Prime Minister Nguyen Xuan Phuc addresses the government meeting. (photo: Thong Nhat/ VNA)

Addressing a government meeting on Friday, Prime Minister Nguyen Xuan Phuc reiterated Vietnam’s main objective in managing its monetary policy is to stabilize macro-economic conditions, not with the intention of gaining unfair trade gains.

He voiced the government stance in response to the US Treasury Department’s decision labelling Vietnam and Switzerland as currency manipulators.

His statement has previously been mentioned by both the State Bank of Vietnam and the Ministry of Foreign Affairs. The Vietnamese government’s active cooperation with the US has yielded positive results in trade and investment.

The two sides are looking at issues to ensure harmonized, sustainable and balanced trade relations.