Full text of Press Releases of the United States Department of the Treasury : Joint Statement by U.S. Secretary of the Treasury Janet L. Yellen and State Bank of Vietnam Governor Nguyen Thi Hong

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U.S. DEPARTMENT OF THE TREASURY
Joint Statement by U.S. Secretary of the Treasury Janet L. Yellen and
State Bank of Vietnam Governor Nguyen Thi Hong
July 21, 2023

HANOI – U.S. Secretary of the Treasury Janet L. Yellen and State Bank of Vietnam Governor Nguyen
Thi Hong today released a joint statement following their meeting during Secretary Yellen’s visit to
Hanoi:
"The U.S. Department of the Treasury (U.S. Treasury) and the State Bank of Vietnam (SBV) 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 U.S. Treasury and the SBV have therefore agreed to deepen their engagement in key areas. The
U.S. Treasury and the SBV intend to hold a regular dialogue at a senior staff level on macroeconomic
and financial policies, allowing the United States and Vietnam 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 U.S.
Treasury and the SBV have separately agreed to explore a potential technical assistance
partnership.
The United States and Vietnam 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.”

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