The Vietnamese Government always treasures and creates favourable conditions for enterprises from the US to land investments and operate long-term and sustainable business in the country, Deputy Prime Minister Trinh Dinh Dung has said.
At the reception (Photo: VNA)
Hanoi (VNA) – The Vietnamese Government always treasures andcreates favourable conditions for enterprises from the US to land investmentsand operate long-term and sustainable business in the country, Deputy PrimeMinister Trinh Dinh Dung has said.
Hosting a reception for some of the visiting US corporations on the sidelinesof the US-Vietnam Business Summit on September 10, Deputy PM Dung highlightedthe importance of the event which discussed measures to boost effectivecooperation methods between Vietnam and US investors in the context of Industry4.0.
In recent years, both nations have enjoyed substantial changes in theirrelations, he said, adding that Vietnam has always seen, and will continue to see,the US as a leading partner. The Asian nation wishes to bolster its comprehensivepartnership with the US on the basis of respecting each other’s independence,sovereignty, territorial integrity, and political institutions, contributing tomaintaining regional and global peace, stability, cooperation, and development.
He said that collaborations in economy, trade, and investment have become acrucial pillar of and a key driver for bilateral ties. After 20 years of the normalisationof relations, the US has become one of the largest trade partners of Vietnam.
Chairman of the American Chamber of Commerce Michael Kelly, who led the USbusiness delegation, said that US investors want to expand their business scaleand foster long-term investment in Vietnam. Meanwhile, there is also a queue offirms seeking investment opportunities in the country.
US Ambassador to Vietnam Daniel J. Kritenbrink said he is upbeat about the prospectsand results of the cooperation between companies of both sides.
He underlined that the US Embassy always encourages US firms to enhance theirpresence in Vietnam.
Two-way trade increased from 7.8 billion USD in 2005 to 54 billion USD in 2017.By the end of 2018’s second quarter, the figure was 27.4 billion USD, with USimports rising more than 20 percent.
As of June this year, the US had 877 valid projects with a total registeredcapital of 9.37 billion USD in Vietnam, making it the 10th largest investoramongst the 128 countries and territories investing FDI in Vietnam. –VNA
VNA
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At the reception (Photo: VNA)