AIRLINK 57.99 Increased By ▲ 2.95 (5.36%)
BOP 6.22 Decreased By ▼ -0.07 (-1.11%)
CNERGY 4.05 Increased By ▲ 0.10 (2.53%)
DFML 15.70 Increased By ▲ 0.06 (0.38%)
DGKC 68.55 Increased By ▲ 2.55 (3.86%)
FCCL 17.75 Increased By ▲ 0.73 (4.29%)
FFBL 25.75 Increased By ▲ 1.30 (5.32%)
FFL 9.31 Increased By ▲ 0.31 (3.44%)
GGL 9.74 Increased By ▲ 0.30 (3.18%)
HBL 111.80 Increased By ▲ 1.80 (1.64%)
HUBC 114.80 Increased By ▲ 1.45 (1.28%)
HUMNL 6.44 Increased By ▲ 0.09 (1.42%)
KEL 4.30 Increased By ▲ 0.02 (0.47%)
KOSM 3.58 Increased By ▲ 0.46 (14.74%)
MLCF 37.40 Increased By ▲ 1.00 (2.75%)
OGDC 117.20 Increased By ▲ 3.71 (3.27%)
PAEL 22.90 Increased By ▲ 0.90 (4.09%)
PIAA 11.35 Increased By ▲ 0.16 (1.43%)
PIBTL 5.67 Increased By ▲ 0.17 (3.09%)
PPL 105.25 Increased By ▲ 2.56 (2.49%)
PRL 26.55 Increased By ▲ 1.41 (5.61%)
PTC 9.60 Increased By ▲ 0.15 (1.59%)
SEARL 53.34 Increased By ▲ 3.72 (7.5%)
SNGP 64.99 Increased By ▲ 2.14 (3.4%)
SSGC 10.94 Increased By ▲ 0.18 (1.67%)
TELE 7.16 Increased By ▲ 0.19 (2.73%)
TPLP 11.87 Increased By ▲ 0.34 (2.95%)
TRG 72.71 Increased By ▲ 5.11 (7.56%)
UNITY 20.73 Increased By ▲ 0.23 (1.12%)
WTL 1.31 Increased By ▲ 0.09 (7.38%)
BR100 6,289 Increased By 126.2 (2.05%)
BR30 21,591 Increased By 608.7 (2.9%)
KSE100 61,559 Increased By 1094.9 (1.81%)
KSE30 20,718 Increased By 420.9 (2.07%)

HANOI: The United States wants to include emerging economies such as Vietnam in efforts to strengthen and diversify supply chains, Treasury Secretary Janet Yellen said Friday.

The United States and other major economies are pushing to make themselves less reliant on the likes of China and Russia for key commodities and components after supply chain shocks rocked the global economy in recent years.

In a speech in Hanoi, Yellen said “friend-shoring” – deepening economic ties with trusted partners – was not restricted to long-established allies.

“As we undertake these supply chain efforts, let me be very clear: friend-shoring is not for an exclusive club of countries,” Yellen said.

“It is open; it is inclusive of advanced economies, emerging markets and developing countries alike.”

Yellen was speaking on the second day of a visit to Vietnam, where she has met political and business leaders.

Yellen ‘eager’ to work with China on debt, other global challenges

The United States and Vietnam – a key manufacturing hub – have increasingly close trade ties, and share concerns about China’s growing assertiveness in the region.

In her speech, Yellen said: “The United States is working to strengthen – not to weaken – our ties with the emerging and developing world, as demonstrated by our partnership with Vietnam.”

Washington has made a concerted diplomatic push to woo the communist Southeast Asian nation in the last two years, with Vice President Kamala Harris and Secretary of State Antony Blinken both making official visits.

President Joe Biden held phone talks with the head of the Vietnamese Communist Party earlier this year, and the aircraft carrier USS Ronald Reagan made a port call in Danang last month.

Comments

Comments are closed.