Vietnam, US see ample room for cooperation: ambassador

By VNA/The Investor
Tue, July 25, 2023 | 12:31 pm GMT+7

Vietnamese Ambassador to the U.S. Nguyen Quoc Dung believes that the two nations’ relationship will continue to reach new heights, serving the tangible interests of their peoples and contributing to maintaining peace, stability, security, cooperation, and development in the Asia-Pacific region and the world.

Vietnamese Ambassador to the U.S. Nguyen Quoc Dung. Photo courtesy of the government portal.

Vietnamese Ambassador to the U.S. Nguyen Quoc Dung. Photo courtesy of the government portal.

Expressing his belief in an interview with Vietnam News Agency on the occasion of the 10th anniversary of the Vietnam-U.S. comprehensive partnership (July 25, 2013 - 2023), the diplomat stated that the highlight of the past decade was the bilateral ties’ robust growth across all areas, including politics, diplomacy, economics and trade, culture, education, science-technology, healthcare, defence-security, and people-to-people exchanges. He said such growth truly reflects the meaning of a comprehensive partnership.

In politics and diplomacy, the most notable achievement was the significant improvement in understanding and mutual respect. Both sides have shown respect for each other's independence, sovereignty, territorial integrity, and political systems. Vietnam and the US have maintained regular high-level exchanges and contacts.

Meanwhile, economic and trade relations have been the fastest and strongest growing pillar, serving as the driving force for the overall relationship. The sides’ bilateral trade increased more than fivefold, from $25 billion in 2012 to nearly $139 billion in 2022. Vietnam has become the seventh-largest trading partner of the U.S. worldwide.

Regarding people-to-people exchanges, there are currently around 23,000 to 25,000 Vietnamese students going to study in the U.S. annually, ranking first in Southeast Asia and fifth globally in this regard. With an average of 800,000 U.S. tourist arrivals to Vietnam per year before the Covid-19 pandemic, the U.S. has been consistently placed in the top five sources of visitors to the Southeast Asian nation.

Dung noted that addressing the aftermath of the war remains a high priority and has achieved many specific results. Both sides have devoted significant resources and efforts to the search for and identification of the remains of fallen Vietnamese soldiers, dioxin detoxification (completed at Danang airport and ongoing at Bien Hoa airport), bomb and mine clearance, and support for people with disabilities and those affected by dioxin/Agent Orange. Vietnamese agencies have cooperated with the U.S. side to search for, identify, and repatriate the remains of 733 missing U.S. soldiers.

The ambassador said he believes that in the future, the shared priority is to further strengthen and deepen cooperation in all spheres.

First, in politics and diplomacy, it is necessary to reinforce mutual understanding, increase exchanges at all levels, especially high levels, and enhance the effectiveness of existing dialogue mechanisms.

Second, the sides should develop stable, sustainable economic, trade, investment, and scientific and technological relations, while minimising trade defence actions. Additionally, they need to focus on cooperation in emerging and high-tech areas, such as the digital economy, green economy, circular economy, and maintaining the sustainability of supply chains.

Third, more attention should be paid to cultural and artistic exchanges as well as education and training in line with Vietnam's needs for high-quality human resources. Attracting more U.S. tourists to Vietnam and supporting Vietnamese and Vietnamese-origin people in the U.S. are also important.

Fourth, the countries need to accelerate cooperation in addressing the war consequences because as time goes on, the conditions for remediation become more challenging.

Fifth, both sides should enhance their effective collaboration at multilateral forums, especially within the framework of the ASEAN-U.S. comprehensive strategic partnership and the Asia-Pacific Economic Cooperation (APEC). They should also team up in resolving global issues, particularly emerging ones like the environment, climate change response, and clean energy transition.

United States Secretary of State Antony Blinken. Photo courtesy of the U.S. Embassy in Hanoi.

United States Secretary of State Antony Blinken. Photo courtesy of the U.S. Embassy in Hanoi.

U.S. Secretary of State Antony Blinken on Monday delivered a recorded video statement highlighting the strong and growing relationship between the U.S. and Vietnam on the 10th anniversary of the two countries' Comprehensive Partnership (July 25, 2013-2023).

