Vietnam welcomes US decision not to take trade action against Vietnam

(VOVWORLD) - Vietnam welcomes the decision of the United States Trade Representative (USTR) on Friday not to take trade action against Vietnam in connection with the investigation into Vietnam’s currency policy under section 301 of the US Trade Act 1974, said Foreign Ministry spokesperson Le Thi Thu Hang.

Vietnam welcomes US decision not to take trade action against Vietnam - ảnh 1Foreign Ministry spokesperson Le Thi Thu Hang (Photo: VNA) 

Ms. Hang told reporters on Saturday that the decision is a positive step following the agreement reached on July 19 between the State Bank of Vietnam and the US Department of the Treasury.

It is also the outcome of constructive dialogue with good wills of both sides to address outstanding problems in bilateral economic ties, towards building a stable and sustainable relationship benefiting both sides in the spirit of the comprehensive partnership between Vietnam and the US, she said. 

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