Treasury Secretary Yellen to visit Vietnam to strengthen ties

U.S. Treasury Secretary Janet Yellen is paying a visit to Vietnam next week to enhance bilateral relations.

From July 13-21 (American time), Yellen will come to Gandhinagar, India to participate in the G20 Finance Ministers and Central Bank Governors meetings and then to Hanoi, the U.S. Treasury announced Thursday.

She will depart India for Vietnam on July 18 (American time), the Treasury said.

While in Vietnam, Yellen will work towards deepening the bilateral economic relationship with Vietnam and bolstering economic resilience.

In her Vietnam itinerary, she will meet with State Bank of Vietnam Governor Nguyen Thi Hong on July 20.

"During the meeting, Secretary Yellen will express satisfaction with our work together to address concerns about Vietnam’s currency practices as part of increasing Vietnam’s financial and macroeconomic resilience.

"She will stress the United States is supportive of Vietnam’s growth and underscore that it is good for both the Vietnamese and the American people," the U.S. Treasury said.

Yellen will then participate in a bilateral meeting with Prime Minister Pham Minh Chinh. "During the meeting, Secretary Yellen will stress that the deep economic ties between the U.S. and Vietnam help create greater economic resilience through what she calls friendshoring’," the Treasury wrote.

The Secretary will then participate in a lunch with women economists and entrepreneurs. Next, she will join a bilateral meeting with the Communist Party of Vietnam's Central Economic Commission Chair Tran Tuan Anh.

"Later, she will join a site visit to highlight our work together to power a clean energy transition. Additional details will be provided closer to the event," the Treasury said.

In the evening, Yellen will participate in a dinner co-hosted by the State Bank of Vietnam Governor and a Deputy Prime Minister.

On July 21, she will meet with Vietnam’s Minister of Finance Ho Duc Phoc. "During the meeting, Secretary Yellen will stress that the United States considers Vietnam a key partner in the Indo-Pacific and highlight efforts to deepen the already significant trade and investment ties between our two countries."

Yellen will also join moderated discussions at a female leadership conference in the economic sector hosted by the Foreign Trade University in Hanoi. After that, she will meet with National Assembly Chairman Vuong Dinh Hue.