The two economies are complementary, as such, the cooperation would result in a win-win situation for both, said Vietnam’s Prime Minister Nguyen Xuan Phuc.
US enterprises should hasten to grasp opportunities to do businesses in Vietnam, especially in a time when the Vietnam – US relations are growing strongly, according to Prime Minister Nguyen Xuan Phuc.
Vietnam welcomes US investors with open arms and is willing to support their successes in the country, Phuc said in a meeting with a delegation of US enterprises led by Alexander Feldman, president and CEO of the US – ASEAN Business Council (US-ABC) on March 14, the governmental portal reported.
Phuc mentioned his last meeting with US President Donald Trump on the occasion of the second North Korea – US summit in Hanoi, in which both leaders had frank discussion on furthering bilateral trade and investment ties.
The Vietnamese PM reiterated his statement made to President Trump that the two economies are complementary, as such, the cooperation would result in a win-win situation for both.
Moreover, he expressed his confidence that the visit of US enterprises to Vietnam would facilitate stronger economic cooperation between the two countries, adding the Vietnamese government is creating favorable conditions for smooth business operation of US companies in Vietnam.
Phuc requested the US-ABC to encourage US enterprises to commit to long-term business in Vietnam, especially in the fields of science – technology, human resources development and supporting industry, while supporting local enterprises to further integrate in the global value chain.
For his part, Feldman said that no doubt the bilateral relations have progressed significantly after the US president’s visit to Vietnam last month.
According to Feldman, this year marks the 35th anniversary of the establishment of the US – ABC and next year the 25th anniversary of normalization between Vietnam and US, saying the two countries have gone a long way to reach such a high level of partnership.
The bilateral trade turnover has increased sharply from several hundred of millions of US dollars in 1994 to nearly US$60 billion by 2018.
For such achievements, Vietnam’s government has been proactive in discussing with the business community, including US enterprises, while initiating negotiations in trade, investment and economy to ensure its economic strong growth, Feldman added.
Feldman said he is proud of the contribution of the US-ABC to Vietnam’s socio-economic development over the years.
Last week, the US-ABC brought three delegations of US enterprises to Vietnam, for which the number of US enterprises participating in the trips was the highest ever for an event held bythe US-ABC to an ASEAN country.
Feldman added this week alone 50 leading US companies have come to Vietnam.
This showed strong interest of US enterprises in Vietnam as the Southeast Asian country has approved the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) and is on course to join the Regional Comprehensive Economic Partnership (RCEP).
The US-ABC looks forward to Vietnam taking over the role of ASEAN chairmanship in 2020 to open new opportunities for cooperation, Feldman continued.
Prime Minister Nguyen Xuan Phuc and representatives of US enterprises. Source: VGP.
|
Phuc mentioned his last meeting with US President Donald Trump on the occasion of the second North Korea – US summit in Hanoi, in which both leaders had frank discussion on furthering bilateral trade and investment ties.
The Vietnamese PM reiterated his statement made to President Trump that the two economies are complementary, as such, the cooperation would result in a win-win situation for both.
Moreover, he expressed his confidence that the visit of US enterprises to Vietnam would facilitate stronger economic cooperation between the two countries, adding the Vietnamese government is creating favorable conditions for smooth business operation of US companies in Vietnam.
Phuc requested the US-ABC to encourage US enterprises to commit to long-term business in Vietnam, especially in the fields of science – technology, human resources development and supporting industry, while supporting local enterprises to further integrate in the global value chain.
For his part, Feldman said that no doubt the bilateral relations have progressed significantly after the US president’s visit to Vietnam last month.
According to Feldman, this year marks the 35th anniversary of the establishment of the US – ABC and next year the 25th anniversary of normalization between Vietnam and US, saying the two countries have gone a long way to reach such a high level of partnership.
The bilateral trade turnover has increased sharply from several hundred of millions of US dollars in 1994 to nearly US$60 billion by 2018.
For such achievements, Vietnam’s government has been proactive in discussing with the business community, including US enterprises, while initiating negotiations in trade, investment and economy to ensure its economic strong growth, Feldman added.
Feldman said he is proud of the contribution of the US-ABC to Vietnam’s socio-economic development over the years.
Last week, the US-ABC brought three delegations of US enterprises to Vietnam, for which the number of US enterprises participating in the trips was the highest ever for an event held bythe US-ABC to an ASEAN country.
Feldman added this week alone 50 leading US companies have come to Vietnam.
This showed strong interest of US enterprises in Vietnam as the Southeast Asian country has approved the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) and is on course to join the Regional Comprehensive Economic Partnership (RCEP).
The US-ABC looks forward to Vietnam taking over the role of ASEAN chairmanship in 2020 to open new opportunities for cooperation, Feldman continued.
Other News
- Q2/2024: Hanoi businesses expect better performance
- Companies, universities team up to develop semiconductor workforce in Vietnam
- Upcoming Law on industrial park – Vietnam’s passage to attract new foreign investment wave
- Samsung and NIC partner to develop Vietnam's tech talent pool
- Global tech firms interested in Vietnam’s semiconductor industry: Planning minister
- PM urges Central bank to ensure positive growth in 2024
- Nhon – Hanoi station metro line: An example of Vietnam-EU cooperation
- Vietnamese Gov't to continue VAT cut for second half of 2024
- Four- and five-star hotels to boom in Hanoi as tourism rebounds
- Vietnam’s manufacturing sector returns to growth in April
Trending
-
Upcoming Law on industrial park – Vietnam’s passage to attract new foreign investment wave
-
Vietnam news in brief - May 5
-
Vietnamese Government steps up efforts to develop market for carbon credits
-
Vietnam seeks more information on Cambodia’s Funan Techo canal project
-
Hanoi: The 'epic victory' of Dien Bien Phu as seen in photos
-
Hanoi strives to ensure smooth high school exams
-
Carnaval Ha Long 2024 woos tourists with fireworks and drone light shows
-
Trivial jobs: Hanoians strive to keep their old trades alive
-
Affordable, quality tours offered at Hanoi Tourism Festival 2024