Trade and investment have been powerful engines driving economic growth and reducing poverty in Vietnam. In the almost 20 years since the United States and Vietnam normalized diplomatic relations, U.S.-Vietnam two-way trade has grown from less than $500 million to over thirty-four billion dollars this year, in the process contributing to Vietnam’s dramatic reduction in poverty. Vietnam’s participation in the rules-based international trading system has also reinforced good governance and the rule of law.
The U.S. Agency for International Development (USAID) today joined the American Chamber of Commerce in Vietnam and the Vietnam Chamber of Commerce and Industry to formally establish a new Vietnam Trade Facilitation Alliance (VTFA) through a memorandum of understanding. The private sector-led alliance will provide policy and technical assistance to the General Department of Vietnam Customs and relevant trade facilitation agencies and authorities in Vietnam to advance Vietnam’s competitiveness.
I am pleased to join this important event today organized by the Ministry of Justice to receive social organizations and other stakeholders’ inputs on the draft Civil Code. This event follows lively discussions with the Ministry of Justice and social organizations on the draft civil code in Hanoi and Hai Phong recently. USAID’s Governance for Inclusive Growth Program is honored to support the Ministry of Justice’s efforts in identifying issues on citizens and organizations rights for inclusion in the draft Civil Code.
The U.S. Agency for International Development’s (USAID) Acting Assistant Administrator for Asia, Anne Aarnes, will pay a working visit to Vietnam from December 10-12. During the visit Ms. Aarnes will mark the creation of a USAID-backed alliance that supports trade facilitation to help Vietnam expand the benefits of economic integration.
Yesterday Americans celebrated Thanksgiving by giving thanks. I feel as though the holiday has extended a day, given how much I appreciate the wonderful news this morning that the National Assembly has ratified the Convention on the Rights of Persons with Disabilities. I am also thankful to the Vietnam Federation of Disabilities for hosting this year’s Asia Pacific Disability Forum to help ensure that those living with disability in this region are heard and supported.
Last updated: April 23, 2015