US Treasury Secretary Janet Yellen said the country is ready to support Vietnam to improve its production capacity of semiconductors and renewable energy.
This information was mentioned by US Secretary of the Treasury Janet Yellen when meeting Prime Minister Pham Minh Chinh on the afternoon of July 20 during his visit to Vietnam. Ms. Janet Yellen is impressed with the development of Vietnam. Vietnam is an increasingly important partner for the US and plays a key role in its Indo-Pacific strategy, she said.
The US wishes to promote economic and trade cooperation with Vietnam and plans to strengthen cooperation on supply chains on the basis of a comprehensive and reliable partnership. Ms. Janet Yellen said that the country is ready to support Vietnam to improve its semiconductor and renewable energy production capacity.
The US Department of Finance will also increase cooperation with the State Bank of Vietnam and the Ministry of Finance of Vietnam in modernizing monetary policy, exchange rate mechanism and supporting access to international financial resources.
Prime Minister Pham Minh Chinh agreed with the proposal of the US side and said that expanding the supply chain, manufacturing chips and semiconductors is also a priority in Vietnam's development strategy.
Prime Minister Pham Minh Chinh receives US Secretary of the Treasury Janet Yelle on July 20. Photo:
VGP
Government leaders said that Vietnam is promoting the building of institutions, preferential policies, technical infrastructure, modern governance and human resource training in these fields.
He affirmed, Vietnam firmly adheres to the foreign policy of independence, self-reliance, peace, friendship, cooperation and development, multilateralization - diversification of relations, proactive and active international integration; willing to be a friend, a reliable partner, an active, active and responsible member of the international community.
In the overall foreign policy, Vietnam always considers the US as one of the most important partners, highly appreciating the fact that the two sides have maintained high-level contacts, especially the very successful phone conversation between General Secretary Nguyen Phu Trong and US President Joe Biden at the end of March.
The Prime Minister suggested that the State Bank of Vietnam and the US Department of Finance continue to maintain a mechanism to resolve related issues through close dialogue and exchange between the two agencies on issues arising in the coming time, in the context of world economic fluctuations.
He also wants the US to support Vietnam in developing a renewable energy industry and establishing a carbon market.
In 2022, bilateral trade turnover between Vietnam and the US will reach more than 123 billion USD. The US has become the second largest trading partner and one of the most important export markets of Vietnam. Regarding investment, the US ranked 11th out of 142 countries and territories investing in Vietnam.
After nearly 30 years of establishing diplomatic relations (1995) and 10 years of the Comprehensive Partnership (July 25, 2013), the two countries' relations have developed positively and steadily in all fields of economy, trade, investment, science and technology, education and training.
According to Vnexpress.