My Unloaded Tariff Threat To Vietnam

US Representative Office (Ustr), July 23 (local time) announced the official decision on the survey of section 301 on Vietnam's currency activities; Accordingly, the agency will not take any tariff action against Vietnam. In: 00/2: 09N NETWORK Ustr said that the agreement was reached among the US Department of Finance and the State Bank (SBV) Male provides a satisfactory solution to the issue being investigated and therefore, no commercial action is conducted at this time. Ustr, coordinating with the US Ministry of Finance, will monitor the implementation of Vietnam in the future. Katherine Tai, US Trade Representative, welcomed Vietnam to commit to solving US concerns in the field. Currency and consider this important typical for the Indian Ocean - Pacific region

.Theo grandmother, businesses and US workers will be stronger when trading partners pricit their local currency publicly By and competition on an equal playground. In the coming time, with the coordination of the Ministry of Finance, USTR will work with Vietnam to ensure the implementation, and will continue to check the monetary practices of other major trading partners. According to the VNA, the US Finance Ministry issued a release, said the Finance Minister Janet Yellen met online Governor of the State Bank of Vietnam Nguyen Thi Hong and the two sides came to the agreement after the "constructive" discussion
The announcement also emphasized the US Department of Finance and the SBV in recent months has "constructive discussions through the process of strengthening commitments". The two sides gain an agreement to address the concerns of the US Department of Finance on Vietnam's monetary acts as described in the Finance Ministry's report before the US National Assembly on macro and foreign economic policies American major trading partners .NNN confirmed that Vietnam is obliged to comply with the agreement terms of the International Monetary Fund (IMF) in avoiding manipulating exchange rates to prevent rolling adjustment Payment scales, winning unfair competition or competitive dumping of Vietnam currency. The SBV is continuing to efforts to modernize and transparent its monetary policy and the exchange rate framework.NHNN Vietnam will also continue to provide necessary information so that the US Ministry of Finance analyzes thoroughly and Report on the operation of the SBV in the foreign exchange market in this 6-month periodic report before the National Assembly.

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