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Hanoi's important role in promoting Vietnam - US economic and trade ties

07:32 | 07/07/2020

US Ambassador to Vietnam Daniel J. Kritenbrink stressed that Hanoi plays an important role in promoting economic and trade ties between the two countries while meeting Hanoi Party Committee Secretary Vuong Dinh Hue.

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hanois important role in promoting vietnam us economic and trade ties
Hanoi Party Committee Secretary Vuong Dinh Hue (R) receiving US Ambassador to Vietnam Daniel J. Kritenbrink.

According to VOV, Hue thanked the US Government for providing medical support to Vietnam’s COVID-19 prevention as well as in the healthcare sector, though it is still struggling to combat the pandemic in the country.

Hue voiced his hopes the United States will overcome the pandemic soon.

He then briefed his guest on the capital’s economic achievements in the first six months of 2020, saying the capital has taken measures to cushion the impact of the COVID-19 epidemic and its economy is getting back on track.

Multifaceted cooperation between Hanoi and US localities is developing well, and Hue expressed his wish that this relationship will be further strengthened in the near future.

Hanoi city always creates favourable conditions for US businesses to invest and operate efficiently in the city, Hue assured.

For his part, US Ambassador pointed out economic and trade ties between the two countries as a key pillar in bilateral relations and Hanoi plays an important role in promoting such cooperation.

The Ambassador thanked the Hanoi government and people for donating 150,000 masks to the United States to support its COVID-19 prevention, stressing this is a symbol of friendship between the two sides. He said he believes that the bilateral relationship will further grow in the future.

hanois important role in promoting vietnam us economic and trade ties
Deputy Prime Minister Vuong Dinh Hue and US Ambassador to Vietnam Daniel J. Kritenbrink at the launching ceremony of a USAID-funded trade facilitation project. Photo: VNA

According to the Chairwoman of the Hanoi People’s Council Nguyen Thi Bich Ngoc, in the early months of 2020 the city faced extreme difficulties from the COVID-19 pandemic, which badly damaged socio-economic activities around the globe and in Vietnam.

The city applied various measures to prevent and fight the pandemic as well as solutions to support economic activities and guarantee social security, she said at the 15th meeting of the Hanoi People’s Council on July 6.

The city’s economy slumped in April but then recovered in May before expanding strongly in June. The sharpest growth was seen in the field of industry-construction, at about 6%. Budget collection in the first half was estimated at VND 143.47 trillion (USD 6.1 billion), up 11% against the same period last year.

At the same time, administrative reform has been promoted via the application of IT, while the investment and business environment has improved and enterprises and investors have been supported to overcome this difficult period.

National Assembly Chairwoman Nguyen Thi Kim Ngan has praised the efforts and determination of Hanoi in regard to economic development, with its GDP expanding 3.39% in the first half of 2020, higher than Vietnam’s average of 1.81%.

Secretary of the Hanoi Party Committee Vuong Dinh Hue underlined that, with strong determination, the city will not adjust its socio-economic development targets for 2020. It has built growth scenarios for the remainder of the year and 2020 as a whole. The city anticipates 5.9% growth for the year in one scenario and 5.4% in the other./.

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