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US wishes to become Vietnam’s number-one investor: Ambassador Osius

It is the U.S.’s ambition to become Vietnam’s number-one investor and largest trade partner in the future, American Ambassador to Vietnam Theodore Osius said on Wednesday. 

It is the U.S.’s ambition to become Vietnam’s number-one investor and largest trade partner in the future, American Ambassador to Vietnam Theodore Osius said on Wednesday.
It is the U.S.’s ambition to become Vietnam’s number-one investor and largest trade partner in the future, American Ambassador to Vietnam Theodore Osius said on Wednesday.

The ambassador made the statement at a reception held in Hanoi for him by Vietnamese Prime Minister Nguyen Tan Dung yesterday.

At the meeting, Prime Minister Dung called on both two countries to step up cooperation to effectively implement nine fields within their bilateral strategic partnership framework, including economics, trade, investment, exchange of high-level visits, and others.

He also called on the U.S. to apply a more flexible approach to the bilateral negotiations on the Trans-Pacific Partnership (TPP) agreement so that it can be signed soon.

In reply, Ambassador Osius said he understood Vietnam’s economic development priorities that help bring prosperity to the country.

Therefore, the US has been more flexible over TPP talks, in the hope that the negotiations will be finalized in March so that President Obama can present it to the U.S. Congress for approval in May 2015.

The diplomat also said that President Obama considers Vietnam’s participation in TPP as a strategic step that helps Vietnam become a strong, independent and prosperous nation.

Regarding trade and investment relations, the ambassador said the U.S. wished to become Vietnam’s largest investor and trade partner, the ambassador said.

He also emphasized that the U.S. supported Vietnam’s stance and viewpoint on regional security and that President Obama is making efforts to fully remove the arms sale ban on Vietnam.

On October 2, 2014, the U.S partially lifted a long-time ban on lethal weapon sales to Vietnam to help it improve maritime security, a historic move that comes nearly 40 years after the American war in Vietnam.