Vietnam expects balanced, harmonious, sustainable economic ties with US: PM
Prime Minister Pham Minh Chinh said Vietnam always considers the US a partner of top significance, especially in economy, trade and investment, highlighting vast untapped potential for US firms in Vietnam.
Hanoi (VNA)🍷 – Prime Minister Pham Minh Chinh pushed for balanced, harmonious and sustainable economic and trade ties with the US during a working session in Hanoi on March 18 with a delegation from the US-ASEAN Business Council (USABC) and nearly 60 major US corporations.
PM Chinh welcomed their working trip, which coincides with the 30th anniversary of diplomatic ties and the second year of their Comprehensive Strategic Partnership.
Vietnam always considers the US a partner of top significance, especially in economy, trade and investment, he said, highlighted vast untapped potential for US firms in Vietnam. He expressed hope for the US’s expanded presence in the country, especially in such key sectors as energy, high technology, semiconductor, artificial intelligence (AI), aviation, aerospace, and climate change mitigation.
The guests praised the Vietnamese Government, particularly PM Chinh, for actively tackling challenges faced by foreign investors, including those form the US.
Commending Vietnam’s socio-economic development strategy bolstered by recently-issued Resolution 57-NQ/TW focusing on sci-tech, innovation and digital transformation, they signaled strong interest in expanding investments across green transition, digital economy, circular economy, energy, high tech, AI, data management, aviation, logistics, finance, telecom, healthcare, food processing, consumer goods, tourism, education, and agriculture.
They wished for faster administrative reforms, legal stability, and incentives to boost strategic projects aligning US expertise with Vietnam’s needs.
In reply, Chinh directed ministries and agencies to gather and address the delegation’s input promptly. He encouraged US firms to bridge business communities, leverage dialogue mechanisms between the Government and businesses, and host regular networking events. He also pushed for opportunities to integrate Vietnamese companies into US global supply chains, positioning Vietnam as the US’s key production and business hub in Southeast Asia.
The delegation was urged to advise the Vietnamese Government on refining policies and lobby President Donald Trump's administration for stronger, sustainable economic ties. He floated a new bilateral trade framework tailored to current realities and urged the US to avoid trade barriers on Vietnamese exports, recognise Vietnam’s market economy status soon, and remove Vietnam from the US Department of Commerce’s list of restricted hi-tech exports.
At the reception (Photo: VNA)
The host suggested collaboration in sci-tech and innovation, including tech transfers and workforce training support. He sought US expertise in energy development and infrastructure projects like railways, aviation, and maritime systems, specifically suggesting aircraft maintenance centres at Long Thanh and Gia Binh airports.
He also advocated for partnerships in modern digital infrastructure, 5G commercialisation, 6G research, and tech transfers for medical equipment, pharmaceuticals, and vaccines. In agriculture, he highlighted a sustainable, low-emission rice project spanning 1 million ha in the Mekong Delta as a prime investment target./.
Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.
PetroVietnam Gas Joint Stock Corporation (PetroVietnam PV Gas) signed Memoranda of Understanding with ConocoPhillips, an independent exploration and production company, and Excelerate Energy regarding long-term liquefied natural gas (LNG) purchase agreements.
Ambassador Dang Hoang Giang, Vietnamese Permanent Representative to the UN, affirmed that cinema plays a vital role as a cultural bridge, helping the two peoples become closer and understand each other over the 30 years of normalisation, development, and enhancement of bilateral relations.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
