Vietnam, US discuss monetary policy during phone talks
VOV.VN - Vietnam will actively cooperate with the United States to address concerns about the monetary policy and timber materials in the country, according to Deputy Prime Minister and Foreign Minister Pham Binh Minh.
Minh made the affirmation during phone talks on January 6 with US Secretary of State Mike Pompeo.
Both sides exchanged views regarding the United States Trade Representative (USTR)'s ongoing investigation of Vietnam’s timber material and monetary policy under Section 301 of the 1974 Trade Act.
Minh said Vietnamese ministries and agencies will continue to work closely with their US partners in a bid to comprehensively deal with both sides’ concerns, so as to maintain stable trade relations towards a harmonious, sustainable and mutually beneficial trade balance.
Meanwhile, Secretary Pompeo highly appreciated the two sides’ willingness to hold exchanges on the issues. He reaffirmed the US attaches great importance to and is committed to maintaining stable relations with Vietnam as well as supporting a strong, independent and prosperous Vietnam which plays an increasingly important role in the region.
The two diplomats highly valued the close cooperation between the Ministry of Foreign Affairs of Vietnam and the US Department of State over the past time, helping deepen the comprehensive partnership between Vietnam and the US in all areas. They welcomed both sides’ efforts to flexibly organize activities to commemorate the 25th anniversary of their diplomatic relations despite the COVID-19 pandemic.
Both sides agreed to strengthen cooperation on the basis of respect for each other’s independence, sovereignty, territorial integrity and political institutions, actively contributing to security, peace, cooperation and development in region and the rest of the world.
In late December 2020 Vietnamese Prime Minister Nguyen Xuan Phuc also phoned US President Donald Trump about the monetary issue. Phuc affirmed that Vietnam is a developing country with limited economic potential, so it has pursued the monetary policy in favor of inflation control and macro-economic stabilization, with the monetary policy not aimed at gaining an advantage in international trade.
