During the talks, Deputy PM Hue said he is happy to see the bilateral relation grew steadily over the recent past and hailed bilateral cooperation in economic and trade, with bilateral trade value touching US$60 billion last year.
Of this figure, exports from the US jumped to more than US$12 billion, up upwards of 36% over a year earlier, making Vietnam one of the markets with the fastest growth of the US.
Hue also assured the Vietnamese Government’s readiness to improve the investment environment and facilitate US businesses to invest and do business in Vietnam.
Instructions will be given to Vietnamese relevant ministries and sectors in a bid to deal with major concerns of the US side like the import of automobiles, cyber security, e-payment, and financial and monetary issues.
Secretary Mnuchin, in turn, glowingly spoke of the prospects for stronger bilateral relations in economics, trade and investment, as well as the Vietnamese Government’s attention to and facilitation of the settlement of the issues of the US concern.
He welcomed the recent signing of a number of economic cooperation totaling US$21 billion during President Donald Trump’s trip to Vietnam on the margins of the US-Democratic People’s Republic of Korea summit.
The US official voiced his hope that both sides continue to step up future cooperation and greatly valued Vietnam’s provision of information for the US side on Vietnam’s advocates in the financial and monetary fields, and asked Vietnam to continue comparing notes with the US side on this issue.
The two sides consented to continue further augmenting their cooperation in financial – monetary, economic- trade and investment fields, thereby making considerable contribution to fostering bilateral relations towards the celebration of the 25th anniversary of the Vietnam – US diplomatic ties next year.