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US Treasury Secretary begins visit to Vietnam

US Treasury Secretary begins visit to Vietnam

Wednesday, July 19, 2023, 16:13 GMT+7
US Treasury Secretary begins visit to Vietnam
U.S. Treasury Secretary Janet Yellen. Photo: Moneyweek/Getty Images

U.S. Treasury Secretary Janet Yellen began a working visit to Vietnam on Tuesday to discuss the two countries’ bilateral economic cooperation and issues of mutual concern.

The visit, which is set to wrap up on Friday, takes place at a time when the two nations are celebrating a decade of their comprehensive partnership.

Yellen will have a working session with governor of the State Bank of Vietnam Nguyen Thi Hong, according to the U.S. Embassy in Hanoi.

The U.S. treasury secretary had earlier hailed the cooperation of the two sides which has backed Vietnam’s macro-economic and financial resilience.

Yellen emphasized the U.S. support for Vietnam’s development and the importance of such development to the peoples of the two countries.

The U.S. official will also meet with Vietnamese Prime Minister Pham Minh Chinh, National Assembly Chairman Vuong Dinh Hue, Chairman of the Party Central Committee's Economic Commission Tran Tuan Anh, and Minister of Finance Ho Duc Phoc, according to a schedule publicized by the U.S..

Yellen will visit a start-up in Vietnam to boost cooperation in clean energy transition.

She planned to meet with female economists and entrepreneurs and attend a discussion of female economic leaders held by the Foreign Trade University in Hanoi.

The U.S. secretary will deliver a speech on the importance of developing resilient supply chains through friendshoring, the act of manufacturing and sourcing from countries that are geopolitical allies, and climate change response efforts.

Before arriving in Vietnam, Yellen attended a meeting with finance officials and central bank governors from the Group of 20 wrapping up on Tuesday in India.

Vietnam and the U.S. established their diplomatic relations in 1995 and upgraded their ties to a comprehensive partnership in 2013.

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Thanh Ha - Binh An / Tuoi Tre News


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