Friday, 24 May 2019
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ECONOMY

Mnuchin lauds improvements in Vietnam-US relations amid currency manipulation rumor

Updated at Tuesday, 14 May 2019, 18:29
The Hanoitimes - Mnuchin expected Vietnam and the US to continue discussing Vietnam’s monetary policy.
US Treasury Secretary Steven Mnuchin highly regarded recent improvements in the US – Vietnam relations in economy, trade and investment, as well as expressed his delight at being updated on Vietnam’s monetary and financial policies, Vietnam News Agency reported. 
 
Deputy Prime Minister Vuong Dinh Hue made the call with US Treasury Secretary Steven Mnuchin. Source: Vietnam News Agency.
Deputy Prime Minister Vuong Dinh Hue made the call with US Treasury Secretary Steven Mnuchin. Source: Vietnam News Agency.
Mnuchin reportedly made the statement in a phone call with Deputy Prime Minister Vuong Dinh Hue on May 13, following recent report by foreign media outlet that Vietnam could be added to expanded US list on currency manipulation. 

During the phone call, Mnuchin expected Vietnam and US to continue discussing  Vietnam’s monetary policy.

The US Treasury Secretary welcomed recent economic contracts worth over US$21 billion signed between enterprises from two countries during the  trip of US President Donald Trump to Hanoi in late February. 

According to Mnuchin, the move would take the US – Vietnam economic relation to a new height. 

Meanwhile, Deputy PM Hue said Vietnam gives priority to the comprehensive partnership between Vietnam and US, adding the economic and trade relation between the two countries has been on the positive trend. 

In 2018, bilateral trade turnover reached over US$60 billion, of which US exports amounted to US$12 billion, up 40% year-on-year. Vietnam has been one of the US fastest-growing export markets. 

Hue stated Vietnam’s top agenda is to continue improving the  business and investment environments, creating favorable conditions for US companies committing long-term business in Vietnam. 

The government would request government agencies to address US concerns regarding car import, cyber security, e-payment, finance and monetary issues, among others. 
Hai Yen
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