Vietnam-US ties elevated to highest level - comprehensive strategic partnership

By Anh Minh
Sun, September 10, 2023 | 8:34 pm GMT+7

Vietnam and the U.S. have agreed to raise bilateral ties to the level of comprehensive strategic partnership, the highest in Vietnam’s diplomatic hierarchy, during President Joe Biden’s ongoing state visit to Hanoi.

The upgrade takes Vietnam-U.S. relations on par with Vietnam's relationships with China, Russia, India and South Korea.

Vietnam has strategic partnerships with the other two members of the UN Security Council - France and the UK.

The various levels of diplomatic relations that Vietnam designates with other nations are, in ascending order: normal partnership, comprehensive partnership, strategic partnership and comprehensive strategic partnership.

The upgrade, up two notches, was announced in a press briefing after Party General Secretary Nguyen Phu Trong and President Joe Biden concluded an official dialogue.

General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and President Joe Biden hold talks in Hanoi, September 10, 2023. Photo courtersy of Youth newspaper.

General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and President Joe Biden hold talks in Hanoi, September 10, 2023. Photo courtersy of Youth newspaper.

Biden, who skipped an annual ASEAN summit in Indonesia earlier this week, arrived in Hanoi Sunday afternoon for a two-day state visit at Trong’s invitation as the two nations commemorate the 10th anniversary of their comprehensive partnership.

He is the fifth U.S. president to visit Vietnam since 1995, when the two former war adversaries normalized diplomatic relations. Vice President Kamala Harris had mentioned the possible upgrade of the bilateral relationship during her visit to Vietnam in August 2021 amid the Covid-19 pandemic.

Under the elevated partnership, named Comprehensive strategic partnership for peace, cooperation and sustainable development, the two countries will continue to uphold principles including mutual respect for political regimes, independence, sovereignty and territorial integrity.

Party chief Trong stressed the importance of “non-interference in domestic affairs,” saying the country highly appreciated the U.S.’s assertion that it supports Vietnam pursuit of becoming a strong, independent, self-reliant and prosperous nation.

Trong also welcomed the strengthening of economic, trade and investment ties and inclusive economic growth with innovation as a focal point, saying it would provide further momentum for bilateral relations.

He lauded the agreement between two sides to work together towards creating a breakthrough in science and technology cooperation.

Party General Secretary Nguyen Phu Trong hosts a welcome ceremony for visiting President Joe Biden in Hanoi, September 10, 2023. Photo courtesy of Youth newspaper.

Party General Secretary Nguyen Phu Trong hosts a welcome ceremony for visiting President Joe Biden in Hanoi, September 10, 2023. Photo courtesy of Youth newspaper.

For his part, Biden expressed his support for Vietnam’s development in the new phase, which entailed economic and technology cooperation in many areas including the electronics industry, climate change response and clean energy development.

Regarding issues related to the South China Sea, which Vietnam calls the East Sea, Trong said he highly valued the U.S.’s support for Vietnam’s and ASEAN’s stance. He requested the U.S. to continue its support and actively contribute to promoting peace, security and cooperation, ensuring freedom of navigation and overflight as well as the legitimate interests of countries in the South China Sea, resisting the use or threat of use of force.

The U.S. president emphasized Vietnam’s important role and position in the region and expressed the country’s active role in many regional and global issues including climate change mitigation. He affirmed his support for ASEAN’s centrality and stated his desire to cooperate with Vietnam to contribute to regional solidarity and prosperity.

Biden also emphasized that the South China Sea occupied an important position with respect to international prosperity and stability. He said the United States appreciated the goals of the Indo-Pacific Economic Cooperation Framework, noting that Vietnam was one of a dozen countries that first negotiated it.

* Link to US President address to the press following talks with Vietnam Party chief

Comments (0)
  • Read More
HCMC-based NextBold Capital eyes $100 mln fund to back SMEs in Vietnam, Cambodia, Laos

HCMC-based NextBold Capital eyes $100 mln fund to back SMEs in Vietnam, Cambodia, Laos

NextBold Capital, a Ho Chi Minh City-based private equity firm, is raising its first fund with an intended size of $100 million to invest in small and medium enterprises (SMEs) across Vietnam, Cambodia, and Laos.

Finance - Thu, September 19, 2024 | 11:23 am GMT+7

Samsung’s engineering arm eyes water management service in northern Vietnam

Samsung’s engineering arm eyes water management service in northern Vietnam

Samsung E&A, the engineering arm of South Korean conglomerate Samsung, seeks to provide water management, including clean water supply and wastewater treatment, in Vietnam’s northern province of Vinh Phuc.

Companies - Thu, September 19, 2024 | 11:12 am GMT+7

Vietnam’s top decision-makers greenlight craved high-speed railway

Vietnam’s top decision-makers greenlight craved high-speed railway

Vietnam's Politburo, the country's supreme decision-making body, has highlighted the significance of the sought-after North-South high-speed railway project and moved it forward.

