12/11/2017 17:42 GMT+7 Email Print Like 0

Vietnam, US sign cooperation agreements

Hanoi, November 12 (VNA) – President Tran Dai Quang and President Donald Trump witnessed the signing of cooperation agreements between Vietnam and the US after their talks in Hanoi on November 12. 

A contract buying and supporting engine products and a Memorandum of Understanding (MoU) on the maintenance of aircraft engines were sealed between Vietnam Airlines and Pratt & Whitney aerospace manufacturer. 

The PetroVietnam Gas Joint Stock Corporation (PV Gas) struck a MoU on the Son My natural liquefied petroleum gas warehouse with the AES Group Ltd., and another MoU on cooperation with the Alaska Gasline Development Corporation in natural liquefied petroleum gas provision and upstream investment. 

Vietjet Air and Pratt & Whitney signed a contract on purchasing and maintaining aircraft engines, whilst Hoang Huy and Navistar groups inked a MoU on trade of trucks. 

Trump’s first visit to Vietnam from November 11-12 is taking place at a time when the Vietnam-US comprehensive partnership is progressing, especially after the US visit by Prime Minister Nguyen Xuan Phuc in May 2017. 

Vietnam and the US established diplomatic ties on July 12, 1995. Positive strides have been recorded in bilateral relations in all spheres since the countries established a comprehensive partnership in July 2013 on the basis of respecting each other’s territorial integrity, political regime and development path, for the sake of their own interests and for regional peace, stability and development cooperation. 

Since 2005, the US has become one of the leading trade partners of Vietnam, with two-way trade rising 20 percent in recent years.