Vietnam looks to rapid conclusion of TPP talks

Vietnam looks to rapid conclusion of TPP talks

Finance Minister Dinh Tien Dung (Source: thoibaotaichinhvietnam.vn)

Nhan Dan Online/VNA – Vietnam expects to conclude negotiations on the Trans-Pacific Partnership (TPP) agreement soon, according to Finance Minister Dinh Tien Dung.

At a March 10 meeting with US Treasure Secretary Jacob Lew in Washington, the minister said the pact must ensure the interests of all parties, including Vietnam and the US.

Both officials consider the agreement an important step towards boosting economic, trade and investment ties between the two countries and with other TPP signatories.

Speaking highly of co-operative achievements recorded by the Vietnamese Ministry of Finance and the US Department of Treasury over the past years, the two ministers agreed to further strengthen the collaboration—especially in customs, tax and budget management—spurring the economic growth of both countries.

Secretary Lew expressed his interest in Vietnam’s economy, describing the restructuring of State-owned enterprises in Vietnam as a major task in renovating the country’s growth model.

Later on Monday, Minister Dung held talks with US Trade Representative Michael Froman, as well as senior leaders of the World Bank (WB) and the International Monetary Fund (IMF).

He is also scheduled to meet the President of the US Federal Reserve and hold a dialogue with US businesses.

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