PM welcomes U.S. business delegation

August 26, 2016 | 17:30

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The Vietnamese Government has spared no effort to accelerate the administrative reform to offer transparent regulations and an attractive investment environment, affirmed PM Nguyen Xuan Phuc.

PM Nguyen Xuan Phuc (4th from L) and the U.S. business delegation, Ha Noi, August 25, 2016 - Photo: VGP/Quang Hieu

PM Phuc made the point while receiving a delegation led by President and CEO of the US-ASEAN Business Council (US-ABC) Alexander C Feldman in Ha Noi on August 25.

PM Phuc underscored that Viet Nam and the U.S. have made gigantic progress in the bilateral ties over the last decade, especially in investment and trade.

Viet Nam appreciated US businesses’ assistance and cooperation with their Vietnamese peers, particularly the help given through the Viet Nam Chamber of Commerce and Industry (VCCI), said PM Phuc.

He hoped that the US-ABC would continue to support the Vietnamese business community to improve operation and edge competitiveness; offer consultations and recommendations for the Vietnamese Government.

The host leader stressed that the Government completed a dossier for TPP ratification and the National Assembly is set to consider approving this trade agreement in October 2016.

On behalf of the US-ABC, Mr. Alexander C Feldman said his delegation to Viet Nam consists of representatives of 37 leading businesses in the US, which proves US firms’ interest in partnerships and investment opportunities in the Southeast Asian nation.

The US enterprises hope to contribute to the local economic development and will ensure their social responsibility while operating here, the guest leader said.

According to Mr. Alexander C Feldman, TPP is a milestone in promoting the countries’ trade and investment relationship, both their Governments and businesses strongly support the expansion of economic, trade and investment relations. The U.S. companies hope that Viet Nam would soon ratify this deal.

At the meeting, many other US entrepreneurs spoke highly of the better local investment environment. They also pledged to do long-term business in Viet Nam.

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