US, Vietnam Launch First Comprehensive Economic Dialogue

Department of State

The following statement was released by the Governments of the United States of America and the Socialist Republic of Vietnam on the occasion of the first U.S.-Vietnam Comprehensive Strategic Partnership Economic Dialogue.

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On June 25, Under Secretary for Economic Growth, Energy, and the Environment Jose W. Fernandez welcomed Minister of Planning and Investment Nguyen Chi Dung to Washington, D.C., for the first U.S.-Vietnam Comprehensive Strategic Partnership Economic Dialogue (CSPED).

The United States and Vietnamese delegations celebrated the historic elevation of their bilateral relationship to a Comprehensive Strategic Partnership in September 2023 during President Biden's visit to Vietnam. The Under Secretary and Minister discussed expanded cooperation on supply chain resilience in the semiconductor industry, support for Vietnam's high-tech workforce, advancing the renewable energy transition and implementing climate mitigation efforts, cooperation on critical minerals, managing security risks in trade and international finance, strengthening cybersecurity and critical information and communication infrastructure, and working together to ensure that Vietnam's legal-regulatory environment will attract high-quality investment and drive sustainable and inclusive economic growth.

The dialogue also reaffirmed the importance of the Indo-Pacific to the global economy and our shared goal of building a prosperous, free, open, and secure region.

Both sides agreed to meet again in Spring of 2025 to review the progress made under the CSPED and to capitalize on the momentum of bilateral economic cooperation.

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