Prime Minister promises optimal conditions for US enterprises

Thursday, 2019-03-14 21:55:46
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Prime Minister Nguyen Xuan Phuc (C) meets with the US business delegation. (Photo: NDO/Tran Hai)
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NDO/VNA – The Vietnamese Government will create optimal conditions for US enterprises to invest successfully in Vietnam and is willing to listen to their recommendations to improve the local business environment, said Prime Minister Nguyen Xuan Phuc.

While receiving a delegation from the US-ASEAN Business Council (USABC), led by its President and CEO Alexander Feldman, in Hanoi on March 14, PM Phuc expressed his belief that the delegation’s visit will contribute to promoting economic, trade, and investment relations between Vietnam and the US.

He recalled his meeting with US President Donald Trump in Hanoi on the occasion of the second DPRK-US summit in Hanoi in February, during which the two sides agreed on a number of measures to enhance bilateral relations across all fields.

Feldman congratulated Vietnam on the successful organisation of the second DPRK-US summit and said he is proud of the USABC’s contributions to economic development in Vietnam through the implementation of investment projects in the Southeast Asian country.

The USABC arranged three business delegations to Vietnam this week to explore investment cooperation opportunities in the country, especially as Vietnam has joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), he said.

The USABC also looks forward to new cooperation opportunities when Vietnam takes on its role as Chair of ASEAN in 2020, he added.

PM Phuc said Vietnam hopes US businesses will continue making strong investments in Vietnam in the coming time.

He also eased some concerns raised by US enterprises regarding specific fields.

The PM said this is now a favourable time for the bilateral relations, and as such US enterprises should seize this opportunity to promote investment in Vietnam and help the country partake in the global value chain.