Viet Nam and the USA have witnessed remarkable strides and historical milestones in their relations over the past 20 years, especially in economics and education-training.

Deputy Prime Minister Vuong Dinh Hue speaks at the AmCham Gala 2017 (Photo: toquoc.vn)

Deputy Prime Minister Vuong Dinh Hue made the remarks while addressing the recent AmCham Gala 2017 organised by the US Chamber of Commerce in Ha Noi.

The establishment of the comprehensive partnership in 2013 has created a firm foundation for the two countries to develop their all-around rapports in the region and beyond, he said.

Particularly the two sides have reaped positive outcomes in economic-trade-investment ties, with the bilateral trade enjoying an annual growth of 20%, making Viet Nam one of the biggest trade partners of the USA in Southeast Asia, he added.

The USA is the 7^th largest investor in Viet Nam with a total investment of over 11 billion USD.

Regarding education-training cooperation, more than 28,000 Vietnamese students are pursuing learning and research courses at US universities.

Many US students consider Viet Nam a must-see destination to enrich their life experiences, the Deputy PM said.

He also hailed the crucial role of AmCham and the US business community in the Viet Nam-USA relations over the past two decades.

The operation of the US firms in Viet Nam has helped the Southeast Asian country integrate more intensively into the global economy and secure a foothold in the global supply chain, he added.

He hoped the US enterprises will continue joining hands with Viet Nam to boost the win-win cooperation in the coming time.

The strong reforms of the Vietnamese Party and state over the past time will create a favourable business condition for foreign companies, including those from the USA, he said.

He noted that Viet Nam recorded a positive growth in 2016 with the establishment of over 110,000 businesses.

The country is also hosting the Asia-Pacific Economic Cooperation (APEC) forum, he said, adding that the active support and participation of the US leaders in the APEC Year 2017 is not only important to Viet Nam but also to the whole region for peace, stability and common development.

Vietnamese leaders have invited US President Donald Trump to attend the APEC Economic Leader's Meeting and pay an official visit to Viet Nam, Hue said.

“It is a high time for the two countries to exert more efforts and promote creativity to maintain and boost the momentum of development,” he noted.

Speaking at the event, US Ambassador to Viet Nam Ted Osius recognised the recent reforms of the Vietnamese government in administrative procedures and business development.

He also expressed his regret that the Trans-Pacific Partnership (TPP) agreement was not supported by President Donald Trump and affirmed there is no trade protectionism in the USA.

Trade, investment, and education-training will be mutual benefits of the future cooperation of Viet Nam and the USA, he noted.

(Source: VNA)