Remarks by Secretary of State John Kerry, July 24, 2013

President Truong Tan Sang and Secretary of State John Kerry

Thanks to our landmark bilateral trade agreement in 2001, two-way trade from 1995 to today has increased more than 50-fold. And per capita, incomes in Vietnam have increased almost 500 percent. Together with Vietnam and other countries from across the region, we are now working to conclude an historic Trans-Pacific Partnership, a high-standard 21st century trade agreement that will promote regional economic integration, prosperity, and opportunity for the people of all of the member countries. Read more

President Trương Tấn Sang to visit Washington

Truong Tan Sang, President

On Thursday, July 25, President Obama will host President Trương Tấn Sang of the Socialist Republic of Vietnam at the White House.  The President welcomes this opportunity to discuss with President Sang how to further strengthen our partnership on regional strategic issues and enhance our cooperation with ASEAN.  The President also looks forward to discussing human rights, emerging challenges such as climate change, and the importance of completing a high standard Trans-Pacific Partnership agreement.

Statement by the White House Press Secretary on the Visit of President Truong Tan Sang of Vietnam 

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Vietnam’s President Sang says low growth a must while restructuring

Jan 22, 2013. Vietnam must accept “low” economic growth while it restructures its economy and should aim for annual expansion of at least 5 percent, according to President Truong Tan Sang.

Growth less than 5 percent would be “dangerous,” and spur high unemployment, Sang said in a Jan. 21 interview with Vietnam News Agency, the official state media. The country should try to gradually boost growth to 7 percent to 8 percent and stabilize the macro-economy, he said, without specifying a time frame.

Vietnam’s economy expanded at the slowest pace in 13 years in 2012 as a slump in bank lending damped domestic demand, adding pressure on the government to revamp the financial system and attract more foreign investment. Gross domestic product rose 5.03 percent last year, down from 5.89 percent in 2011.

The World Bank is concerned about the country’s monetary policy loosening as it faces the risk of double-digit inflation in 2013, Deepak Mishra, the lender’s lead economist for Vietnam, said today at a business meeting in Ho Chi Minh City.

Weaknesses in the economy include the “low” quality of the country’s workforce, Sang said. “We ourselves, who manage and lead the country, have not created a favorable business environment and have not trained a high-quality workforce for companies,” he said in the interview.

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In Vietnam, Message of Equality Is Challenged by Widening Wealth Gap (SOEs)

HANOI, Vietnam. Sep 1, 2012. She wore a pink outfit and matching high heels as she toured the dusty construction site. Soon after To Linh Huong’s visit in April, photos that captured the moment went viral on the Internet, but not because of Ms. Huong’s sense of style.

The daughter of a member of the Vietnamese Communist Party’s Politburo, the country’s most powerful political body, Ms. Huong, 24 years old, had only days before been appointed the head of Vinaconex, a state-owned construction company.

Criticism has flourished partly because news of abuses has leaked out as State Owned Enterprises, which remain a central part of the economy, have floundered, helping precipitate Vietnam’s serious financial woes.

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Vietnam’s President Truong Tan San will make a state visit to Singapore from Sep 26-28

SINGAPORE. Sep 25, 2011. Vietnam’s President Truong Tan Sang will make a state visit to Singapore from September 26-28.

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Truong Tan Sang elected State President of Vietnam

HANOI, Jul 26, 2011. Truong Tan Sang was elected Vietnam’s State President of the 2011-2016 tenure at the 13th National Assembly’s sitting on Monday afternoon with a vote of 97.4%.

Sang was born in 1949 in My Hanh Commune, Duc Hoa District in the Mekong Delta’s Long An Province. He has a bachelor degree in law.

In 1991, he was elected member of the Party’s Central Committee for the seventh Congress and served in this post for five consecutive tenures. He was member of the Politburo in four consecutive terms of the 8th, 9th, 10th and 11th congresses.

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