The initiative aims to broaden US technology exports to the region.
Regarding the Indo-Pacific initiative announced by the US recently, Vietnam's foreign ministry affirmed that the mutual goal of all nations is to ensure the peace, stability, cooperation and development in the region and worldwide.
Hence, “Vietnam welcomes initiatives and efforts to connect the region, which contribute to the goal”, said Vietnam’s Foreign Ministry Spokesperson Le Thi Thu Hang in a regular press conference on Thursday.
The participation of Vietnam in the initiative, should ensure the contry's independence, sovereignty, territorial integrity as well as national benefits, she added.
The US has announced it will roll out Indo-Pacific initiative worth US$113 million in new technology, energy and infrastructure initiatives in emerging Asia on Monday.
US President Donald Trump first mentioned the initiative at the APEC Summit 2017 in Da Nang, Vietnam.
Among the new investments outlined by US Secretary of State Mike Pompeo, the US will invest US$25 million to expand US technology exports to the region, add nearly US$50 million this year to help countries produce and store energy resources and create a new assistance network to boost infrastructure development.
According to Reuters, in a policy speech delivered amid increased US trade frictions with China and other Asian countries, Pompeo sought to define the economic aspect of President Donald Trump’s “Indo-Pacific” strategy, which aims to cast the US as a trustworthy partner in the region.
Pompeo said Washington wants a “free and open” Asia not dominated by any one country, an apparent reference to China’s growing economic clout and heightened tensions in the disputed South China Sea, reported Reuters.
Hence, “Vietnam welcomes initiatives and efforts to connect the region, which contribute to the goal”, said Vietnam’s Foreign Ministry Spokesperson Le Thi Thu Hang in a regular press conference on Thursday.
The participation of Vietnam in the initiative, should ensure the contry's independence, sovereignty, territorial integrity as well as national benefits, she added.
Indo-Pacific region
|
US President Donald Trump first mentioned the initiative at the APEC Summit 2017 in Da Nang, Vietnam.
Among the new investments outlined by US Secretary of State Mike Pompeo, the US will invest US$25 million to expand US technology exports to the region, add nearly US$50 million this year to help countries produce and store energy resources and create a new assistance network to boost infrastructure development.
According to Reuters, in a policy speech delivered amid increased US trade frictions with China and other Asian countries, Pompeo sought to define the economic aspect of President Donald Trump’s “Indo-Pacific” strategy, which aims to cast the US as a trustworthy partner in the region.
Pompeo said Washington wants a “free and open” Asia not dominated by any one country, an apparent reference to China’s growing economic clout and heightened tensions in the disputed South China Sea, reported Reuters.
Other News
- Highlights of Vietnam International Defense Expo 2024
- Vietnamese Pho continues to spread its international reach
- Hanoi students honored for creative logo celebrating German-Vietnamese ties
- Vietnam condemns violence by Chinese authorities in Hoang Sa
- Hanoi set to pilot centralized government services
- Vietnam National Day: Insights from expats
- Musical featuring the Spratlys to be aired
- Countries recognize Vietnam’s right to claim extended continental shelf in UN submission
- Vietnam submits limits of continental shelf beyond 200 nautical miles in respect of the East Sea's Central area
- Vietnam firmly rejects any activities in violation of its sovereignty over Hoang Sa, Truong Sa
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