The Vietnamese Government will improve investment environment and createfavourable conditions for foreign businesses, including those from theUS, to operate in the country while strictly implementing commitmentsreached by the two sides.
The pledge was made by Prime Minister Nguyen Tan Dung at a reception inHanoi on Dec. 8 for a delegation of US businesses in Vietnam andguests who had engaged in the negotiations of the Vietnam-US BilateralTrade Agreement (BTA), on the occasion of the 10 th anniversary of thesigning.
The PM welcomed the delegation’s members toHanoi to attend the workshop on Vietnam-US trade relations post-BTA,themed “Looking back to the past – Looking towards the future” jointlyheld in Hanoi by the Diplomatic Academy of Vietnam, the Vietnam-US TradeCouncil, the Vietnam Chamber of Commerce and Industry and the USChamber of Commerce in Vietnam.
He affirmed Vietnam’s willingness to partner with the US to continue effectivelyupholding outcomes of the BTA and negotiations of the Trans-PacificPartnership (TPP) Agreement, in an effort to elevate the two countries’relations to a new height, for peace, cooperation, prosperousdevelopment and mutual benefits.
PM Dung said the signing of the BTA was made possible with goodwill from both sides.
During the past decade, the BTA has brought significant results fortrade and investment of the two countries, while improving mutualunderstanding and trust, PM Dung said. He described the outcomes aspractical lessons and a momentum for the negotiation process to helpVietnam join the TPP.
On the occasion, USAmbassador to Vietnam David Shear expressed his delight at achievementsVietnam and the US have gained over the past decade, saying thesigning has helped raise two-way trade and create a foundation for thedevelopment of bilateral relations.
Two-way tradebetween Vietnam and the US in 2011 recorded an estimated 20billion USD, representing a ten-fold increase compared with 2001.
The Ambassador expressed his wish that the Vietnamese Government willcontinue supporting US businesses in the country and increasing two-waytrade for the interest of both countries. /.