Vietnam, US enhance comprehensive partnership
The activities during the Pacific Partnership 2017 (PP17) were examples of the development of a comprehensive partnership between Vietnam and the US, according to US Ambassador to Vietnam Ted Osius.
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Osius said PP17 members worked with Khanh Hoa agencies to improve the ability of local medical staff, enhance capacity for humanitarian assistance and climate change adaptation and expand cooperation in the region.
This year marks the fourth consecutive year Vietnam has hosted the event.
Vietnam and the US established diplomatic ties in July 1995, and later set up a comprehensive partnership in July 2013.
Over the years, the US has become one of the leading trade partners of Vietnam.Bilateral trade has grown by about 20 percent each year. Despite a trade deficit with Vietnam, the US has enjoyed rapid export growth rate of 77 percent annually, four times higher than the growth of Vietnam’s shipments to the US.
With 815 projects with total registered capital of 10.07 billion USD, the US ranks eighth among 112 countries and territories investing in the Southeast Asian nation.
In March 2017, the two countries restarted meetings of the Council on Bilateral Trade and Investment Framework Agreement.
Both sides have also intensified cooperation in other fields such as security, defence, science, technology, information technology, bio-technology, oceanography and space technology.
