Home World Upgrade of Relations to Further Drive Vietnam-US Partnership

Upgrade of Relations to Further Drive Vietnam-US Partnership

Vietnamese Ambassador to the US Nguyễn Quốc Dũng emphasized the significant progress in bilateral relations between Vietnam and the United States, marking a four-fold increase in trade and a surge in US direct investments. The ambassador highlighted the exponential growth in bilateral ties, noting that the upgrade to a comprehensive strategic partnership is poised to create a new impetus and open avenues for further collaboration between the two nations.

Historical Progress and Economic Cooperation

Since the establishment of their comprehensive partnership in 2013, Vietnam and the United States have witnessed breakthrough progress in various aspects of their relationship. One of the most remarkable achievements has been the quadrupling of bilateral trade, soaring from $30 billion in 2013 to over $130 billion in 2022. This substantial growth in economic cooperation reflects the deepening ties between the two nations.

Furthermore, the US has demonstrated its commitment to Vietnam through direct investments amounting to approximately $12 billion as of 2023. Notably, major enterprises from the United States have expanded their presence in the Southeast Asian nation, contributing to economic development and fostering mutual understanding.

People-to-people exchanges have also flourished, with around one million Vietnamese and US citizens traveling between the two countries annually. The robust educational ties are evident with nearly 30,000 Vietnamese students currently studying in the US. Additionally, Vietnamese enterprises have ventured into the US market, with VinFast, the prominent Vietnamese automaker, making a significant investment by building an electric vehicle plant in North Carolina.

Comprehensive Strategic Partnership for Peace and Development

The pinnacle of this burgeoning relationship came during US President Joe Biden’s official visit to Vietnam in September 2023. During this visit, Party General Secretary Nguyễn Phú Trọng and President Biden agreed to elevate the bilateral ties to a comprehensive strategic partnership for peace, cooperation, and sustainable development. This historic milestone has set the stage for a new era of collaboration, providing a framework for enhanced cooperation in various sectors.

The comprehensive strategic partnership, as outlined in the joint statement, identifies ten key cooperation pillars, outlining targets, aspirations, and commitments from both sides. Ambassador Nguyễn Quốc Dũng stressed the importance of disseminating the content and spirit of these agreements, encouraging participation not only from the government and national assembly but also from localities, businesses, and citizens in both countries.

Concrete Plans and Implementation

To realize the full potential of the comprehensive strategic partnership, Ambassador Dũng underscored the necessity of a robust coordination mechanism. This involves periodic reviews and expedited implementation of agreements, addressing any challenges that may arise in the process.

Vietnam has wasted no time in operationalizing this upgraded relationship. Prime Minister Phạm Minh Chính and President Võ Văn Thưởng visited the United States shortly after the partnership’s establishment, engaging in high-level talks and discussions. These visits resulted in numerous agreements being signed, paving the way for deeper collaboration.

Global Contributions and Foreign Policy

These diplomatic efforts are not only crucial for the bilateral relationship but also contribute to global affairs. Vietnam’s commitment to the comprehensive strategic partnership was reiterated during high-profile events such as the 78th session of the United Nations General Assembly and the APEC Economic Leaders’ Week.

The foreign policy of independence, self-reliance, and diversification and multilateralization of external relations has been a guiding principle for Vietnam. The upgraded Vietnam-US relations align with this policy, positioning Vietnam as a responsible partner keen on making tangible contributions to regional and global problem-solving.

Positive Impacts on Regional and Global Forums

Ambassador Dũng highlighted the positive impact of the upgraded relations on regional and international forums. Both nations consider coordination at these forums to be a crucial pillar of their comprehensive strategic partnership. The mutual commitment to collaborating on global issues showcases the depth and maturity of the Vietnam-US relationship.

In conclusion, the upgrade of Vietnam-US relations to a comprehensive strategic partnership represents a significant leap forward in their bilateral ties. The multifaceted collaboration spanning economic, educational, and diplomatic spheres signifies a commitment to mutual growth, stability, and global cooperation. As both nations continue to deepen their engagement, the world watches with anticipation, recognizing the potential for a positive impact on regional and global affairs.