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.
Prime Minister Nguyen Xuan Phuc (R) shakes hands with a representative from the
US business delegation
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 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
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.
US-ASEAN Business Council bridges US firms and Vietnam: official
At the meeting (Source: quochoi.vn)
The US-ASEAN Business Council (USABC) has worked as an important bridge helping
US firms invest in Vietnam and enhancing cooperation between the two nations,
said Vice Chairman of the Vietnamese National Assembly Phung Quoc Hien.
The legislator made the remarks at a reception for a USABC delegation, including
representatives of 40 leading US businesses and groups – including Microsoft,
Google, GE, and FedEx – in Hanoi on March 14.
Hien welcomed the USABC delegation’s visit, which, he said, is taking place in
the context of fruitful development of the Vietnam-US comprehensive cooperation,
with rapid progress made in economic ties.
He spoke highly of the great contributions by US enterprises to Vietnam’s
economy throughout the past.
Vietnam has conducted reforms and pursued a foreign policy of independence,
self-reliance, diversification and multilateralisation of relations, and
The country has affirmed that it will promote its comprehensive partnership with
the US for the long-term interests of their people and intensify measures to
beef up the bilateral ties, particularly in economy, trade, science-technology,
and education and training, he said.
Hien noted that Vietnam always considers the US one of its leading economic and
trade partners. Therefore, economic and trade cooperation is always at the
centre and momentum of the bilateral ties.
Lauding cooperation outcomes in general, as well as economic links between
Vietnam and the US, the official expressed his delight at the continuous growth
of the two-way trade, which increased from 450 million USD in 1995 to over 60
billion USD last year.
Hien told his guest that during the process of international integration,
Vietnam has paid attention to scientific and technological development and
spearhead economic sectors.
He described US businesses as pioneers in science, technology, and quality,
affirming that they are among Vietnam’s crucial and essential partners.
Through investment activities, Vietnamese enterprises can learn from their
partners’ business and management skills, he said.
The legislator stressed that Vietnam always creates optimal conditions for
foreign firms, including those from the US, to invest and expand their business
and production in the country.
The Vietnamese National Assembly and Government will continue to complete the
legal system in an open, transparent manner and in line with international
practice, while stepping up administrative reform in order to facilitate the
operation of foreign businesses, he said.
Members of the USABC delegation voiced their hope for more support from the
Vietnamese legislature in increasing the business activities of US firms, and
enhancing comprehensive cooperation between Vietnam and the US in the coming