Tran Tuan Anh, Chairman of the Party Central Committee’s Economic Commission, Minister of Industry and Trade and Chairman of the Vietnam-US Trade and Investment Framework Agreement Council (TIFA) (Photo: VNA)The consensus was reached during recent phone talks between Tran Tuan Anh,Chairman of the Party Central Committee’s Economic Commission, Minister ofIndustry and Trade and Chairman of the Vietnam-US Trade and InvestmentFramework Agreement (TIFA) Council, and US Trade Representative Katherine Tai.
The two sides shared the view that after more than 25 years of thenormalisation of the bilateral relations, thanks to efforts of the twocountries’ leaders, the close and effective collaboration between theVietnamese Ministry of Industry and Trade (MoIT) and the Office of US TradeRepresentative, in their capacity as co-chairs of the TIFA Council, as well aspartnerships between other ministries, agencies and businesses, the economicand trade ties have reaped practical outcomes.
The Vietnam-US relationship has experienced strong development across spheres,Anh said, expressing his belief that the bilateral relationship will remainstable in the time ahead, and be driven by the economic and trade ties.
For her part, Tai lauded results of policy dialogues between the two countriesthrough the TIFA, saying the two sides could seek satisfactory solutions tomany economic and commercial issues for a short period of time, contributing toenhancing the two-way trade.
According to the MoIT, trade between Vietnam and the US hit a record of 90.8 billionUSD last year, and they are working hard to raise the figure to 100 billion USDthis year.
Over the past five years, Vietnam’s export revenue to the US surged 230percent, while its import value was up more than 175 percent.
The US has become Vietnam’s biggest buyer and the Southeast Asian nation hasemerged as the 10th largest trade partner of the US./.
VNA
