Economic diplomacy should create more frameworks for Vietnam-US cooperation: Ambassador

At the conference on the implementation of the Government’s action programme materialising a directive by the Party Central Committee's Secretariat on economic diplomacy. (Photo: VNA)

Washington D.C. (VNA) – Economic diplomacy shouldmaintain and create more economic cooperation frameworks, including investmentand trade agreements, between Vietnam and the US, a diplomat has said.

Vietnamese Ambassador to the US Nguyen Quoc Dungmade the suggestion in an interview granted to the Vietnam News Agency on outcomes of the conference on the implementation of the Government’s actionprogramme materialising a directive by the Party Central Committee'sSecretariat on economic diplomacy, which took place in Hanoi last month.

This is the biggest-ever conference on economicdiplomacy, he said, adding that it helps raise the confidence of Vietnameserepresentative offices abroad in economic diplomacy, which has received thestrong support from the government, ministries and agencies at home.

Noting challenges to the global economy, Dung also pointed to favourable conditions for Vietnam to tap the US market. He tookthe examples of the US’s diverse demand for goods, and Vietnam’s attractivenessin terms of geographical location, policies adopted by the government, andcapacity of localities and businesses.

Vietnam is working on the Indo-Pacific EconomicFramework for Prosperity, while the US plays host to the Asia-Pacific EconomicCooperation (APEC) this year, which would facilitate economic links between thetwo countries, the ambassador added.  

Vietnamese Ambassador to the US Nguyen Quoc Dung (Photo: VNA) 

Dung suggested Vietnam maintain the market to increaseits exports to the US, work to protect legitimate rights of businesses inthe face of anti-dumping and trade fraud investigations on Vietnamese goods,and step up trade promotion in the areas where Vietnam has demand and the UShas strengths like renewable energy, semiconductor industry and high-tech agriculture.

The diplomat stressed that US investors haveexpanded their operations in Vietnam, and many others have shown theirintereste in the Southeast Asian market.

Notably, more Vietnamese firms have invested in theUS and they have received appreciation from the host country.

These are favourable conditions for Vietnam’seconomic diplomacy in the US, the ambassador continued.

To better economy diplomacy, Dung stressed the needto raise public awareness of the work, tighten coordination between ministriesand agencies, and increase resources, both workforce and finance, for units athome and representative offices abroad./.

VNA