Joint Statement by State Bank of Viet Nam Governor Nguyen Thi Hong and U.S. Secretary of the Treasury Janet L. Yellen

“The State Bank of Viet Nam (SBV) and the U.S. Department of the Treasury (U.S. Treasury) recognize that we have a significant opportunity to strengthen cooperation toward the shared objective of strong, inclusive, and sustainable growth through well-designed macroeconomic policies and efforts to maintain financial stability. The U.S. Treasury also appreciates the SBV’s ongoing efforts to further modernize and enhance the transparency of its monetary policy and exchange rate management framework, to promote macroeconomic stability, and to ensure the safety and soundness of the banking system.

“The SBV and the U.S. Treasury have therefore agreed to deepen their engagement in key areas. The SBV and the U.S. Treasury intend to hold a regular dialogue at a senior staff level on macroeconomic and financial policies, allowing Viet Nam and the United States to improve understanding of each other’s macroeconomic and financial conditions and policies; share knowledge on promoting the development of stable and efficient financial markets; and support our mutual objectives of robust, resilient, secure, and inclusive economic growth and financial stability. Towards this end, the SBV and the U.S. Treasury have separately agreed to explore a potential technical assistance partnership.

“Viet Nam and the United States are trusted partners with a friendship grounded in mutual respect and the shared goal of promoting strong, resilient, secure, and inclusive growth. We look forward to strengthening this partnership further in coming years.”