WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
US urged to recognize Vietnam as a market economy
Ngoc Mai 20:14, 2024/03/26
The US expresses its strong support for Vietnam's development in high-tech sectors, energy transition, climate change adaptation, and dealing with the legacy of war.

Vietnam looks forward to strengthening cooperation with the US across all sectors and urges the latter to promptly recognize the country as a market economy.

 Minister of Foreign Affairs Bui Thanh Son and US National Security Advisor Jake Sullivan. Source: VNA

Minister of Foreign Affairs Bui Thanh Son shared the view during a meeting with US National Security Advisor Jake Sullivan on March 25, during his visit to the US to co-chair the first Vietnam-US annual dialogue between the foreign ministers of the two countries.

During the meeting, Sullivan reaffirmed the value the US places on its relationship with Vietnam and the US position of supporting an independent, self-reliant, and prosperous Vietnam with an increasingly important role in Southeast Asia and on the international stage. He emphasized the US’s support for Vietnam's development in high-tech sectors, energy transition, climate change adaptation, and efforts to address war aftermaths.

Son reiterated Vietnam's independent, self-reliant, peaceful, friendly, diversified, and multilateral foreign policy and stressed the strategic importance of the partnership between Vietnam and the US.

He called on both sides to continue to enhance cooperation, prioritize well-prepared exchanges and contacts between the two countries, maintain existing dialogue mechanisms, explore new mechanisms, including addressing remaining differences, and work together to deal with the aftermath of the war. He also called for expanding economic and trade cooperation and scientific and technological collaboration and urged the US to promptly grant  Vietnam the market economy status.

On this occasion, Sullivan conveyed President Joe Biden's greetings and appreciation to General Secretary Nguyen Phu Trong and Vietnam's senior leadership.

Son also extended the greetings of General Secretary Nguyen Phu Trong and Vietnam's senior leadership to President Joe Biden and invited Sullivan to visit Vietnam soon.

 The Minister and USAID Director Samantha Power. 
Addressing war aftermaths
On the same day, Son met with the Director of the United States Agency for International Development (USAID), Samantha Power.
Power stated that USAID prioritizes its relationship with Vietnam, continuing to focus on working together to address war aftermaths, including dioxin remediation at Bien Hoa Airbase, enhancing DNA identification capacity for Vietnamese scientists to search for and identify the remains of Vietnamese soldiers who died in the war, enhancing healthcare and social services to improve the quality of life for people with disabilities, supporting Vietnam in mitigating the impacts of climate change, sustainable development, human resource development, healthcare infrastructure development, and disease control.

Son highly appreciated USAID's support for Vietnam and requested the agency to continue allocating resources to implement projects in Vietnam, explore new cooperation areas such as high-quality human resource training, climate change adaptation, and energy transition, and expand Fulbright University into a regional training center. The two sides also agreed to continue close coordination in the approval and effective implementation of USAID projects in Vietnam, contributing to the robust, profound, and substantive development of the Comprehensive Strategic Partnership between Vietnam and the US across all fields.

RELATED NEWS
TAG: Vietnam news vietnam us vietnam market economy vietnam jake sullivan
Other news
14:47, 2024/11/15
Year-end hiring spree as Hanoi companies ramp up recruiting
In the fourth quarter, many major holidays will lead to increased hiring as companies finalize orders and anticipate new projects.
13:33, 2024/11/14
Vietnam's digital economy expected to grow big in 2024
E-commerce is expected to reach US$22 billion in 2024, leading the growth of Vietnam's digital economy.
22:03, 2024/11/13
Incheon-Hanoi conference marks milestone in tourism development cooperation
Hanoi and South Korea's Incheon aim to increase their visibility among Vietnamese and international travelers through a series of events to promote MICE (Meetings, Incentives, Conferences and Exhibitions) tourism and medical tourism to Vietnam.
14:21, 2024/11/12
Hanoi's businesses place focus on digital transformation
Businesses need to utilize digital technologies to streamline operations, increase efficiency, and provide greater value to customers.
03:04, 2024/11/08
Semiconductor market reaches $18.2 billion: SEMIEXPO Vietnam 2024
Vietnam a key player in tackling the challenges facing the global semiconductor supply chain.
15:52, 2024/11/07
Hanoi DigiTech 2024 connects businesses through digital products
The expo offers companies a chance to showcase their tech products and services while seeking strategic partners in e-commerce and digital technology.