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
- Regional, international financial centers mean boosters to Vietnamese economy: Deputy PM
- IFC sets record with US$1.6 in climate financing to support Vietnam’s green transition
- Vietnam's credit growth up 10% in 10 months
- Building Hanoi's smart city with smart banking
- Vietnam stock market clears major legal hurdle to potential upgrade
- Cashless parking in Hanoi: Good model fuels smart transport
- Banking sector dominates Vietnam’s corporate bond market
- Prime Minister expects lending to grow by 15% this year
- Vietnam, Singapore strengthen partnership in stock exchange operations
- HSBC raises Vietnam’s GDP growth forecast to 6.5% in 2024
Trending
-
Hanoi holds grand ceremony for 80th anniversary of Vietnam People's Army
-
Vietnam news in brief - December 22
-
Wandering around Hoan Kiem District via young singer's music video
-
Vietnam Defense Expo 2024 secures $286.3 million in deals
-
Memories and Faith" features war memorabilia
-
Smart solutions - Key for Hanoi tourism in 2025
-
HABECO – The spirit of Vietnam rising
-
Bia Ha Noi brings you golden luck in Lunar New Year
-
Quintessence of Tonkin: Modern approach to experiencing Vietnamese culture