Party official lauds US business community’s role in bilateral ties

Wednesday, 2019-03-13 21:29:23
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Head of the Communist Party of Vietnam Central Committee’s Economic Commission Nguyen Van Binh (R) and USABC President and CEO Alexander Feldman (Photo: VNA)
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NDO/VNA – Politburo member and head of the Communist Party of Vietnam Central Committee’s Economic Commission Nguyen Van Binh has affirmed the important role of the US business community in boosting bilateral ties and promoting Vietnam’s development goals.

Politburo member Binh made the statement while hosting a reception in Hanoi on March 13 for representatives from 40 leading US corporations who are on a business trip annually organised by the US-ASEAN Business Council (USABC). The Vietnamese Party and State treasure ties with the US, one of the leading partners of Vietnam, he stressed.

He spoke highly of the Vietnam-US relationship over the past years with milestones as the 25th anniversary of the normalisation of Vietnam-US economic ties and the 25th founding anniversary of the American Chamber of Commerce (AmCham) in Vietnam.

He told the US entrepreneurs that the bilateral comprehensive partnership has been growing in a practical and effective way in diverse areas, especially in economy, trade and investment with two-way trade surging to over US$60 billion in 2018 from US$450 million in 1995.

The Party official asked the USABC and the US firms to continue expanding business operations in Vietnam and serve as a bridge to attract more US enterprises to the country.

In the afternoon of the same day, Binh hosted a reception for Chairman of the International Investment Bank (IIB)’s Management Board Nikolay Kosov.

Binh spoke highly of partnership between Vietnam and IIB over the past years, especially in developing credit activities in the country via loans in support of Vietnamese small and medium-sized enterprises, trade and infrastructure. He also welcomed the lender’s credit and investment expansion plan in Vietnam.