U.S. Vows to Support Development of Viet Nam’s Capital, Real Estate Markets

2:06:56 PM | 5/13/2022

The U.S. is willing to share experience with and support Viet Nam in building capacity and mechanisms to effectively develop capital and real estate markets.

Prime Minister Pham Minh Chinh (R) meets U.S. Secretary of the Treasury Janet Yellen, Washington D.C., the U.S., May 11, 2022 - Photo: VGP/Nhat Bac

U.S. Secretary of the Treasury Janet Yellen made that above statement during her meeting with Prime Minister Pham Minh Chinh in Washington D.C., the U.S., on the occasion of the PM's visit to the U.S. from May 11-17, 2022. 

During the meeting, the U.S. Secretary of the Treasury stressed that the U.S. hopes to foster economic-trade-investment relations between the two countries, including cooperation in banking and finance.

She welcomed Viet Nam's flexible exchange rate management and its consistency in pursuing the goal of controlling inflation and stabilizing the macro-economy.

Janet Yellen asserted that, via global and regional financial institutions, the U.S. will coordinate with developed countries to support developing countries, including Viet Nam, in such spheres of infrastructure, infectious disease prevention and control, energy conversion, and climate change adaption.

For his side, the Vietnamese PM thanked the U.S. Secretary of the Treasury's efforts in accelerating financial, monetary and economic cooperation ties between the two nations.

He recommended the U.S. Government and U.S. Department of the Treasury maintain dialogues, assistance and close coordination with Viet Nam in handling with economic issues and global challenges as well as other issues in fields of green conversion, digital transformation and climate change response.

Pham suggested the U.S. support Viet Nam in fulfilling commitments at COP26 and stabilizing supply chains.

Viet Nam expects the U.S. to share its experience in developing the financial market, especially stock and real estate markets in a healthy, safe, and transparent manner, making contributions to the national macroeconomic stability, he added.