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Jul 25, 2019 / 11:45

Vietnam seeks more balanced trade with US

Investment and trade serve as pillars in the Vietnam – US comprehensive partnership.

Vietnam expects to maintain balanced trade ties with the US, which are one of the pillars in the Vietnam – US relation, according to Nguyen Van Binh, Politburo member and head of the Party Central Committee’s Economic Commission. 
 
Source: VNA.
Head of the Party Central Committee's Economic Commission Nguyen Van Binh and Acting Assistant Secretary at the US Department of the Treasury Mitchell Silk. Source: VNA.
Both Vietnam and the US should continue to cooperate and address issues of mutual interest, Binh said in a meeting with Acting Assistant Secretary at the US Department of the Treasury Mitchell Silk on July 24. 

According to Binh, the Vietnam – US comprehensive partnership has been growing strongly over the past few years. The year 2019 is important for both side in preparation for the 25th anniversary of normalization of diplomatic relations in 2020. 

Binh noted the US remains one of Vietnam’s major partners, and expects the relations between two countries to continue to flourish in the coming time. 

Mitchell Silk introduced an initiative promoting low-cost private investment in energy and infrastructure in Asia (Asia EIPCI). 

Binh welcomed the proposal, which is in line with Vietnam’s policies in attracting both foreign and domestic capital in the energy and infrastructure sector, serving the purpose of rapid and sustainable economic growth.