Nov 17, 2018 / 16:24

PM Phuc hopes US businesses to keep investing boldly in Vietnam

The Hanoitimes - Appreciating US businesses’ investment in Vietnam, PM Phuc said the two sides have numerous cooperation opportunities.

Prime Minister Nguyen Xuan Phuc hopes US enterprises to keep investing strongly in Vietnam in the time ahead and will have more and more successful businesses.

The Vietnamese government leader made the statement while meeting with several large US corporations on November 17 on the sideline of the 26th APEC Economic Leaders’ Meeting held in Papua New Guinea.
 
Prime Minister Nguyen Xuan Phuc hopes the US businesses to keep investing strongly in Vietnam. Photo: Quang Hieu
Prime Minister Nguyen Xuan Phuc hopes the US businesses to keep investing strongly in Vietnam. Photo: Quang Hieu
Appreciating US businesses’ investment in Vietnam, PM Phuc said the two sides have numerous cooperation opportunities, especially in trade and investment, which are key pillars in the two countries' relations. The two-way trade has increased 35 times in the past 18 years.

The PM expressed his desire to listen to the US enterprises’ opinions, suggestions and aspirations towards the government of Vietnam.

President of the American Center for APEC Monica Whaley said that many US businesses in the meeting have invested in Vietnam and wish to have more opportunities to meet and exchange information with Vietnamese authorities.

A representative from UL Corporation said that UL has opened a laboratory in Vietnam to test textile products and furniture and wanted to know about the direction of US-Vietnam trade cooperation in the coming time.

Addressing the concern, PM Phuc said that the two countries have the cooperation mechanism of the Trade and Investment Council of Vietnam (TIFA), which is currently operating well. The Vietnamese government has always been a companion of businesses and facilitated US enterprises. The UL’s test lab is commendable for issuing then early warning on product quality.

Commenting on some of Vietnam's regulations on healthcare, animal husbandry, Shire Group’s leader, Cargill, wished to have dialogue with the Vietnamese regulatory authorities in drafting new regulations in the fields.

PM Phuc said that he will assign the related ministries to revise the regulatory framework, and will amend those considered barriers. 

The Vietnamese government, ministries and Vietnam Chamber of Commerce and Industry (VCCI) will continue to meet and dialogue with the businesses to remove bottlenecks while investing in Vietnam, Phuc noted.