Vietnam welcomes US investments in high potential fields

Vietnam welcomes further US investments in the fields of high potential, including healthcare, energy, agriculture, finance, digital economy, science-technology.

Overview of the meeting. Source: Economic Commission

Head of the Party Central Committee’s Economic Commission Tran Tuan Anh gave the remarks in an online meeting with representatives of the US-ASEAN Business Council (USAB) and 40 major US corporations today [October 14].

He said stronger cooperation between the two business communities would contribute to speedy economic recovery in each country and the global supply chains.

“Vietnam is committed to creating favorable conditions for US businesses to recover from the Covid-19 pandemic and be successful in the country,” Anh said.

Head of the Economic Commission Tran Tuan Anh.

The Head of the Economic Commission expressed his delight at the strong progress of the US-Vietnam comprehensive partnership.

Anh said the Vietnamese Government welcomes the US’s stance of supporting an independent, strong and prosperous Vietnam, as well as its support in supplying vaccine and Covid-19 response.

“Vietnam gives high priority to its relations with the US, especially in economic, trade and investment cooperation,” he continued, saying the USABC has played an active role in promoting US trade-investment relations with ASEAN countries, including Vietnam, during the pandemic.

At the meeting, representatives of the USABC expressed their impression of Vietnam’s efforts in the Covid-19 fight, as well as the high determination in economic recovery during the new normalcy.

They said the USABC is committed to cooperating with the authorities to bolster US-Vietnam relations in trade, economy, and investment for mutual benefits.

The US remained the 8th largest investor in Vietnam in the first nine months of 2021 with total registered capital of US$425 million, including 53 fresh projects worth $365 million.