Deputy Prime Minister Tran Luu Quang and US Under Secretary of Commerce for International Trade Marisa Lago at the meeting in Hanoi on March 9, 2023. (Photo: VNA)

Deputy Prime Minister Quang expressed his belief that US Under Secretary of Commerce Lago’s visit, on the occasion of the 10th anniversary of the Vietnam-US comprehensive partnership, will contribute to opening up more cooperation opportunities for the two countries in the future.

Vietnam wishes to foster the bilateral relations in a more substantive and comprehensive fashion, with more outcomes, on the basis of respect for independence, self-reliance, territorial integrity and political institutions of each other, for peace, stability, cooperation and development in the region and the world at large, he stressed.

The Deputy Prime Minister noted that Vietnam regards foreign investment as a crucial part of the national economy, and that the country is striving to build an equal, transparent business environment in line with market principles, and always listens to and accompanies investors and handles their obstacles.

Deputy Prime Minister Tran Luu Quang hosts US Under Secretary of Commerce for International Trade Marisa Lago. (Photo: VNA)

Vietnam and the US should exchange experience, information and policies relating to digital transformation, and cooperate to improve digital capacity and skills for labourers in both public and private sectors, Deputy Prime Minister Quang suggested.

Vietnam will proactively cooperate with the US to address their shared concern and maintain the stability of the bilateral trade, making it harmonious, sustainable and mutually beneficial, he continued.

For her part, US Under Secretary of Commerce Lago said her visit is aimed at discussing with relevant sides about the Indo-Pacific Economic Framework for Prosperity (IPEF) and other issues of shared concern like digital economy, digital transformation, supply chain, green economy and renewable energy.

Deputy Prime Minister Quang said he hopes that the IPEF discussions will contribute to promoting free and balanced trade between countries, as well as sustainable development in the region and the world, thus benefiting people of participating nations.