Vietnam welcomes and encourages more US businesses to invest ininformation technology, industry, energy, finance-banking andinfrastructure, particularly under the form of public-privatepartnership, Party General Secretary Nguyen Phu Trong has said.
Speaking before the US business community at the US Chamber ofCommerce headquarters in Washington D.C. on July 8 (local time), theParty chief highlighted the rapid growth of Vietnam-US ties ineconomics, trade and investment cooperation, noting that the US hasbecome one of the top trade partners of Vietnam with an estimated 36.3billion USD last year.
The US is currently running742 investment projects worth over 11 billion USD, ranking 7 th of 101nations and territories investing in Vietnam, he cited, saying theprojects focus mainly on information technology, oil and gas, industry,energy, infrastructure, finance-banking and high-quality services.
However, economic, trade and investment links have yet to be on parwith their potential, he said, adding that there is plenty of room forexpansion.
He confirmed Vietnam will continue toimprove its business environment and ensure business stability, safety,fairness and transparency.
Vietnam pledges toguarantee business freedom in accordance with the country’sConstitution, which stipulates that citizens have the right to freelyconduct business in accordance with the law, he asserted.
Important legal documents such as the Law on Investment and Law onEnterprises were revised in 2014 and came into force in 2015 to createoptimal conditions for investors, he added.
After 30years of “doi moi” (reform), Vietnam has become a middle-income countryand is integrating deeply into the global economy, he said, adding thatonce the ASEAN Community is established in late 2015, Vietnam will notbe just a 90-million population market but will join together with otherstate members to create a 600-million-strong market.
Representatives from the US Department of Commerce, the Department ofState and the Chamber of Commerce expressed their interest and wish tobolster economic, trade and investment ties with Vietnam.
On the same day, the Vietnamese Party leader witnessed the signing of anumber of cooperation agreements between the two countries in banking,aviation, oil and gas, and electricity.-VNA
Speaking before the US business community at the US Chamber ofCommerce headquarters in Washington D.C. on July 8 (local time), theParty chief highlighted the rapid growth of Vietnam-US ties ineconomics, trade and investment cooperation, noting that the US hasbecome one of the top trade partners of Vietnam with an estimated 36.3billion USD last year.
The US is currently running742 investment projects worth over 11 billion USD, ranking 7 th of 101nations and territories investing in Vietnam, he cited, saying theprojects focus mainly on information technology, oil and gas, industry,energy, infrastructure, finance-banking and high-quality services.
However, economic, trade and investment links have yet to be on parwith their potential, he said, adding that there is plenty of room forexpansion.
He confirmed Vietnam will continue toimprove its business environment and ensure business stability, safety,fairness and transparency.
Vietnam pledges toguarantee business freedom in accordance with the country’sConstitution, which stipulates that citizens have the right to freelyconduct business in accordance with the law, he asserted.
Important legal documents such as the Law on Investment and Law onEnterprises were revised in 2014 and came into force in 2015 to createoptimal conditions for investors, he added.
After 30years of “doi moi” (reform), Vietnam has become a middle-income countryand is integrating deeply into the global economy, he said, adding thatonce the ASEAN Community is established in late 2015, Vietnam will notbe just a 90-million population market but will join together with otherstate members to create a 600-million-strong market.
Representatives from the US Department of Commerce, the Department ofState and the Chamber of Commerce expressed their interest and wish tobolster economic, trade and investment ties with Vietnam.
On the same day, the Vietnamese Party leader witnessed the signing of anumber of cooperation agreements between the two countries in banking,aviation, oil and gas, and electricity.-VNA