In his remarks, he underlined the breadth of cooperation between the two countries, spanning economic, environmental, and security issues.

"We have built a relationship that's dynamic, consequential, and growing stronger every day," Blinken said. "Our countries are working together on an incredibly broad range of shared interests to the benefit of our peoples and people across the region and world."

Blinken also highlighted the partnerships between the two countries on economic issues, including promoting inclusive economic opportunity, resilient supply chains, and infrastructure.

He noted that the U.S. is helping Vietnam reach its goal of net-zero emissions by 2050 while powering sustainable development and strengthening public health systems.

Blinken also emphasized the importance of people-to-people ties, which he called the "foundation of our relationship", commenting that the U.S. and Vietnam are working to enable more students, researchers, entrepreneurs, and tourists to collaborate and travel between the two countries.

Blinken also touched on the issue of addressing the legacies of the Vietnam War, stating that the U.S. remains committed to clearing unexploded ordnance, eliminating dioxin hot spots, accounting for the missing, and other joint efforts.

"For the United States, that's a matter of trust and a matter of duty," he said.

The U.S. diplomat expressed optimism about the future of the U.S.-Vietnam relationship in his address.

Recalling the breaking ground of a new, state-of-the-art U.S. embassy in Hanoi, which he attended during his visit earlier this year, he expressed gratitude to all those working to make the partnership between the two countries a reality.

"I can't wait to see where the next 10 years takes us together," Blinken said.

Comments ( 0)
  • Read More
Taiwanese firm Panjit invests $45 mln to expand semiconductor facility in Vietnam

Taiwanese firm Panjit invests $45 mln to expand semiconductor facility in Vietnam

After acquiring a 95% stake in Ho Chi Minh City-based Torex Vietnam Semiconductor, Taiwanese semiconductor manufacturer Panjit has approved an additional $45 million investment in its production facility in Vietnam.

Industries - Tue, May 12, 2026 | 10:56 am GMT+7

Rising inflation pressure poses challenge for Vietnam’s monetary policy

Rising inflation pressure poses challenge for Vietnam’s monetary policy

Vietnam’s central bank is facing mounting pressure to balance economic growth and inflation control as rising global prices, exchange rate risks and the prospect of a return to trade deficits complicate monetary policy management.

Banking - Tue, May 12, 2026 | 10:44 am GMT+7

Australia launches anti-dumping probe into Vietnamese coated steel exports

Australia launches anti-dumping probe into Vietnamese coated steel exports

Australia, one of the few remaining markets still applying a 0% anti-dumping duty on Vietnamese coated steel products, has launched an anti-dumping investigation into exports from Hoa Sen Group and Nam Kim Steel, further narrowing export opportunities for Vietnam’s coated steel makers.

Economy - Tue, May 12, 2026 | 8:17 am GMT+7

ThaiGroup plans $4.9 bln tourism-resort complex in northern Vietnam

ThaiGroup plans $4.9 bln tourism-resort complex in northern Vietnam

Vietnam’s multi-sector corporation ThaiGroup plans to implement a VND128 trillion ($4.86 billion) tourism and resort complex in the northern province of Ninh Binh, home to the UNESCO-recognized Trang An scenic landscape complex, later this year.

Real Estate - Mon, May 11, 2026 | 10:41 pm GMT+7

Vietnamese dairy giant Vinamilk plans cautious price hikes as input costs rise

Vietnamese dairy giant Vinamilk plans cautious price hikes as input costs rise

Vietnam’s top dairy producer Vinamilk (HoSE: VNM) plans to raise product prices by around 2-3% as the company faces renewed pressure from higher raw material and logistics costs, according to brokerage Vietcap Securities following a recent investor meeting.

Companies - Mon, May 11, 2026 | 10:11 pm GMT+7

Vinaconex shifts toward property, infrastructure under former CEO

Vinaconex shifts toward property, infrastructure under former CEO

Nguyen Xuan Dong has returned to Vinaconex as chairman after serving as CEO from late 2018 to April 2026, a period marked by multiple challenges including disputes with Sovico Group, the impact of the Covid-19 pandemic, and geopolitical tensions that drove up raw material costs.

