Vietnam welcomes US move not to change bilateral trade policy

VOV.VN - Vietnam welcomes the US’s latest decision not to take any trade action against the nation concerning the Vietnam Currency Section 301 investigation.

Le Thi Thu Hang, a spokesperson for the Ministry of Foreign Affairs of Vietnam, made the statement on July 24 after the Office of the United States Trade Representative (USTR) issued a formal determination in the Vietnam Currency Section 301 investigation one day earlier.

The USTR concluded that “no trade action is warranted at this time” and that the move reflects the agreement reached earlier this week between the US Department of the Treasury and the State Bank of Vietnam (SBV). 

“This is a positive step following the agreement reached on July 19 between the State Bank of Vietnam and the US Department of the Treasury,” Hang said.  

“This is also the result of constructive dialogue and goodwill of both sides to resolve problems in bilateral economic relations, towards building a stable and sustainable relationship that benefits both countries in the spirit of a Comprehensive Partnership,” she added.

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US removes tariff threats against Vietnam
US removes tariff threats against Vietnam

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.

US removes tariff threats against Vietnam

US removes tariff threats against Vietnam

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.