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
Vietnam corporate earnings to be driven by credit expansion, trading activity, property recovery

Vietnam corporate earnings to be driven by credit expansion, trading activity, property recovery

With Q3 earnings season underway, results are expected to come in broadly in line with expectations. Financials should remain the largest contributors, benefiting from credit expansion and trading activity, while real estate continues to recover as project launches and sales rates improve, writes Tung Dang, associate director at Dragon Capital.

Economy - Tue, October 21, 2025 | 2:33 pm GMT+7

Inland port opens in southern Vietnam province Tay Ninh, set to become border logistics hub

Inland port opens in southern Vietnam province Tay Ninh, set to become border logistics hub

The 16.5-hectare Tan Cang-Moc Bai inland port in Tay Ninh province, southern Vietnam has been opened, offering logistics services and handling customs clearance for imports and exports.

Infrastructure - Tue, October 21, 2025 | 12:03 pm GMT+7

State-managed property trading centers will help curb speculation, price manipulation: expert

State-managed property trading centers will help curb speculation, price manipulation: expert

Establishment of state-managed real estate trading centers is expected to create a transparent transaction channel, helping control and limit speculation and price manipulation in the Vietnamese market.

Real Estate - Tue, October 21, 2025 | 8:37 am GMT+7

Vietnam's benchmark VN-Index records sharpest drop in 25-year history

Vietnam's benchmark VN-Index records sharpest drop in 25-year history

VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), saw the sharpest decline in its 25-year history on Monday, down by 94.76 points, or 5.47%, to 1,636.43.

Finance - Mon, October 20, 2025 | 5:49 pm GMT+7

Construction contractor Coteccons sets record FY2026 targets, capital base hike via share issue

Construction contractor Coteccons sets record FY2026 targets, capital base hike via share issue

Coteccons Construction JSC (HoSE: CTD), one of Vietnam’s largest construction contractors, has set ambitious targets for its fiscal year 2026, driven by a record order backlog and its push into international markets.

Companies - Mon, October 20, 2025 | 4:50 pm GMT+7

Real estate, gold markets to be fully established by 2026: Prime Minister

Real estate, gold markets to be fully established by 2026: Prime Minister

Vietnam plans to complete comprehensive legal framework for its financial, real estate, and gold markets by 2026 as part of a broader effort to modernize market infrastructure and accelerate economic growth, said Prime Minister Pham Minh Chinh.

Finance - Mon, October 20, 2025 | 3:33 pm GMT+7

Vietnam breaks ground on nation’s most advanced domed stadium in Hung Yen province

Vietnam breaks ground on nation’s most advanced domed stadium in Hung Yen province

Vietnam’s Ministry of Public Security has broken ground on a 60,000-seat domed stadium in the northern province of Hung Yen, set to become the country’s most technologically advanced sports venue.

Society - Mon, October 20, 2025 | 2:48 pm GMT+7

Workforce and logistics - keys to sustainable e-commerce growth in Vietnam: experts

Workforce and logistics - keys to sustainable e-commerce growth in Vietnam: experts

Businesses and online shop owners in Vietnam should pay greater attention to human resources and logistics, considering these factors “keys” to competitive advantage in the increasingly volatile e-commerce market, according to experts.

Economy - Mon, October 20, 2025 | 10:54 am GMT+7

Construction stocks ignite Vietnam’s market rally by year-end

Construction stocks ignite Vietnam’s market rally by year-end

FDI inflows into Vietnam are hitting record highs, while faster public investment disbursement and stable construction material costs are fueling a late-year surge in construction stocks, analysts said.

Finance - Mon, October 20, 2025 | 10:44 am GMT+7

Vietnam's central bank struggles to rein in cross-ownership

Vietnam's central bank struggles to rein in cross-ownership

Cross-ownership and bank manipulation in Vietnam have eased, yet control remains elusive as shareholders and related parties conceal ownership through nominees, the State Bank of Vietnam (SBV) said in a report to the country’s legislature.

Banking - Mon, October 20, 2025 | 8:34 am GMT+7

Viettel Post-invested $27 mln logistics center project breaks ground in central Vietnam

Viettel Post-invested $27 mln logistics center project breaks ground in central Vietnam

Viettel Post, a subsidiary of military-run Viettel Group, has broken ground on an over VND722 billion ($27.41 million) logistics center project in Danang city, which is expected to enhance the logistics capacity of Vietnam's central and Central Highlands regions.

Industries - Sun, October 19, 2025 | 7:35 pm GMT+7

Vietnam's stock market regulator introduces green bond disclosure handbook

Vietnam's stock market regulator introduces green bond disclosure handbook

By enhancing transparency and standardizing disclosures, the Green Bond Disclosure Handbook that the State Securities Commission of Vietnam (SSC) introduced will build investor trust, reduce greenwashing risks, and support the growth of a credible and resilient green finance market in Vietnam.

Finance - Sun, October 19, 2025 | 2:11 pm GMT+7

Central Vietnam province Lam Dong seeks investment for 72 projects

Central Vietnam province Lam Dong seeks investment for 72 projects

The Lam Dong province People's Committee has called for investment in 72 projects across various sectors which are set for implementation in 2025 and the 2026-2030 period.

Industries - Sun, October 19, 2025 | 1:31 pm GMT+7

Vietnam's leading conglomerate Vingroup ventures into senior living market

Vietnam's leading conglomerate Vingroup ventures into senior living market

Vingroup JSC (HoSE: VIC) has unveiled Vin New Horizon, a network of premium retirement and wellness communities built to international standards, marking the Vietnamese conglomerate’s strategic entry into the senior living market.

Industries - Sun, October 19, 2025 | 12:28 pm GMT+7

Vietnam’s agri major HAGL makes surprise return to property, saying land plot forgotten for 15 years

Vietnam’s agri major HAGL makes surprise return to property, saying land plot forgotten for 15 years

Vietnam’s agri major Hoang Anh Gia Lai JSC's (HAGL) return to real estate is an accident, after discovering a plot of land the company had “forgotten for 15 years” during its boom years, said chairman Doan Nguyen Duc.

Companies - Sun, October 19, 2025 | 10:02 am GMT+7

REE to set up 2 subsidiaries for wind projects in southern Vietnam

REE to set up 2 subsidiaries for wind projects in southern Vietnam

Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (HoSE: REE) has decided to establish two wholly-owned subsidiaries to develop two wind power projects in Vinh Long province, expanding its renewable energy portfolio in southern Vietnam.

Energy - Sun, October 19, 2025 | 8:00 am GMT+7