Deputy Prime Minister Pham Binh Minh (Photo: VNA) At the event, which gathered representatives of nearly 500US firms, Minh affirmed that the Vietnamese Government is working hard inimplementing the dual targets of controlling COVID-19 and boosting economicgrowth.
He noted that Vietnam has maintained positive growth, withexpansion of 2.91 percent in 2020 and 5.64 percent in the first half of 2021.Meanwhile, the International Monetary Fund forecast that the Vietnamese economywill expand 6.5 percent this year.
The Deputy PM affirmed that economic cooperation plays a keyrole in the Vietnam-US relations. Two-way trade has grown strongly to 90billion USD in 2020 from 450 million USD in 1994.
Over the years, the US has been the largest export market ofVietnam, while the country is on the 11th position out of 40countries and territories investing in Vietnam, with total capital of nearly 10billion USD. Combining with investment through a third country, US investorshave poured over 14 billion USD in Vietnam, noted Minh, adding that manyleading American firms are operating profitably in Vietnam in many areas.
Deputy PM Minh recognised and highly valued contributions bythe US businesses, including the US Chamber of Commerce, US-ASEAN BusinessCouncil, and Business Council for International Understanding, in deepening theeconomic ties between the two countries.
The Vietnamese Government is always willing to listen tostraightforward and constructive opinions from US firms regarding the country’sinvestment and business environment, as well as ideas on measures and solutionsto lift up ties between the two countries, especially in economy, trade andinvestment, stated Minh.
On this occasion, the Deputy PM lauded the US commitment of4 billion USD to the COVID-19 Vaccines Global Access (COVAX) initiative,expressing a hope that the Government and businesses of the US will continueassisting Vietnam in accessing vaccine sources as well as vaccineproduction technology, thus soon overcoming COVID-19 impacts to recover theeconomy.
At the event (Photo: VNA) Representatives of the US firms hailed Vietnam’sachievements in COVID-19 prevention and control, as well as the economiccooperation potential between the two countries.
They gave a number of ideals on how to foster bilateralcooperation in digital economy, infrastructure building, renewable and greenenergy, and sustainable development, as well as collaboration in areas ofVietnam’s demand and the US’s strength.
They spoke highly of the close coordination amongministries, sectors and localities of Vietnam in seeking measures to removedifficulties and obstacles facing foreign investors, including those from theUS.
Participants discussed a number of initiatives and solutionsto support Vietnam in accessing🔯 vaccine supplies and seeking cooperation invaccine production, as well as in the post-pandemic economicrecoveryꦫ and development./
VNA