Companies - Mon, May 11, 2026 | 3:07 pm GMT+7

HCMC sees surge in land-related revenue as property firms pay tens of millions of US dollars

HCMC sees surge in land-related revenue as property firms pay tens of millions of US dollars

Budget revenue from land in Ho Chi Minh City has rebounded sharply as a series of real estate projects overcome legal bottlenecks and developers begin fulfilling financial obligations, according to the city’s Finance Department.

Real Estate - Mon, May 11, 2026 | 12:58 pm GMT+7

Average lending rates begin edging lower: Vietnam central bank

Average lending rates begin edging lower: Vietnam central bank

Average lending rates in Vietnam have started to decline slightly as the central bank steps up measures to support liquidity and ease borrowing costs, said Pham Chi Quang, head of the State Bank of Vietnam's monetary policy department.

Banking - Mon, May 11, 2026 | 11:43 am GMT+7

Battle for Vietnam beer market share shows no signs of cooling as firms ramp up advertising spending

Battle for Vietnam beer market share shows no signs of cooling as firms ramp up advertising spending

After a period of decline, the Vietnamese beer market is entering a recovery cycle amid an increasingly costly advertising battle among major producers.

Economy - Mon, May 11, 2026 | 8:00 am GMT+7

Taiwanese apparel material supplier Paiho injects additional $120 mln into southern Vietnam unit

Taiwanese apparel material supplier Paiho injects additional $120 mln into southern Vietnam unit

Paihong Vietnam Co. Ltd., a unit of Taiwan-based Paiho Shih Holdings Corporation serving the footwear and apparel industries, has decided to raise capital by $120 million through the issuance of 120 million new shares.

Industries - Sun, May 10, 2026 | 5:28 pm GMT+7

Vietnam calls for expanded flexible financing tools from ADB

Vietnam calls for expanded flexible financing tools from ADB

Prime Minister Le Minh Hung has called on the Asian Development Bank (ADB) to expand flexible and preferential financing instruments better suited to Vietnam’s funding needs for development investment in the coming period.

Economy - Sun, May 10, 2026 | 4:08 pm GMT+7

Asia’s leading luxury travel magazine hails Hanoi's new opera house: 'Move aside, Sydney'

Asia’s leading luxury travel magazine hails Hanoi's new opera house: 'Move aside, Sydney'

Even while under construction, the new Hanoi Opera House at West Lake has become a focal point for international media.

Companies - Sun, May 10, 2026 | 11:21 am GMT+7

Duc Giang Chemicals CEO reassures shareholders, accepts profit erosion pressure

Duc Giang Chemicals CEO reassures shareholders, accepts profit erosion pressure

CEO of Duc Giang Chemicals Group JSC (HoSE: DGC) Luu Bach Dat admitted shortcomings in the company’s legal compliance following the arrest of senior executives and pledged to close regulatory loopholes to prevent similar issues in the future.

Companies - Sun, May 10, 2026 | 10:54 am GMT+7

Vietnam developer Saigonres plans $650 mln investment for next 5 years

Vietnam developer Saigonres plans $650 mln investment for next 5 years

Saigon Real Estate Group JSC (Saigonres) plans total investment of VND17.11 trillion ($650.37 million) for 2026-2030, implying average annual capital demand of about VND3-4 trillion ($114-152 million).

Real Estate - Sun, May 10, 2026 | 10:15 am GMT+7

Firms must abandon five leadership habits to navigate AI era: FPT CEO

Firms must abandon five leadership habits to navigate AI era: FPT CEO

The important thing is not to chase AI, but to apply AI to solve the right organizational problems, said Nguyen Van Khoa, CEO of FPT Corporation, a leading technology company in Vietnam.

Companies - Sun, May 10, 2026 | 8:00 am GMT+7

Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure

Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure

Trung Nam Thuan Nam Solar Power Company Limited, a subsidiary of the multi-sector Trung Nam Group, incurred a net loss of VND969 billion ($36.83 million) in 2025, reversing a profit of VND138.2 billion ($5.35 million) a year earlier, according to its 2025 earnings statement.

Companies - Sat, May 9, 2026 | 3:01 pm GMT+7