Asia Group and other US companies want to know more about Vietnam’s investment environment and policies, as well as the country’s development strategy.
Representatives from US leading companies such as Google, AIG, Asia Pacific, VISA considered growing attractiveness of Vietnam’s business environment an important factor that facilitates more investments into Vietnam.
The view was shared at a roundtable discussion on investment policies with the presence of Vietnam’s Minister and Head of the Government Office Mai Tien Dung, former US Assistant Secretary of State and current President of the Asia Group Kurt Campbell, along with other US major corporations’ executives in Washington (local time) on April 10.
Campbell said Asia Group and other US companies want to know more about Vietnam’s investment environment and policies, as well as the country’s development strategy.
Representative of VISA highly regarded Vietnam’s effort in promoting e-payment, adding the company would continue to work with local companies in realizing this vision.
At the conference, Minister Dung said Vietnam’s GDP growth reached a 10-year high of 7.08% in 2018, while the government fulfilled 12 economic development goals, of which nine exceeded the targets.
According to Dung, the US – Vietnam relationship has progressed comprehensively over the past few years. Evidently, the bilateral trade turnover has maintained steady growth, reaching US$60.28 billion in 2018, up 18% year-on-year.
Additionally, Vietnam has created favorable conditions for US enterprises doing businesses in Vietnam, including the renewal of investment license for the US$4.2-billion Ho Tram casino resort project with the joining of equity firm Warburg Pincus. The government has also approved the participation of AES Corporation in Son My LNG terminal project in the central province of Binh Thuan.
In the time to come, the Vietnamese government would focus on three major directions, Dung added.
Firstly, it will focus on improving efficiency of legal framework and state governance, stabilizing macro-economy in a sustainable manner.
Secondly, the government will develop a digital economy with the focus on priority sectors, including high-tech agriculture, tourism, logistics and supporting industries, among others.
Thirdly, it will keep reforming tax policies for greater economic competitiveness, aiming for transparency, fairness and efficiency.
Minister and Head of the Government Office Mai Tien Dung (r) and President of the Asia Group Kurt Campbell. Source: VGP.
|
Campbell said Asia Group and other US companies want to know more about Vietnam’s investment environment and policies, as well as the country’s development strategy.
Representative of VISA highly regarded Vietnam’s effort in promoting e-payment, adding the company would continue to work with local companies in realizing this vision.
At the conference, Minister Dung said Vietnam’s GDP growth reached a 10-year high of 7.08% in 2018, while the government fulfilled 12 economic development goals, of which nine exceeded the targets.
According to Dung, the US – Vietnam relationship has progressed comprehensively over the past few years. Evidently, the bilateral trade turnover has maintained steady growth, reaching US$60.28 billion in 2018, up 18% year-on-year.
Additionally, Vietnam has created favorable conditions for US enterprises doing businesses in Vietnam, including the renewal of investment license for the US$4.2-billion Ho Tram casino resort project with the joining of equity firm Warburg Pincus. The government has also approved the participation of AES Corporation in Son My LNG terminal project in the central province of Binh Thuan.
In the time to come, the Vietnamese government would focus on three major directions, Dung added.
Firstly, it will focus on improving efficiency of legal framework and state governance, stabilizing macro-economy in a sustainable manner.
Secondly, the government will develop a digital economy with the focus on priority sectors, including high-tech agriculture, tourism, logistics and supporting industries, among others.
Thirdly, it will keep reforming tax policies for greater economic competitiveness, aiming for transparency, fairness and efficiency.
Other News
- Better links with FDI firms to support Hanoi businesses
- Vietnam calls for more US investment in innovation, hi-tech
- Vietnamese leader urges Boeing to build production facility in Vietnam
- Foreign capital pouring into Vietnam's real estate market
- Vietnam news in brief - August 24
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
Trending
-
From tradition to trend: How modern approaches spark cultural pride in Vietnam's Gen Z
-
Vietnam news in brief - November 7
-
Dong Thanh Communal House: Typical historical and cultural relic of Hanoi's Old Quarter
-
Hanoi: Innovative crossroads to celebrate creative values
-
Hanoi works to make bus system greener
-
Capital Law to make Hanoi major center for quality education
-
Expatriate workforce in Hanoi: Growth engine requring thorough administration
-
Hanoi seeks partnerships to build skilled workforce for digital transformation
-
Adorable baby hippo wows Hanoi visitors