Business
Vietnam welcomes and encourages more US investments
In the framework of the official visit to the US, speaking before the US business community at the US Chamber of Commerce headquarters in Washington D.C. on July 8 (local time), General Secretary Nguyen Phu Trong emphasized that Vietnam welcomes and encourages more US businesses to invest in the country.
The Party chief said that in the recent years the Vietnam-US ties in economics, trade and investment cooperation have seen the rapid growth, adding that the US has become the leading trade partner of Vietnam with an estimated 36.3 billion USD in 2014, mainly agricultural goods, electronics and consumer goods.
The US investors has currently poured 11 billion USD in Vietnam with 742 projects, ranking 7th of 101 nations and territories investing in Vietnam, the Party leader cited.
The projects of US businesses focus mainly on information technology, oil and gas, industry, energy, infrastructure, finance-banking and high-quality services, contributing significantly to the Vietnam's socio-economic development.
He confirmed Vietnam will continue to improve its business environment and ensure business stability, safety, fairness and transparency to create favorable conditions for US businesses to do business.
Important legal documents such as the Law on Investment and Law on Enterprises were amended in 2014 and began to take effect from 2015 to create optimal conditions for investors, he added.
After 30 years of “doi moi” (reform), Vietnam has become a middle-income country and is integrating deeply into the global economy, he said. Especially, once the ASEAN Community is established in late 2015, Vietnam will not be just a 90-million population market but will join together with other state members to create a prosperous market with 600 million people.
Representatives from the US Department of Commerce, the Department of State and the Chamber of Commerce expressed their interest and desire to strengthen economic, trade and investment cooperation relations with Vietnam.
Party General Secretary Nguyen Phu Trong witnesses the signing of a number of cooperation agreements between Vietnam and the US
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The projects of US businesses focus mainly on information technology, oil and gas, industry, energy, infrastructure, finance-banking and high-quality services, contributing significantly to the Vietnam's socio-economic development.
He confirmed Vietnam will continue to improve its business environment and ensure business stability, safety, fairness and transparency to create favorable conditions for US businesses to do business.
Important legal documents such as the Law on Investment and Law on Enterprises were amended in 2014 and began to take effect from 2015 to create optimal conditions for investors, he added.
After 30 years of “doi moi” (reform), Vietnam has become a middle-income country and is integrating deeply into the global economy, he said. Especially, once the ASEAN Community is established in late 2015, Vietnam will not be just a 90-million population market but will join together with other state members to create a prosperous market with 600 million people.
Representatives from the US Department of Commerce, the Department of State and the Chamber of Commerce expressed their interest and desire to strengthen economic, trade and investment cooperation relations with Vietnam.
