Politics

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

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.
Party official lauds US business community’s role in bilateral ties ảnh 1Head of the Communist Party of Vietnam Central Committee’s Economic Commission Nguyen Van Binh (R) and USABC President and CEO Alexander Feldman (Source: VNA)
Hanoi (VNA) – Politburomember and head of the Communist Party of Vietnam Central Committee’s EconomicCommission Nguyen Van Binh has affirmed the important role of the US businesscommunity in boosting bilateral ties and promoting Vietnam’s development goals.

Binh made the statement whilehosting a reception in Hanoi on March 13 for representatives from 40 leading US corporations whoare on a business trip annually organised by the US-ASEAN BusinessCouncil (USABC). The Vietnamese Party and State treasure ties with the US, oneof the leading partners of Vietnam, he stressed.

Binhspoke highly of the Vietnam-US relationship over the past years with milestonesas the 25th anniversary of the normalisation of Vietnam-US economicties and the 25th founding anniversary of the American Chamber ofCommerce (AmCham) in Vietnam.

Hetold the US entrepreneurs that the bilateral comprehensive partnership has beengrowing in a practical and effective way in diverse areas, especially ineconomy, trade and investment with two-way trade surging to over 60 billion USDin 2018 from 450 million USD in 1995.

TheParty official asked the USABC and the US firms to continue expanding businessoperations in Vietnam and serve as a bridge to attract more US enterprises tothe country.

USABCPresident and CEO Alexander Feldman thanked Binh for his warm hospitality.

Membersof the delegation expressed wish to receive further support from the VietnameseParty and State in stepping up US business operations in Vietnam, affirmingthat the development of Vietnam-US economic and trade ties lays an importantfoundation to reinforce the bilateral comprehensive partnership in the nearfuture.

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

Binhspoke highly of partnership between Vietnam and IIB over the past years,especially in developing credit activities in the country via loans in supportof Vietnamese small and medium-sized enterprises, trade and infrastructure.

Healso welcomed the lender’s credit and investment expansion plan in Vietnam.-VNA
VNA
#head of the Communist Party of Vietnam Central Committee’s Economic Commission Nguyen Van Binh #Vietnam-US economic ties #US-ASEAN Business Council #USABC #American Chamber of Commerce #bilateral comprehensive partnership #International Investment Bank United States Vietnam
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