|U.S. Secretary of State John Kerry (L) shakes hands with Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh in Hanoi, capital of Vietnam, Dec. 16, 2013. (Xinhua/VNA)
More photos >>>
HANOI, Dec. 16 (Xinhua) -- Trade relations are perhaps the clearest example of how far the two nations have come in 18 years since normalization of relation, said U.S. Secretary of State John Kerry on Monday.
Addressing a press conference after holding talks with Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh in Vietnam's capital Hanoi, Kerry said since normalization of relations in 1995, Vietnam has become a modern nation and an important partner of the United States.
After 18 years, the bilateral trade turnover between the United States and Vietnam increased more than 50 times, Kerry said.
He added the United States is helping Vietnam to implement the Trans-Pacific Partnership (TPP). Once finalized, the TPP will raise labor standards, open market and create millions of new jobs.
The United States is working closely with Vietnam and other partners in order to complete TPP negotiation as quickly as possible. The realizing of TPP is potential for partners and for Vietnam as a thriving economy, Kerry said.
for his part, Minh said economic, trade and investment cooperation are among the top priorities in Vietnam-U.S. relations.
Minh said the two countries have recorded a remarkable increase in bilateral trade turnover in 18 years of relation renormalization. The United States is now ranking seventh among foreign investors in Vietnam with over 10 billion U.S. dollars in investment capital.
The two countries have great potential for bilateral trade cooperation, therefore it is needed to implement further measures to lift trade relations to a new height in the coming time, Minh added.
During the talks, Kerry and Minh also discussed cooperation in education and tackling climate change issues among others.
Kerry is paying an official visit to Vietnam from Saturday to Tuesday.
U.S., Vietnam overcoming war legacy to better ties
HANOI, Dec. 16 (Xinhua) -- The United States and Vietnam's joint efforts to overcome legacy of war played a special role in building better relationship between the two countries, said David Shear, U.S. Ambassador to Vietnam on Monday.
The United States and Vietnam on Monday in Hanoi signed a memorandum of understanding (MoU) for cooperation on overcoming consequences of explosive remnants of the Vietnam War ended in 1975. Full story
Vietnam has potential to become major trade partner: U.S. secretary of state
HO CHI MINH CITY, Vietnam, Dec. 14 (Xinhua) -- Vietnam has great potential to become a major trade partner of the United States in the region, said U.S. Secretary of State John Kerry on Saturday.
Talking with the U.S. and Vietnamese business community in Vietnam's southern metropolis Ho Chi Minh City, Kerry said Vietnam is undergoing sustainable growth with plenty of potential to catch up with the development of the world. Full story