24 August 2016

News Story: Large room for VN-US cooperation despite slow TPP enforcement

There’s plenty of room for cooperation between Vietnam and the US despite slow enforcement of the Trans-Pacific Partnership (TPP) agreement, Vietnamese Ambassador to the US Pham Quang Vinh said in an interview granted to Lao dong (Labour) Newspaper.

The ambassador, who is in Hanoi for the ongoing 29th Diplomatic Conference, said the US will obviously have benefits from TPP, but the issue is, however, a controversial topic at the underway US presidential race. 

In the meantime, Vietnam and the US are embarking on their comprehensive partnership.
TPP offers both challenges and opportunities for Vietnam, he said, stressing the need for the country to prepare in line with its integration policy to create an attractive market even when the pact has yet come into force.

“I believe that new investment waves will come into Vietnam,” he said. 

On the defence ties, he said the two countries will forge ahead with the cooperation in keeping peace, addressing war consequences – including bombs and mines clearance, decontamination, and support for Agent Orange (AO)/dioxin victims. 

Bilateral collaboration in building maritime security capacity will continue, focusing on professional training, he said.

Read the full story at VietnamNet