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Prime Minister Nguyen Xuan Phuc has a phone call with US President Donald Trump on December 22 – Photo: BNG
On the night of December 22, Prime Minister Nguyen Xuan Phuc and President Donald Trump discussed the investigation by the United States Trade Representative (USTR), the Vietnam Foreign Ministry reported on December 22. Vietnam’s monetary policy and wood materials pursuant to section 301 of the United States Trade Act 1974.
Specifically, on December 16, the US Department of Finance issued a report on “Macroeconomic Policies and Currencies of America’s Major Trading Partners”, thus placing Vietnam on the watch list. economies including China, Japan, Korea, Germany, Italy, Singapore, Malaysia, Taiwan, Thailand, and India.
Also in this report, Vietnam (along with Switzerland) was identified by the US Department of Finance as “currency manipulation.”
In the meeting with President Trump, Prime Minister Nguyen Xuan Phuc affirmed that Vietnam is a developing country with limited economic potential, therefore it operates monetary policy to control inflation and stabilize the macroeconomy. Exchange rate management is not intended to create an advantage in international trade competition.
“In that spirit, Vietnamese ministries and branches will continue to actively cooperate with American partners, comprehensively address the concerns of the United States and Vietnam, thereby maintaining trade relations to be stable, towards a harmonious, sustainable and mutually beneficial trade balance.” , informs the Ministry of Foreign Affairs.
Also during the phone call, the Prime Minister highly appreciated the leadership role and good affection that President Donald Trump has given to Vietnam over the years, and thanked Mr. Trump for his continued interest in promoting development. Relations between Vietnam and the United States.
The Prime Minister asserted that a “strong, independent, prosperous” Vietnam, playing an increasingly important role in the region, is the wish of the Vietnamese people and is also in line with American interests.
Prime Minister Nguyen Xuan Phuc and President Donald Trump unanimously assessed that the relationship between Vietnam and the United States has developed strongly in all fields after 25 years of establishing diplomatic relations and especially in recent years. Both leaders considered that relations between the two countries will continue to deepen and stabilize, bringing benefits to the two peoples, in which economic and commercial cooperation is the axis and engine of the bilateral relationship. .
According to the State Department, President Donald Trump respectfully asked Prime Minister Nguyen Xuan Phuc to convey his cordial greetings to the Vietnamese people.
“President Donald Trump said a lot for the country and the people of Vietnam and wanted to visit Vietnam again in the next time. President Donald Trump affirmed that the United States attaches great importance to the comprehensive partnership with Vietnam,” congratulates Vietnam successfully assumed ASEAN presidency 2020, making a positive contribution to peace, security, stability, cooperation and development in the region, ”said the Foreign Ministry.
