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PM Dung welcomes US Treasury Secretary

Update: November, 15/2013 - 08:54
PM Nguyen Tan Dung receives visiting US Secretary of Treasury Jacob Lew in Ha Noi yesterday.—VNA/VNS Photo Duc Tam

HA NOI (VNS) — PM Nguyen Tan Dung has pressed for the prompt signing of the Viet Nam–US double taxation avoidance agreement and conclusion of the Trans-Pacific Partnership (TPP) negotiations this year as committed by leaders of member nations.

Dung made the remarks when receiving visiting US Secretary of Treasury Jacob Lew in Ha Noi yesterday, asking the US to recognise Viet Nam as a market economy.

The PM added Viet Nam would closely co-ordinate with the US in the TPP talks, saying there should be more flexibility to match each nation's development pace during the process towards reaching a deal that balanced its members' interests.

As a member of the World Trade Organisation (WTO), Viet Nam always followed the commitments it had made to the organisation and actively applied a market economy mechanism while working to integrate the country with the global economy for rapid and sustainable development, he said.

The host also hailed the progress made at a working session between the US Treasury Department and the Vietnamese Finance Ministry as well as their previous collaborations, especially in technical assistance in taxation, public accounting, one-door customs procedures and macro-economic analysis models.

The PM pointed to economic, trade and investment areas where, according to him, even more could be done to benefit both sides.

Lew, for his part, said the US highly valued Viet Nam's involvement in the TPP negotiations and hoped for flexibility in e-payment negotiations and market expansion.

He vowed that the US would actively step up talks on the double taxation avoidance agreement between the two nations.

He said his visit was meant to foster financial and monetary co-operation with Viet Nam, stressing that the US paid special attention to working closely with Viet Nam across diverse realms, especially economics, trade and investment. — VNS

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