Thursday, November 28, 2024 8:54:25 AM - Markets open
VN-INDEX 1,241.97 0.00/0.00%
HNX-INDEX 223.09 0.00/0.00%
UPCOM-INDEX 91.96 0.00/0.00%
Forum promotes Việt Nam–US trade, investment relations
Vietnam News - 9/15/2023 2:01:50 PM
 (0 ratings. You must sign in to rate.)
 The Ministry of Industry and Trade coordinated with the HCM City People's Committee to organise the Việt Nam-US Trade Forum on Wednesday in HCM City.
 
The annual Việt Nam-US Trade Forum discussed how clean energy, infrastructure, healthcare, and the digital economy are among the areas in which the two nations can expand trade ties in future.
 
Speaking at the forum, Deputy Minister of Industry and Trade Đỗ Thắng Hải said Việt Nam has always considered the US one of its most important partners.
 
The official cited statistics showing that two-way trade increased from US$450 million in 1995 when the two countries established diplomatic relations to $124 billion last year.
 
The US has been Việt Nam’s second biggest trading partner and the largest and most important export market for many years, while Việt Nam is the eight largest trading partner of the US, he said.
 
The two countries have signed many agreements, documents, and agreements, and in particular, recently on September 10, the two countries officially upgraded their relationship to the level of Comprehensive Strategic Partnership for Peace, Cooperation, and Sustainable Development, a major, historic upgrade from the current Comprehensive Partnership.
 
This is truly a historic milestone in bilateral relations, something that no one could have imagined nearly 30 years ago.
 
According to the Deputy Minister, recently, the difficult economic situation and high inflation rate in the US have caused the purchasing power of consumers to decrease and that is also one of the reasons why Việt Nam's exports to the US decreased in the first months of the year. However, this decrease was expected to be temporary and not a major trend in the near future.
 
“Việt Nam's exports have grown again in recent months, showing an expected improvement for 2023. Vietnam's traditional and strong export products such as textiles, furniture, footwear and electronics are expected to continue to recover with positive export growth," Hải said.
 
“Along with the traditional fields of co-operation, the two sides need to look forward to the fields of the future. I especially want to emphasise three important areas with great potential for co-operation between the two countries - digital transformation and supply chain diversification, energy transformation and technological innovation and environmental protection.”
 
Digital transformation would be the main driving force of the global economy, and Việt Nam is trying to catch up to narrow the development gap, he said.
 
It is also making efforts to participate in the global production network and value chain, especially in the diversification of supply chains, to meet the urgent global requirements of today, he said.
 
“Việt Nam has been and will continue to be a reliable destination for businesses, including American, in an effort to ensure a clean and stable supply chain in a volatile world,” he said.
 
Maxime Dourdan, Boeing Supply Chain Development Director for Southeast Asia, Japan and the Republic of Korea, highly appreciated the potential and important position of the Vietnamese market for Boeing's business strategy as well as its opportunities for cooperation with national companies.
 
In the coming time, Boeing will focus on three main directions: deepening business relations in the aviation sector with Vietnamese airlines; cooperation in specific areas such as helicopters and transport; investment in the development of the aeronautical spare parts and equipment supply chain in Việt Nam. — VNS
 
Read original article here
Newer News
27/11 Da Nang strives to early pilot free trade zone model
27/11 Vietnam's pepper exports surpass $1 billion In first 10 months
27/11 Excise tax increase on alcohol may reduce GDP: experts warn
27/11 Binh Duong speeds up public investment disbursement to boost growth
27/11 Telecoms service providers invest in 4G, 5G technologies
27/11 Electronic traceability for seafood products boosts transparency for export
26/11 Proposal on establishing railway joint venture considered
26/11 E-commerce is chance and challenge for domestic goods
25/11 Vietnam named among the 30 largest export economies
25/11 Huge potential for VN, UK to boost cooperation in clean energy
Older News
15/09 SOEs should take the lead in promoting innovation, enhancing competitiveness, PM urges
13/09 Việt Nam wants to join in consumer goods supply chain: Deputy PM
11/09 Market expected to perform positively on Biden's visit
06/09 PM urges efforts to ensure power, petroleum supply
31/08 VN's macro-economic indices in August released
31/08 Construction material prices forecast to increase sharply in Q3
30/08 Foreign investment remains on upward trend
30/08 Vietnamese, Singaporean firms licensed to take first steps of offshore wind power project
30/08 CPI increases 0.88 per cent in August
30/08 Việt Nam's export revenues swell by billions dollars courtesy of free trade pacts
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 8:45:00 AM
VN-INDEX 1,241.97 0.00/0.00%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.