May 14, 2019 / 18:29
Mnuchin lauds improvements in Vietnam-US relations amid currency manipulation rumor
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.
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.
Deputy Prime Minister Vuong Dinh Hue made the call with US Treasury Secretary Steven Mnuchin. Source: Vietnam News Agency.
|
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.
Other News
- Vietnam’s c.bank sells USD to stabilize exchange rate
- Central bank to auction gold to calm domestic market
- Vietnam's Central Bank ready to steady foreign exchange market
- Finance ministry clears bottlenecks to pave way for stock market upgrade
- Over 60% of Vietnamese use QR codes to pay
- Casinos contribute US$370 million to state budget over 5 years
- Standard Chartered and IATA partner to launch IATA Pay in Vietnam
- Vietnam’s capital market shows positive signs: Finance Ministry
- Prime Minister urges banks to cut lending rates further
- Potential upgrade to emerging status may pull US$25 billion into Vietnam’s stock market
Trending
-
Culture is national asset: Vietnam PM
-
Vietnam news in brief- April 19
-
Cultural similarities provide basis for Vietnam-Italy cooperation in various fields
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen
-
Hanoi street where dead appliances come back to life
-
Vietnam’s economy urged to rely on internal strengths to weather global uncertainties: ADB
-
Vietnam, Thailand advance realization of “Three Connections” strategy
-
MICHELIN Guide sets its sights on Vietnam’s central region