The two sides agreed that meetings between Vietnamese leaders and US President Donald Trump in late February in Hanoi contribute to promoting the bilateral partnership between the two countries, especially in investment and trade.

Deputy Prime Minister Vuong Dinh Hue (R) receives Charles Freeman, Senior Vice President for Asia at the US Chamber of Commerce, in Hanoi on March 8.

Freeman said that he is looking forward to welcoming Party General Secretary and President Nguyen Phu Trong at the USCC in the future when the Vietnamese leader visits the US at the invitation of President Trump.

The American Chamber of Commerce in Vietnam (AmCham Vietnam) has coordinated closely with Vietnamese ministries, sectors and the Vietnam Chamber of Commerce and Industry to introduce the White Book on Vietnam-US trade partnership, and organize the US-Vietnam Business Summit in May this year, he said.

Freeman said that the USCC supports the US’s opening of its door for Vietnamese firms, as well as Vietnam’s similar act for US businesses.

Deputy PM Hue thanked the AmCham Vietnam for assisting the Vietnamese Government in assessing the attraction and the use of foreign investment in the country.

Noting that the Vietnam-US relationship is now developing very well, Hue suggested that the USCC and Vietnamese enterprises continue to work out initiatives to foster bilateral investment and trade ties, to be manifested in the White Book that will be introduced soon.

The Vietnamese Government pays great attention to proposals of US enterprises to promote trade and investment collaboration between the two business communities, he stated.

100 Vietnamese SMEs to enjoy support from Amazon, VIETRADE

The Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade and Amazon Global Selling introduced details of their plan on May 5 to support small and medium-sized enterprises (SME) in Vietnam to expand their business globally and build their international trademarks.

 

US continues to be leading trade partner of Vietnam

Two-way trade turnover between Vietnam and the US has increased nearly 120 times, reaching over 60 billion USD in 2018 from 450 million USD in 1994, since the normalization of bilateral relations 25 years ago

 

Trade deficit estimated at 900 million USD in February 2019

Vietnam saw a trade deficit of nearly 900 million USD in February 2019, according to the General Department of Customs.

 

Positive signals in Vietnam - Russia bilateral trade in early 2019

In the first month of 2019, there were positive signs in welcoming the Vietnam Year in Russia and the Russia Year in Vietnam as export-import activities between the two countries were active, resulting in strong growth in the bilateral trade turnover compared to the same period last year.

 

Source: VNA