Infrastructure - Thu, September 19, 2024 | 10:35 am GMT+7

QR code payments in Vietnam surge 172% in 2023

QR code payments in Vietnam surge 172% in 2023

QR code payments in Vietnam recorded a significant growth of 172% last year amid skyrocketing expansion in cashless payment transactions, according to the Vietnam Bank Card Association (VBCA).

Banking - Thu, September 19, 2024 | 8:17 am GMT+7

Prime Minister disciplines Deputy Finance Minister Vo Thanh Hung, two former deputy ministers

Prime Minister disciplines Deputy Finance Minister Vo Thanh Hung, two former deputy ministers

Prime Minister Pham Minh Chinh on Wednesday reprimanded Deputy Minister of Finance Vo Thanh Hung and issued warnings to former deputy finance ministers Huynh Quang Hai and Do Hoang Anh Tuan.

Politics - Wed, September 18, 2024 | 11:50 pm GMT+7

Non pre-funding solution effective for foreign investors on Vietnam stock market from Nov

Non pre-funding solution effective for foreign investors on Vietnam stock market from Nov

Foreign institutions will be able to buy Vietnamese stocks without having sufficient cash at the time of purchase from November 2, marking a significant milestone in the country's efforts to have its market status upgraded.

Finance - Wed, September 18, 2024 | 10:53 pm GMT+7

Asia Commercial Bank reports 5 new shareholders holding at least 1% stake

Asia Commercial Bank reports 5 new shareholders holding at least 1% stake

Vietnam’s private lender Asia Commercial Bank (ACB) has announced an updated list of shareholders owning 1% or more of its charter capital, with five additional names.

Banking - Wed, September 18, 2024 | 9:43 pm GMT+7

Thailand continues core policies to develop digital economy

Thailand continues core policies to develop digital economy

Thailand’s Digital Economy and Society (DES) Ministry will continue its eight core policies with a focus on curbing online fraud and creating a sustainable digital economy.

Southeast Asia - Wed, September 18, 2024 | 8:53 pm GMT+7

Malaysia freezes almost 100 bank accounts in child abuse case

Malaysia freezes almost 100 bank accounts in child abuse case

Malaysian authorities have frozen close to 100 bank accounts belonging to a charity group accused of running care homes where hundreds of children were allegedly abused.

Southeast Asia - Wed, September 18, 2024 | 8:34 pm GMT+7

Indonesia aims to optimize geothermal potential

Indonesia aims to optimize geothermal potential

Indonesian President Joko Widodo has said that the country should strive to optimize its geothermal resources which can generate about 24,000 megawatts of electricity.

Southeast Asia - Wed, September 18, 2024 | 8:34 pm GMT+7

Expand work permit validity, apply law consistently to maintain foreign investment success: VBF exec

Expand work permit validity, apply law consistently to maintain foreign investment success: VBF exec

Expanding the geographical validity of work permits and ensuring consistent application of the law across provinces are essential for Vietnam’s continued success as a global investment destination, says Colin Blackwell, head of the human resources sub-group at Vietnam Business Forum (VBF).

Economy - Wed, September 18, 2024 | 5:10 pm GMT+7

Thailand’s Krungsri, VietinBank to help Thai firms enter Vietnam

Thailand’s Krungsri, VietinBank to help Thai firms enter Vietnam

Thailand's leading bank Krungsri and VietinBank, a “Big-four” bank in Vietnam, will collaborate to help Thai companies expand their business to Vietnam.

Banking - Wed, September 18, 2024 | 4:54 pm GMT+7

‘Investors’ golden heart’ charity golf tournament to tee off on October 5

‘Investors’ golden heart’ charity golf tournament to tee off on October 5

About 150 golfers are expected to participate in the third edition of the “Investors' golden heart” tournament jointly organized by The Investor and carmaker Hyundai TC Motor on October 5.

Society - Wed, September 18, 2024 | 4:10 pm GMT+7

Bamboo Airways CEO faces temporary exit ban as carrier fails to fulfil tax obligations

Bamboo Airways CEO faces temporary exit ban as carrier fails to fulfil tax obligations

Luong Hoai Nam, CEO and legal representative of Bamboo Airways, has been temporarily banned from exiting the country as the private carrier failed to fulfil tax obligations, according to Binh Dinh province's Tax Department.

Companies - Wed, September 18, 2024 | 3:36 pm GMT+7

Singaporean businesses evince investment interest in Binh Dinh province: official

Singaporean businesses evince investment interest in Binh Dinh province: official

There has been a trend of Singaporean companies visiting and exploring investment opportunities in Binh Dinh recently, Chairman of the south-central Vietnam province Pham Anh Tuan said Tuesday.

Investing - Wed, September 18, 2024 | 2:57 pm GMT+7

$5.4 bln southern Vietnam petrochemicals complex to begin commercial operations next month

$5.4 bln southern Vietnam petrochemicals complex to begin commercial operations next month

Thailand’s Siam Cement Group (SCG) says “whole complex restart and test runs” are being conducted at the $5.4 billion Long Son Petrochemicals Complex (LSP) in Ba Ria-Vung Tau province towards beginning commercial operations next month.

Industries - Wed, September 18, 2024 | 1:52 pm GMT+7