US-Vietnam High-Level 'Economic and Fiscal Policy' Regular Talks to Be Held

The United States and Vietnam have agreed to hold regular high-level talks on economic and fiscal policies.

According to major foreign media on the 21st, Janet Yellen, U.S. Secretary of the Treasury, who visited Hanoi to attend the US-ASEAN (Association of Southeast Asian Nations) Economic Forum, and Nguyen Thi Hong, Governor of the State Bank of Vietnam, jointly announced this agreement.

They stated, "This is a time when both countries, aiming to achieve strong and sustainable growth through well-designed economic policies, can strengthen cooperation," adding, "We have agreed to regularly discuss economic and fiscal policies among high-level officials and share expertise on financial markets."

U.S. Treasury Secretary Janet Yellen speaks at the Senate Appropriations Committee Subcommittee on Financial Services hearing on the fiscal year 2024 budget on the 22nd (local time) at the U.S. Capitol in Washington, D.C. Photo by Reuters.

The U.S. government expressed high appreciation for the State Bank of Vietnam's efforts to enhance transparency in monetary and exchange rate policies, as stated in the announcement.

Previously, the U.S. Treasury removed Vietnam from the currency monitoring list in November last year.