Vietnam and the US have become major economic partners for each other, with bilateral trade growing strongly over the years.

Over the past five years, Vietnam has generated around US$1.2 trillion worth of GDP and ensured a stable macro-economic environment for development.

Effective implementation of the OCOP program helps localities realize their potential in economic development and promote tourism, said a local official.

Vietnam has successfully attained the dual target of both containing the pandemic and boosting economic recovery, Prime Minister Nguyen Xuan Phuc has said.

Administrative reform and higher quality of legal framework will be key for Vietnam to enhance efficiency in economic development and integration.