WASHINGTON: The United States welcomed Vietnam's planning and investment minister on Tuesday (Jun 25) for talks on enhancing economic cooperation, and said ties were stronger than ever, days after Hanoi upset Washington by hosting
US Undersecretary for Economic Growth, Energy and the Environment Jose W. Fernandez looks on during a news conference in Hanoi, Vietnam , Jan 26, 2024. WASHINGTON: The United States welcomed Vietnam 's planning and investment minister on Tuesday for talks on enhancing economic cooperation, and said ties were stronger than ever, days after Hanoi upset Washington by hosting
The US is to decide by July 26 on whether to elevate Vietnam to market-economy status, which would reduce punitive anti-dumping duties set on Vietnamese imports given its current status as a non-market economy marked by heavy state influence. He told the opening session that US-Vietnam trade was now worth US$124 billion, making Vietnam the US's ninth largest partner in trade in goods.
"We have to keep in mind while investors are bullish on Vietnam, we want to make sure that they have the regulatory and decision-making environment ... they require in order to continue their expansion in your country."In January, Fernandez said in Vietnam that 15 US companies, including semiconductors firms, had expressed interest in investing US$8 billion in Vietnam in clean energy infrastructure, contingent on the country's progress on renewable energy rules.
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