Based on the agreement between the US Department of the Treasury and the State Bank of Vietnam which provides a satisfactory resolution of the matter subject to investigation, the USTR will not take any trade action against Vietnam.

The USTR's formal conclusion is the result of a process of substantive dialogue and goodwill of both sides to solve problems in bilateral economic relations.

The MoIT welcomes and highly appreciates this decision of the USTR. It has particularly positive implications for bilateral economic-trade relations, business and investment environment in Vietnam, and multifaceted cooperation between the two countries, according to the ministry.

This is also a positive step following the agreement reached on July 19 between the State Bank of Vietnam and the US Department of the Treasury, the ministry said, adding that it is the result of a process of substantive dialogue and goodwill of both sides to solve problems in bilateral economic relations, towards building a stable and sustainable relationship that is beneficial to both countries in the spirit of comprehensive partnership.

As Chairman of the Vietnam Sub-committee of the Vietnam-US Trade and Investment Framework Agreement (TIFA) Council, the MoIT has coordinated with Vietnamese ministries and agencies to promote policy dialogue through the mechanism of the TIFA Council, bringing about substantive results, the ministry said.

Since October 2019, under the direction of the Prime Minister, leaders of Vietnam's ministries and agencies have actively worked with the US side to try to handle many issues with specific results, thereby contributing to strongly promoting bilateral trade activities.

In the coming time, Vietnam will continue to actively cooperate with US partners to comprehensively address the concerns of the US and Vietnam, thus maintaining stable trade relations, towards a harmonious and sustainable trade balance for mutual benefit, the MoIT said.

Vietnam and Australia promote agricultural trade

Vietnam and Australia will continue to cooperate and support each other to achieve the best results for the agricultural industries of the two countries in the coming time.

Vietnam-China border trade vibrant despite Covid-19

The northern border province of Lang Son has managed to maintain its role as a main gateway for border trade with the Chinese market, despite the significant impact of the Covid-19 pandemic on commercial services and import and export of goods in the locality.

Online trade conference on Vietnamese longan slated for mid-July

An international online trade conference on Vietnamese longan products is scheduled to take place on July 15 and 16, 2021 with the participation of 80 domestic and foreign enterprises, according to the Ministry of Industry and Trade (MoIT).

Bac Giang lychee introduced at Vietnam-Japan trade promotion webinar

(BGO) - On the evening of June 16, the Japan Federation of Young Leaders and Entrepreneurs (JCI) in collaboration with JCI Vietnam under the Ho Chi Minh City Young Entrepreneurs Association organized an online seminar to promote trade between Vietnam and Japan, with the participation of a number of businesses and associations from both nations, including those in Bac Giang province.

Vietnam enjoys US$3.27 billion trade surplus in agro-forestry-fishery

Vietnam posted a trade surplus of US$3.27 billion from agro-forestry-fishery trade in the first five months of 2021, down 28.3% from the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).

Source: NDO/VNA