Vietnam keeps effective communications on economic issues with US: spokeswoman
Vietnam will maintain close cooperation and regular and effective communications channels with the US, share information, increase understanding and tackle outstanding problems in bilateral ties, especially in economy and trade, to help bilateral economic ties meet both sides’ interests, Foreign Ministry Spokeswoman Pham Thu Hang told a regular press meeting on November 9.
The headquarters of the Vietnamese Ministry of Foreign Affairs in Hanoi (Photo: VNA)
Hanoi (VNA) – Vietnam will maintain close cooperation and regular andeffective communications channels with the US, share information, increase understanding and tackle outstanding problems in bilateral ties, especially in economy and trade, to help bilateral economic ties meet bothsides’ interests, Foreign Ministry Spokeswoman Pham Thu Hang told aregular press meeting on November 9.
She madethe remark when responding to a question about the US Department of theTreasury’s latest report on the macro-economic and foreign exchange policies ofmajor trading partners of the US.
The report, released on November 7, named six economies,including Vietnam, in the monitoring list of majortrading partners that merit close attention to their currencypractices and macro-economic policies.
The spokesperson noted that the report did not list Vietnam as a currencymanipulator and made positive assessments on the results of the country’smonetary policy and exchange rate governance./.
The State Bank of Vietnam (SBV) on September 25 continued to issue 10 trillion VND (over 409 million USD) worth of treasury bills (T-bills) with a term of 28 days through the interest rate auction mechanism.
The State Bank of Vietnam (SBV)'s issuance of bills is not a signal of monetary policy reversal, but there is only limited room for the SBV to further loosen monetary policy, and this is not positive news for the stock market at the end of this year, analysts forecast.
As the governance of the monetary policy has to concurrently guarantee multiple targets, including reducing interest rates, expanding credit, stabilising foreign exchange rates, and ensuring credit institutions’ safety, thorough consideration is needed before any steps are taken, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
In the face of difficulties and challenges, the State Bank of Vietnam (SBV) has been proactively and flexibly governing the monetary policy, also coordinated with the fiscal policy and other macro-economic ones, to control inflation and help stabilise the macro-economy and boost growth, thus winning high evaluation from the international community.
The US Department of the Treasury has continued not to list Vietnam as a currency manipulator in its latest semi-annual report on the macro-economic and foreign exchange policies of major trading partners of the US, the State Bank of Vietnam (SBV) said on November 8.
For 50 years, Vietnam and New Zealand have worked together to uphold peace and prosperity for their peoples and the region. The friendship, cooperation, and mutual understanding Vietnam and New Zealand nurtured have grown from a seed into a deeply rooted, strong, and thriving tree, she stressed.
Since the Strategic Partnership was established in 2020, Vietnam and New Zealand have witnessed steady growth in the relations. Beyond the remarkable 40% increase in bilateral trade over five years, political relations and multilateral interactions, particularly within the CPTPP framework, have remained highly positive.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
The resolutions issued by the PM as well as ministries and ministry-level agencies reassign responsibility for 346 administrative procedures - 18 from district to provincial levels, 278 to commune level, and 50 eliminated.