Pham Minh Chinh will lead a Vietnamese delegation attending the ASEAN-US Special Summit in Washington D.C. and then make a working visit to the United States and the United Nations from May 11 to 17. Ahead of the visit, Minister of Foreign Affairs Bui Thanh Son answered questions from the Associated Press on the relationship between Vietnam and the US. Trade and investment are important and potential drivers of Vietnam-US relations into the future, he answered. The US is Vietnam’s second-largest trading partner, while Vietnam is the ninth-largest trading partner of the US and an important destination for US investors.

During a meeting on February 23 with the US President’s Special Envoy John Kerry, State President Nguyen Xuan Phuc affirmed that the US is one of Vietnam’s most important partners and that projects from the country are very much appreciated. He also emphasized that responding to climate change is an area of strategic cooperation between the two countries.

The White House has released the Indo-Pacific Strategy, which reaffirms its goal of promoting a “free and open region” as well as strengthening the US’s enduring position in the region. Vietnam is among the leading regional partners in the strategy.

US companies in Ho Chi Minh City and southern provinces are reopening and operating at 60 to 100 per cent of capacity. Central and local authorities have affirmed they will create favorable conditions for these companies to continue to operate in the region, the “Meet the USA” event heard.

The US’s AMI AC Renewables will implement a pilot project to develop a $3-million battery energy storage system in south-central Khanh Hoa province. The project will demonstrate how the US’s leading energy storage technology can help Vietnam achieve its renewable energy development goals and reduce its dependence on coal.

Pledge made as Vice President Kamala Harris touches down in Hanoi.

Ninety CEOs of leading US companies such as Adidas, Coach, Gap, Hanebrands, and Nike have proposed US President Joe Biden speed up vaccine aid to Vietnam to help restore the country’s key production industries relating to the US market and businesses. There are about 3 million workers in the US who directly depend on Vietnamese industries because of value chains.

Vietnam’s tuna exports to the US and European markets increased sharply in the first quarter of 2021, by 21 per cent year-on-year to $355 billion. The Vietnam Association of Seafood Exporters and Producers (VASEP) has, however, predicted that growth may slow in the months to come because of higher transportation costs.

Vietnam’s wooden kitchen furniture is gaining in popularity in the US, the EU, the UK, and Canada thanks to beautiful designs and high quality. In the first half of this year, export turnover of such products was $480 million, up 67 per cent compared to the same period of 2020. The biggest export item was kitchen cabinets, with turnover of $287.5 million, up 78.9 per cent year-on-year and accounting for 73.5 per cent of the total. Kitchen tables followed, with $47.6 million, up 37.5 per cent, while wooden trolley exports rose 563.3 per cent to $2.6 million. Some 76.3 per cent of export turnover came from the US, up 85.9 per cent year-on-year. Exports to the EU rose 68.1 per cent and to Canada by 188.3 per cent.

The turnover of Vietnamese fruit and vegetables exported to the US reached $57.4 million in the first four months of 2021, a 16.6 per cent increase year-on-year, according to the Ministry of Agriculture and Rural Development. The US Department of Agriculture has predicted that the total value of Vietnamese fruit and vegetables exported to the US this year may total $15.1 billion.