Developing substantive, effective and sustainable Vietnam-US comprehensive partnership
Monday, 2017-05-29 04:17:24
NDO - Vietnamese Prime Minister Nguyen Xuan Phuc is making an official visit to the United States of America for the first time in his current role as head of government from May 29-31 at the invitation of US President Donald Trump.
This will also be the first meeting held between a senior Vietnamese leader and President Donald Trump after the new Vietnamese leadership was elected and Donald Trump was elected president of the United States.
Situated on the Western hemisphere, covering 9.8 million square metres and having a population of over 320 million, the US is the third largest and most populous country in the world. Composed of 50 states and a federal district, the US is the most ethnically diverse country in the world. As a developed industrialised nation, the US is the world’s largest economy with GDP in 2016 estimated at US$18.5 trillion, accounting for about 24% of global economic output.
Since the third quarter of 2009, the US economy has begun recovering from recession, with GDP growth hitting 2.4%, 2.6% and 1.6% in 2014, 2015 and 2016 respectively. President Donald Trump’s administration is taking a range of measures to recover production and create more jobs.
Vietnam and the US formally established diplomatic relations in 1995. The bilateral relationship has seen positive and substantive progress since the two countries established a comprehensive partnership in 2013. The Vietnam-US comprehensive partnership has been further strengthened in a more active, intensive and substantive manner by General Secretary Nguyen Phu Trong’s historic visit to the US in July 2015, when the two countries signed a joint vision statement, and former US President Barrack Obama’s visit to Vietnam in May 2016. After President Donald Trump was elected, Vietnam and the US have continued to hold exchanges, notably Prime Minister Nguyen Xuan Phuc’s telephone conversation with President Donald Trump.
Concerning economic cooperation, the US has become the largest market of Vietnamese exports since 2005. Two-way trade has been growing at 20% on average in recent years, reaching US$53 billion in 2016. The US is currently the eighth largest foreign investor in Vietnam, with more than US$10 billion in 815 projects, as of November 2016. The US also ranks 9th among 68 countries that receive Vietnam’s foreign direct investment, with US$571 million in 147 projects.
Security and defence cooperation has also been maintained and strengthened. Other areas of cooperation such as education and training, science and technology, tourism, healthcare, the environment, humanitarian cooperation and people-to-people exchange all see positive progress. The two sides continue to hold frank and constructive dialogues on issues of difference while endeavouring to avoid having a negative effect on the bilateral relationship.
In multilateral cooperation, Vietnam and the US have stepped up cooperation and collaboration at international and regional forums; strengthened and promoted the role of ASEAN while fostering ASEAN-US relations; and cooperated in global issues such as counter-terrorism, non-proliferation of weapons of mass destruction, climate change response, food security, energy and water resources.
Prime Minister Nguyen Xuan Phuc’s first official visit to the United States reflects Vietnam’s foreign policy of peace, independence, self-reliance, cooperation and development; multilateralisation and diversification of international relations; and proactive and active international integration. The visit affirms that Vietnam attaches importance to fostering ties with the US and Vietnam’s willingness to cooperate with President Donald Trump’s administration to build on existing achievements and further deepen Vietnam-US relations on the basis of mutual respect for one another’s independence, sovereignty, territorial integrity, political system and development path, for the sake of both countries, for peace, stability and developmental cooperation in the region and the world at large.
Prime Minister Nguyen Xuan Phuc’s visit is welcomed by members of the US Congress and business community. The co-chairs of the US Congressional Caucus on ASEAN have issued statements welcoming the trip and confirming that they attach importance to furthering Vietnam-US relations.
During the visit, which coincides with the 40th anniversary of Vietnam’s United Nations membership, Prime Minister Nguyen Xuan Phuc will visit New York and meet UN Secretary-General Antonio Guterres. Since Vietnam joined the United Nations in 1977, the organisation has become a forum for Vietnam to implement its foreign policy goals. Vietnam has also proactively and actively participated in the UN’s activities and agendas. Prime Minister Nguyen Xuan Phuc’s visit to the UN and meeting with its leadership affirms that Vietnam attaches importance to the role of the world’s largest multilateral organisation and that Vietnam is an active, responsible member of the UN and the international community, seeking to make active contributions to the goals of peace, stability and sustainable development.
May Prime Minister Nguyen Xuan Phuc’s visit to the US be successful, helping to further boost the Vietnam-US comprehensive partnership in a more substantive, effective and sustainable manner; promoting cooperation between Vietnam and the UN, contributing to peace, stability, cooperation, development and prosperity in the Asia-Pacific region and the world at large.