US firms interested in doing business in Vietnam
PM Nguyen Xuan Phuc (front, centre) and US entrepreneurs pose for a photo (Photo: VNA)
Senior executives of 29 US businesses expressed their desire
to do long-term business in Vietnam during a meeting with Prime Minister Nguyen
Xuan Phuc in Hanoi on March 9.
delegation, led by Senior Vice President of the US-ASEAN Business Council
(UABC) Michael Michalak, viewed Vietnam as an attractive business destination
and expressed their support for trade liberalisation, including the Regional
Comprehensive Economic Partnership and other deals.
they were interested in investing in thermo and wind power, animal feed
manufacturing and distribution, chemicals, agriculture insurance,
micro-finance, information technology, movies and start-ups in Vietnam.
thanked the Vietnamese government and agencies for facilitating their expansion
in the country and committed to abiding by law in Vietnam and taking social
responsibility via community-based activities.
Though the Trans-Pacific
Partnership has stalled, the US investors firmly believed that both sides could
work together effectively.
The PM, for
his part, congratulated the US firms on their success in Vietnam over the years
and lauded their support to the country.
that Vietnam considers the US enterprises’ success as its own and pledged to listen
to their feedback to improve the business climate.
will maintain macro-economic stability, build a transparent and open legal
environment and strive to be among top four ASEAN members in terms of business
environment, he stated.
their interest in diverse areas in Vietnam, including agriculture and equitisation,
the leader said the government will work to keep pace with science-technology
advances and pledged to realise signed free trade agreements while building
regulations in fields of the firms’ interest.
Vietnamese government wants to push forward long-term friendship with the US on
the basis of respect for each other’s political regime, he said, adding that
the Cabinet is willing to work with US President Donald Trump’s administration
to boost bilateral ties.
the UABC and US firms to serve as a bridge connecting their business partners
and Vietnam, urge the US government and Congress to enhance investment and
trade with Vietnam and the region, back the US administration’s recognition of
Vietnam as a market economy and assist Vietnam in successfully hosting the
Asia-Pacific Economic Cooperation (APEC) 2017.
emphasised that APEC Year 2017 affords Vietnamese and US firms a chance to
of the US investors’ proposals, the PM vowed to direct ministries and agencies
to consider them soon.-VNA