Mnuchin lauds improvements in Vietnam-US relations amid currency manipulation rumor
Mnuchin expected Vietnam and the US to continue discussing Vietnam’s monetary policy.
US Treasury Secretary Steven Mnuchin highly regarded recent improvements in the US – Vietnam relations in economy, trade and investment, as well as expressed his delight at being updated on Vietnam’s monetary and financial policies, Vietnam News Agency reported.
Deputy Prime Minister Vuong Dinh Hue made the call with US Treasury Secretary Steven Mnuchin. Source: Vietnam News Agency.
|
During the phone call, Mnuchin expected Vietnam and US to continue discussing Vietnam’s monetary policy.
The US Treasury Secretary welcomed recent economic contracts worth over US$21 billion signed between enterprises from two countries during the trip of US President Donald Trump to Hanoi in late February.
According to Mnuchin, the move would take the US – Vietnam economic relation to a new height.
Meanwhile, Deputy PM Hue said Vietnam gives priority to the comprehensive partnership between Vietnam and US, adding the economic and trade relation between the two countries has been on the positive trend.
In 2018, bilateral trade turnover reached over US$60 billion, of which US exports amounted to US$12 billion, up 40% year-on-year. Vietnam has been one of the US fastest-growing export markets.
Hue stated Vietnam’s top agenda is to continue improving the business and investment environments, creating favorable conditions for US companies committing long-term business in Vietnam.
The government would request government agencies to address US concerns regarding car import, cyber security, e-payment, finance and monetary issues, among others.
22:02, 2024/12/17
Regional, international financial centers mean boosters to Vietnamese economy: Deputy PM
Ho Chi Minh City envisions its financial center encompassing the money market, banking system, capital market, and derivatives market.
15:44, 2024/11/14
IFC sets record with US$1.6 in climate financing to support Vietnam’s green transition
The new commitments aim to bolster Vietnam's shift towards a low-carbon economy while enhancing private-sector resilience and competitiveness.
21:44, 2024/11/11
Vietnam's credit growth up 10% in 10 months
Vietnam’s central bank has set a credit growth target of around 15% this year.
08:08, 2024/10/05
Building Hanoi's smart city with smart banking
In Hanoi's smart city development strategy, smart payment and open banking ecosystems are critically important.
21:34, 2024/09/19
Vietnam stock market clears major legal hurdle to potential upgrade
Starting November 2, foreign investors will no longer be required to pre-fund 100% of their transactions, promising the removal of a major roadblock for Vietnam's market upgrade process.
17:29, 2024/09/01
Cashless parking in Hanoi: Good model fuels smart transport
Hanoi’s leaders believe that all that's left to do is act with the ultimate goal of serving people from smart transportation, armed with the mindset and solutions of a new global vision and thinking.
- Banking sector dominates Vietnam’s corporate bond market
- Prime Minister expects lending to grow by 15% this year
- Vietnam, Singapore strengthen partnership in stock exchange operations
- HSBC raises Vietnam’s GDP growth forecast to 6.5% in 2024
- Hanoi to push for smart tax agency
- Taxes revenue from online shopping in Vietnam nearly triple in H1