Ambassador: Boosting Ties with Vietnam Remains Priorities of the U.S

The U.S. Ambassador to Vietnam, Michael Michalak on November 13 held a press conference and emphasized that expanding cooperative ties with Vietnam will be among priorities of the White House, Vietnam News Agency said.

 

Michael Michalak told local and international reporters that Barack Obama, an African-American was elected the 44th U.S. President, the highest post, is a historic event.

 

Mr Michalak also noted that the two countries will continue share common goals and values and will reaffirm commitments to success of the bilateral ties.

 

Asked about the bilateral trade and economics ties in 2009, the U.S. diplomat said the global financial crisis will adversely impact the global stock market, trade and investment including Vietnam’s exports, however, Vietnam exports mainly food and foodstuff staples which will be less impacted from the turmoil.

 

U.S. consumers are tightening their belts and preferred to affordable goods including Vietnamese goods, he said.

 

If choosing right goods for exports, Vietnam will have a good cushion from the current crisis, the diplomat was cited as noting.

 

A full picture of the crisis has negative and positive sides. Recently a number of U.S. companies which arrived in Vietnam to look for investment opportunities have cancelled their plans, but others were optimistic about Vietnam’s growth prospects and want to invest into, he added. (VNA, Youth)