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Viet Nam welcomes USTR’s decision pertaining to monetary policy

VGP - Viet Nam welcomes the decision of the U.S. Trade Representative (USTR) on 23 July pertaining to the investigation into Viet Nam’s monetary policy under Section 301 of the US’ 1974 Trade Act.

July 25, 2021 6:59 AM GMT+7

Foreign Ministry Spokesperson Le Thi Thu Hang made the above statement on Saturday in response to a question on Viet Nam’s reaction to the decision of the US Trade Representative on 23 July regarding the investigation into Viet Nam’s monetary policy.

Under the decision, the USTR has determined that no trade action against Viet Nam is warranted at this time.

This is an encouraging follow-up to the agreement reached on July 19 between the State Bank of Viet Nam and the U.S. Department of the Treasury, said Le.

This is also the fruit of the constructive dialogue in good faith between the two sides to resolve the bottlenecks in their bilateral economic ties, as both countries strive towards fostering stable, long-standing, and mutually beneficial relations in line with their Comprehensive Partnership./.

By Quang Minh