Business

Party chief meets with big US enterprises

Vietnam will continue speeding up renovations and administrative reforms, particularly in tax and customs procedures, in order to create an attractive investment climate for foreign businesses, stated Party General Secretary Nguyen Phu Trong.
Vietnam will continue speeding up renovations and administrativereforms, particularly in tax and customs procedures, in order to createan attractive investment climate for foreign businesses, stated PartyGeneral Secretary Nguyen Phu Trong.

The PartyChief attended a round-table seminar with major US enterprises inWashington D.C. on July 8 (local time) held by the US Chamber ofCommerce and the US-ASEAN Business Council.

While meeting with the participating enterprises to discuss Vietnam’seconomic situation and its policies to boost economic growth andintensify economic-trade-investment ties with the US, he asked foropinions related to cooperation and investment in Vietnam.

Representatives of US enterprises expressed their confidence inVietnam’s human and natural resources potential and Vietnam-US relationsprospects, especially in economics, trade and investment.

They spoke highly of the Party leader’s historic visit to the US,saying it is a new milestone in the bilateral relations.

They also believed that the Trans-Pacific Partnership agreement,which is currently under negotiations, will bring about numerous tradeand investment opportunities for both the US and Vietnam.

Some appreciated the revised Investment Law and its reduction offoreign investment limitations while making proposals to further improvethe investment environment in Vietnam.

Acknowledging the businesses’ opinions and proposals, the Party GeneralSecretary said he hopes US-based enterprises will invest in projectsusing modern technologies and are environmentally-friendly, which notonly serve their global business strategy but also contribute todeveloping the Vietnam-US comprehensive partnership.-VNA
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