At the meeting (Source: daibieunhandan.vn)
 
Hanoi (VNA) – The Vietnamese National Assembly (NA) wants to hear US investors’ comments on recent improvements of the Vietnamese investment environment, said NA Vice Chairman Uong Chu Luu.

During his reception for a delegation of the US-ASEAN Business Council (UABC) led by President of its Vietnamese committee Alexander C. Feldman in Hanoi on March 29, Luu applauded great contributions made by US enterprises to Vietnam’s economy over the past years.

He said that the UABC has worked as a bridge between US businesses and Vietnam, thus contributing to the enhancement of cooperative relations between the two nations and governments.

The Vietnamese legislature has paid due attention to new moves and policies of President Donald Trump’s administration, especially those related to trade and investment, he said, noting that Vietnam always regards the US as one of its leading partners in terms of economy and trade.

The legislator said since the Vietnam-US Bilateral Trade Agreement (BTA) took effect, two-way trade has increased continuously, from 220 million USD in 1994 to 1.4 billion USD in 2001, adding that Vietnam now is the US’s 16th biggest trade partner.

The Vietnamese NA stands ready to create favourable conditions for foreign firms, including those from the US, to invest and expand business in the country, Luu stressed.

He informed his guest that the legislative agency has been perfecting the legal system towards openness and transparency, comprising laws regarding the market-oriented economic institutions.

Luu called on US enterprises in Vietnam to pay more heed to environmental protection, raise social responsibility and step up cooperation with Vietnam in personnel training and technology transfer, for the goal of sustainable development.

In reply, Feldman briefed the host on the outcomes of his meeting with Prime Minister Nguyen Xuan Phuc, during which the two sides discussed achievements Vietnam has recorded in socio-economic development, particularly in improving its investment climate in an effort to lure more US firms.

US businesses hope that Vietnam and the US will strengthen their trade-investment ties in the time ahead, he said, suggesting the Vietnam NA continue improving the legal framework in order to support US enterprises.-VNA