US, Vietnam to lend a hand bizarre economic talks, discover technical partnership

US, Vietnam to protect routine financial talks, explore technical partnership

© Reuters. FILE PHOTO: U.S. Secretary of Treasury Janet Yellen is welcomed by the Governor of the Insist Monetary institution of Vietnam Nguyen Thi Hong in Hanoi, Vietnam July 20, 2023. REUTERS/Thinh Tien Nguyen

By Andrea Shalal

WASHINGTON (Reuters) – The United States and Vietnam on Thursday stated they had agreed to protect routine, senior staff-level talks on macroeconomic insurance policies and efforts to protect monetary steadiness, and would also explore a that you just will be in a role to hiss technical aid partnership.

U.S. Treasury Secretary Janet Yellen and Insist Monetary institution of Vietnam Governor Nguyen Thi Hong launched the agreements in a joint inform as Yellen wrapped up her consult with to Hanoi, underscoring their wish to fortify U.S.-Vietnamese ties.

“The United States and Vietnam are trusted companions with a friendship grounded in mutual recognize and the shared just of promoting tough, resilient, right, and inclusive assert,” they stated. “We compare forward to strengthening this partnership extra in coming years.”

The two leaders stated they saw “a essential different” to fortify cooperation between the 2 countries with a just of reaching tough, inclusive, and sustainable assert thru properly-designed macroeconomic insurance policies.

They agreed to deepen their engagement by preserving a routine, senior-level dialogue on macroeconomic and monetary insurance policies, sharing info on stable and atmosphere pleasant monetary markets, and supporting their mutual objectives of tough, resilient, right, and inclusive financial assert and monetary steadiness.

They also mighty within the inform that Treasury appreciated efforts by Vietnam’s central monetary institution to extra modernize and give a clutch to the transparency of its monetary protection and alternate fee administration framework, to advertise macroeconomic steadiness, and to be sure that the security and soundness of the banking intention.

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Treasury in November removed Vietnam from its monitoring list for that you just will be in a role to hiss currency manipulation, collectively with that it was once elated with Hanoi’s growth in addressing considerations about its currency practices.

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