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
Oman Investment Authority to expand investment fund in Vietnam

Oman Investment Authority to expand investment fund in Vietnam

Prime Minister Pham Minh Chinh has proposed Oman to enlarge the Vietnam-Oman Investment Fund (VOI) to $1 billion to better cater for the Southeast Asian country's investment needs.

Economy - Fri, May 30, 2025 | 11:26 pm GMT+7

Japanese retailer Aeon to build 2-hectare mall in Vietnam’s Mekong Delta

Japanese retailer Aeon to build 2-hectare mall in Vietnam’s Mekong Delta

Retail giant Aeon will develop a 2-hectare mall in the Mekong Delta province of Tien Giang, with an estimated investment of VND1.16 trillion ($44.6 million).

Industries - Fri, May 30, 2025 | 4:44 pm GMT+7

76% of Vietnamese survey respondents say trade uncertainty encourages them to explore new opportunities: HSBC

76% of Vietnamese survey respondents say trade uncertainty encourages them to explore new opportunities: HSBC

Vietnamese businesses have experienced exponentially higher cost increases than the global average and are expecting additional short-term costs due to trade uncertainty. But many survey respondents (76%) think trade uncertainty has encouraged their business to evolve and explore new opportunities, write HSBC analysts.

Consulting - Fri, May 30, 2025 | 2:41 pm GMT+7

AgriS partners with IFC: Optimizing environmental and social management system, accelerating net zero 2035 goal

AgriS partners with IFC: Optimizing environmental and social management system, accelerating net zero 2035 goal

TTC AgriS (Thanh Thanh Cong-Bien Hoa JSC or AgriS) and International Finance Corporation (IFC) - a member of the World Bank Group - has signed an MoU to strengthen sustainable development governance in alignment with global standards.

Companies - Fri, May 30, 2025 | 2:30 pm GMT+7

Vietnam's stock market attractively priced: Finnish fund PYN Elite

Vietnam's stock market attractively priced: Finnish fund PYN Elite

Vietnam’s stock market is attractively priced, with a price-to-sales (P/S) ratio of 1.3, said Petri Deryng, portfolio manager at Finnish investment fund PYN Elite.

Finance - Fri, May 30, 2025 | 2:09 pm GMT+7

S Korea's SK Group eyes 3 LNG power projects in Vietnam: chairman

S Korea's SK Group eyes 3 LNG power projects in Vietnam: chairman

SK Group, South Korea’s second-largest chaebol, is exploring several LNG-fueled power projects in Vietnam, including three proposed to be included in the country's green growth project portfolio, said chairman Tae-Won Chey.

Energy - Fri, May 30, 2025 | 1:37 pm GMT+7

Vietnam's Hoa Phat Group to become Southeast Asia’s first producer of steel rails for high-speed railways

Vietnam's Hoa Phat Group to become Southeast Asia’s first producer of steel rails for high-speed railways

Hoa Phat Group, a top steelmaker in Vietnam, on Thursday signed an agreement with Germany’s SMS Group under which the latter will provide the former technology and production lines for manufacturing steel rails and shaped steel, with an annual capacity of 700,000 tons.

Companies - Fri, May 30, 2025 | 11:48 am GMT+7

Vietnamese firm lands first $1 mln order on Alibaba after 8-year struggle to export

Vietnamese firm lands first $1 mln order on Alibaba after 8-year struggle to export

After five months of operating a virtual storefront on Alibaba’s B2B e-commerce platform, Sukavina Co., Ltd., a Binh Duong province-based manufacturer of metal tables, chairs, and beds, secured its first international order, marking a significant milestone in the company’s eight-year journey to global markets.

Companies - Fri, May 30, 2025 | 9:00 am GMT+7

Vietnam's telco giant Viettel signs deal with France’s John Cockerill Defense

Vietnam's telco giant Viettel signs deal with France’s John Cockerill Defense

Viettel High Tech, the core military and civilian R&D arm of Vietnam’s military-run telecom giant Viettel, has signed a cooperation agreement with John Cockerill Defense, a leading weapon designer and manufacturer in France.

Companies - Thu, May 29, 2025 | 9:14 pm GMT+7

MB showcases comprehensive financial solution Biz MBBank at Digital Transformation Day event

MB showcases comprehensive financial solution Biz MBBank at Digital Transformation Day event

Vietnam's leading bank MB on Thursday introduced its latest digital technology solutions, notably the Biz MBBank digital financial platform, at the "Smart Digital Ecosystem in the New Era" event organized by the central bank.

Companies - Thu, May 29, 2025 | 8:02 pm GMT+7

Vietnam's auto distributor TMT to launch $3.8 mln charging station firm

Vietnam's auto distributor TMT to launch $3.8 mln charging station firm

Vietnamese auto distributor TMT Motors has announced the establishment of a charging station company with a charter capital of VND100 billion ($3.84 million).

Companies - Thu, May 29, 2025 | 4:45 pm GMT+7

US's Excelerate Energy affirms intention to turn Vietnam into LNG hub for ASEAN

US's Excelerate Energy affirms intention to turn Vietnam into LNG hub for ASEAN

Excelerate Energy wants to make Vietnam a center for LNG distribution to the ASEAN region, president and CEO Steven Kobos told Prime Minister Pham Minh Chinh at a meeting in Hanoi on Thursday.

Energy - Thu, May 29, 2025 | 4:33 pm GMT+7

Bourse shifts to heat up Vietnam's banking stocks

Bourse shifts to heat up Vietnam's banking stocks

Several Vietnamese banks are planning to move their shares from the Unlisted Public Companies Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE) this year, creating new momentum for banking stocks, long dubbed the “king” group.

Finance - Thu, May 29, 2025 | 2:48 pm GMT+7

Dairy giant TH Group proposes 5 projects in southern Vietnam

Dairy giant TH Group proposes 5 projects in southern Vietnam

TH Group, one of Vietnam’s leading dairy producers, has proposed five major projects in the southern province of Binh Phuoc, in the fields of industrial production and urban area, golf course and high-tech agricultural production zone developments.

Industries - Thu, May 29, 2025 | 12:02 pm GMT+7

2024 cyberattack 'a blessing in disguise' for Vietnam's leading broker VNDirect: chairwoman

2024 cyberattack 'a blessing in disguise' for Vietnam's leading broker VNDirect: chairwoman

The cybersecurity breach that major Vietnamese brokerage VNDirect Securities encountered in 2024 was "an unfortunate incident, but also a lucky chance", chairwoman Pham Minh Huong said on Wednesday.

Finance - Thu, May 29, 2025 | 9:48 am GMT+7

Vietnam prioritizes smart, green seaport projects: Deputy PM

Vietnam prioritizes smart, green seaport projects: Deputy PM

Vietnam encourages smart and green seaport investments, as technical barriers related to CO2 emissions and CO2 taxes begin to be tightened up globally.

Infrastructure - Wed, May 28, 2025 | 10:07 pm GMT+7