Prime Minister Nguyen Tan Dung has pressed for the prompt signing of the
Vietnam–US double taxation avoidance agreement and conclusion of the
Trans-Pacific Partnership (TPP) negotiations this year as committed by
leaders of member nations.
PM Dung made the remarks when
receiving visiting US Secretary of Treasury Jacob J. Lew in Hanoi
on November 14, asking the US to recognise Vietnam as a market
economy.
The PM added Vietnam will closely coordinate with the
US in the TPP talks, saying that there should be flexibilities that
match each nation’s development pace during the process towards reaching
a deal that balances its members’ interests.
As a member of
the World Trade Organisation (WTO), Vietnam always abides by
commitments reached in the past, and actively applies the market economy
and works to integrate the country with the world economy for rapid and
sustainable development, he said.
The host also hailed
what was reached at the working session between the US Department of
Treasury and the Vietnamese Finance Ministry as well as their
collaboration over the past time, especially in technical assistance in
taxation, public accounting, one-door customs and macro-economic
analysis models.
The PM pointed to economic, trade and
investment areas where, according to him, even more can be done to
benefit both sides.
Lew, for his part, said the US highly
values Vietnam’s involvement in the TPP negotiations and hopes for
its flexibility in negotiating e-payment and market expansion.
He vowed that the US will actively step up talks on the double
taxation avoidance agreement between the two nations.
He
said his visit is meant to foster financial and monetary cooperation
with Vietnam, stressing that the US pays special attention to
working closely with Vietnam across diverse realms, especially
economics, trade and investment.-VNA