Việt Nam welcomes US decision not to take trade action against Việt Nam

Created 25 July 2021
  • PDF
Editor Choice
(0 votes, average 0 out of 5)

HÀ NỘI – Việt Nam has welcomed the decision of the United States Trade Representative (USTR) in connection with the investigation into Việt Nam’s currency policy, spokesperson for the Vietnamese foreign ministry Lê Thị Thu Hằng said on Saturday.

Spokesperson for the Vietnamese Ministry of Foreign Affairs Lê Thị Thu Hằng. — VNA/VNS Photo

The USTR Office on July 23 issued a formal determination in the Việt Nam Currency Section 301 investigation saying the agreement reached between the US Department of the Treasury and the State Bank of Việt Nam (SBV) provides a satisfactory resolution of the matter subject to investigation and no trade action is warranted at this time.

Responding to reporters’ question about the decision of the USTR, the spokesperson said it is a positive step following the agreement reached on July 19 between the SBV and the US Department of Treasury.

She stressed that it is also thanks to the outcome of constructive dialogue with good will by both sides to address outstanding problems in bilateral economic ties, towards building a stable and sustainable relationship in the spirit of the comprehensive partnership between Việt Nam and the US.


Source: VNN

Maybe You Also Interesting :

» Việt Nam donates US$100,000 to US to help Kentucky tornado victims

A ceremony was held on Wednesday in Hà Nội to hand over US$100,000 from the Vietnamese Government and people to support bereaved families of tornadoes that...

» US donates further 4.4mln Pfizer vaccine doses to Việt Nam, Australia sends 1.1mln doses

About 131 million doses have been administered in the country, with first-dose and second-dose coverage in the adult population hitting 96.4 per cent and 76.5...

» Việt Nam responds to US-ASEAN summit rumours, not being invited to the US-led Summit for Democracy

Việt Nam is committed to building a Socialist democracy and stands ready to talk with the US on any differences, the foreign ministry spokesperson Lê Thị...