With many benefits for the businesscommunities in both countries, the setting up of the Vietnam-US BusinessForum was an important milestone in trade relations between Vietnamand the US after they signed the Bilateral Trade Agreement (BTA) in2001.
The US Ambassador to Vietnam Michael W. Michalak made the statementat a ceremony to make the debut of the Vietnam-US Business Forum inHanoi on April 8.
The forum was set up by the Vietnamese Chamber of Commerce and Industry(VCCI) under the guidelines of the Vietnamese Government with the aim ofpromoting economic and trade cooperation between Vietnam and the US. It is also considered as a bilateral close coordination mechanism tostrengthen the strategic trading partnership between the two countries.
The forum will be co-chaired by Vietnam, the US Chamber of Commerce, theAmerican Chamber of Commerce in Hanoi and the American Chamber ofCommerce in Ho Chi Minh City.
According to VCCI President Vu Tien Loc, the forum will act as apublic-private dialogue channel, collecting opinions to submit to therelevant agencies from both countries. It will also be a bridge forbusinesses from both countries to meet, exchange their experiences andfind partners for economic cooperation and investment while providingassistance, consultancies, economic and legal information.
Additionally, the forum will boost links with US business associationsin Vietnam, the US-Vietnam Trade Council and the US-ASEAN BusinessCouncil.
The VCCI President added that events to promote investment like holdingtraining courses, seminars and market surveys will be focused on tohelp Vietnamese enterprises get updated with information on the marketsand improve their business management capacity up to US standards.
Before the official launch, in 2009, the forum created the Vietnam-UStrade portal, issued bulletins, held meetings for enterprises from bothcountries as well as seminars and training courses on businessmanagement.
In 2009, with 495 investment projects valued at 14.5 billion USD, theUS was Vietnam ’s 6 th largest foreign investor, followed by Taiwan ,the Republic of Korea , Malaysia , Japan and Singapore./.
The US Ambassador to Vietnam Michael W. Michalak made the statementat a ceremony to make the debut of the Vietnam-US Business Forum inHanoi on April 8.
The forum was set up by the Vietnamese Chamber of Commerce and Industry(VCCI) under the guidelines of the Vietnamese Government with the aim ofpromoting economic and trade cooperation between Vietnam and the US. It is also considered as a bilateral close coordination mechanism tostrengthen the strategic trading partnership between the two countries.
The forum will be co-chaired by Vietnam, the US Chamber of Commerce, theAmerican Chamber of Commerce in Hanoi and the American Chamber ofCommerce in Ho Chi Minh City.
According to VCCI President Vu Tien Loc, the forum will act as apublic-private dialogue channel, collecting opinions to submit to therelevant agencies from both countries. It will also be a bridge forbusinesses from both countries to meet, exchange their experiences andfind partners for economic cooperation and investment while providingassistance, consultancies, economic and legal information.
Additionally, the forum will boost links with US business associationsin Vietnam, the US-Vietnam Trade Council and the US-ASEAN BusinessCouncil.
The VCCI President added that events to promote investment like holdingtraining courses, seminars and market surveys will be focused on tohelp Vietnamese enterprises get updated with information on the marketsand improve their business management capacity up to US standards.
Before the official launch, in 2009, the forum created the Vietnam-UStrade portal, issued bulletins, held meetings for enterprises from bothcountries as well as seminars and training courses on businessmanagement.
In 2009, with 495 investment projects valued at 14.5 billion USD, theUS was Vietnam ’s 6 th largest foreign investor, followed by Taiwan ,the Republic of Korea , Malaysia , Japan and Singapore./.
