Vietnam PM meets visiting US treasury chief

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Prime Minister Nguyen Tan Dung with the US Secretary of the Treasury Jacob J.Lew in Hanoi November 14. Photo courtesy of Vietnam News Agency

Prime Minister Nguyen Tan Dung and US Secretary of the Treasury Jacob J.Lew met in Hanoi Thursday with the two sides agreeing to strengthen trade and economic ties.

Dung stressed the high potential for commerce and economic relations between the two countries, and urged the US to recognize Vietnam as a market economy, Vietnam News Agency reported.

He also pushed for the signing of an agreement to avoid double taxation and completion of negotiations for the US-led Trans-Pacific Partnership trade pact also involving 10 other countries by year end.

He urged the US -- Vietnam's leading export market -- as a more developed country to show support for Vietnam at the talks.

Lew said the US appreciates its trade relations with Vietnam, particularly the latter's participation in the TPP, and is working on talks for the double-taxation agreement.

The US also expects Vietnam to help at the trade talks with flexible policies on online payment and market expansion.

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