Vietnam, US mark a quarter century of normalization

13:00 | 11/08/2020 Cooperation

(VEN) - The US-Vietnam comprehensive partnership has developed positively and stably, benefiting people of both countries.

vietnam us mark a quarter century of normalization

Remarkable milestone

A quarter century has passed since US President Bill Clinton and Vietnamese Prime Minister Vo Van Kiet officially declared normalization of Vietnam-US diplomatic relations (July 12, 1995-July 12, 2020). Thanks to tireless efforts of the two sides, Vietnam and the US have become friends and comprehensive partners in all fields.

The two countries have built a partnership and friendship founded on shared interests, mutual respect, and people-to-people ties, said US Secretary of State Michael R. Pompeo in a special video message he taped for the Vietnamese people. He pointed to increasing trade and investment ties, strategic cooperation, and collaboration in resolving humanitarian issues and war legacies. In recent years, the two countries have strengthened and expanded the comprehensive partnership, based on a shared vision of a stable and peaceful Indo-Pacific region, as well as respect for each other’s independence, sovereignty, territorial integrity, and political systems, Pompeo said.

The two economies are becoming increasingly supplementary and supportive. The US remains the biggest importer of Vietnamese products, with key items being seafood, textiles, footwear and farm produce. Meanwhile, Vietnam has emerged as one of the fastest-growing markets of US exports. Regarding investment, the US is the 11th largest investor in Vietnam, with diverse forms of investment in 43 out of 63 provinces in cities.

vietnam us mark a quarter century of normalization
The Vietnamese people have twice welcomed US President Donald Trump to Hanoi

Peace Corps volunteers

Pompeo also emphasized growing ties between the American and Vietnamese peoples. America’s vibrant and engaged Vietnamese-American community makes the US strong and prosperous, he said.

US Consul General in Ho Chi Minh City Marie C. Damour said Vietnam and the US are aware of the importance of bilateral relations and committed to peace and prosperity. The two countries are promoting cooperation in various areas, such as trade, investment, education, health, energy and security. The US also looks forward to the imminent conclusion of an agreement that will bring Peace Corps volunteers to Vietnam for the first time ever, fostering stronger ties between the American and Vietnamese peoples.

The US values the cross-cultural role played by nearly 30,000 Vietnamese students studying in the US and more than 1,200 Americans studying in Vietnam annually. The US also looks forward to the Fulbright University Vietnam graduating its first class of undergraduates in 2023.

Dam Bich Thuy, chairwoman of the Fulbright University Vietnam, said the Fulbright University Vietnam is Vietnam’s first independent, private and not-for-profit university, based on American higher-education traditions of academic independence, open inquiry, research, and critical analysis, but firmly grounded in Vietnam’s rich cultural traditions and heritage.

According to the American Chamber of Commerce in Vietnam, American companies are very interested in investment opportunities in Vietnam. Vietnam’s good results in pandemic prevention and economic recovery, improvements of business and investment environment, reforms of administrative procedures, and specific support policies for businesses have been creating positive effects in attracting American companies.

US Consul General in Ho Chi Minh City Marie C. Damour said the US is impressed with Vietnam’s outstanding achievements in its role as the 2020 Chair of ASEAN, especially in preventing and controlling the Covid-19 pandemic and promoting economic recovery. In the US view, Vietnam is an important partner in the Indo-Pacific region. The US has an extremely strong belief that in the next quarter century, relations between the two countries will grow even stronger.

Ngoc Thao