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HÀ NỘI — Representatives from the Vietnamese Ministry of Industry and Trade (MoIT) and the US state of West Virginia signed a memorandum of understanding (MoU) on Thursday to accelerate co-operation in the economy, trade, and energy.

The two sides aim to form a comprehensive co-operation framework to facilitate bilateral trade and investment ties in industry and energy while increasing the exchange of information on business opportunities and supporting co-operation projects and businesses of both sides.

Addressing the signing ceremony, Minister of Industry and Trade Trần Tuấn Anh highlighted the special Việt Nam-US partnership while lauding the role and effort of Congresswoman Carol Miller and Governor Jim Justice of West Virginia in promoting the US’s economic and trade ties with Việt Nam in the US Congress and government.

"This is a suitable time for the two sides to boost the partnership to speed up economic recovery and cope with the COVID-19 pandemic," Anh said, stressing that the US is an important and long-term partner of Việt Nam in energy. He described it as an important foundation for strengthening ties in the long term.

According to Vietnamese Ambassador to the US Hà Kim Ngọc, Việt Nam-US relations have seen strong progress in all fields since the comprehensive partnership was established in 2013.

For her part, Miller expressed her hope to boost bilateral co-operation in industry and trade, especially energy.

Việt Nam and the US have seen growth in bilateral trade and investment relations over the years. Two-way trade exceeded US$90 billion for the first time last year and the figure is expected to reach $100 billion this year.

The two nations have designed an action plan featuring a range of solutions, towards a harmonious and sustainable trade relationship. — VNS