Trade cooperation a focus of Vietnam-US ties

The Vietnamese Government official made the remark at a meeting with US Deputy Trade Representative Jeffrey Gerrish in Hanoi on May 21, during which he affirmed that the Vietnamese Government is making great efforts to improve business environment and fine-tune national competitiveness. 

Vietnam attaches importance to perfecting institutions and policies to create favourable conditions for domestic and foreign investors, including those from the US, to operate effectively in the country, Hue stressed.

Sharing Hue’s opinion, Gerrish said the US would further develop its cooperation with Vietnam. 

The US wants to reach agreement with Vietnam in settling problems related to car import, electronic payment, and regulations in Vietnam’s draft law on cyber security that requires servers managing data of Vietnamese users be installed in Vietnam, he noted. 

In his reply, Deputy PM Hue said he would ask relevant ministries to propose ways to address the issues mentioned by Gerrish before a delegation of the Vietnamese Government make a working visit to the US next month. 

Regarding the Vietnam-US trade and economic ties, the Vietnamese Government is concerned about the US’s imposition of anti-dumping tax on shrimp and leather shoes, and high taxes on steel and aluminium of Vietnam, Hue said.

Gerrish said he believes difficulties between the two sides would soon be resolved, thus pushing the economic relations between the two countries in the coming time.