At the meeting (Source: daibieunhandan.vn) Hanoi (VNA) – The Vietnamese NationalAssembly (NA) wants to hear US investors’ comments on recent improvements ofthe Vietnamese investment environment, said NA Vice Chairman Uong Chu Luu.
During his reception for a delegation of theUS-ASEAN Business Council (UABC) led by President of its Vietnamese committeeAlexander C. Feldman in Hanoi on March 29, Luu applauded great contributions madeby US enterprises to Vietnam’s economy over the past years.
He said that the UABC has worked as a bridge betweenUS businesses and Vietnam, thus contributing to the enhancement of cooperativerelations between the two nations and governments.
The Vietnamese legislature has paid due attention tonew moves and policies of President Donald Trump’s administration, especiallythose related to trade and investment, he said, noting that Vietnam alwaysregards the US as one of its leading partners in terms of economy and trade.
The legislator said since the Vietnam-US Bilateral TradeAgreement (BTA) took effect, two-way trade has increased continuously, from 220million USD in 1994 to 1.4 billion USD in 2001, adding that Vietnam now is theUS’s 16th biggest trade partner.
The Vietnamese NA stands ready to create favourableconditions for foreign firms, including those from the US, to invest and expandbusiness in the country, Luu stressed.
He informed his guest that the legislative agency hasbeen perfecting the legal system towards openness and transparency, comprisinglaws regarding the market-oriented economic institutions.
Luu called on US enterprises in Vietnam to pay moreheed to environmental protection, raise social responsibility and step upcooperation with Vietnam in personnel training and technology transfer, for thegoal of sustainable development.
In reply, Feldman briefed the host on the outcomesof his meeting with Prime Minister Nguyen Xuan Phuc, during which the two sidesdiscussed achievements Vietnam has recorded in socio-economic development,particularly in improving its investment climate in an effort to lure more USfirms.
US businesses hope that Vietnam and the US willstrengthen their trade-investment ties in the time ahead, he said, suggestingthe Vietnam NA continue improving the legal framework in order to support USenterprises.-VNA
During his reception for a delegation of theUS-ASEAN Business Council (UABC) led by President of its Vietnamese committeeAlexander C. Feldman in Hanoi on March 29, Luu applauded great contributions madeby US enterprises to Vietnam’s economy over the past years.
He said that the UABC has worked as a bridge betweenUS businesses and Vietnam, thus contributing to the enhancement of cooperativerelations between the two nations and governments.
The Vietnamese legislature has paid due attention tonew moves and policies of President Donald Trump’s administration, especiallythose related to trade and investment, he said, noting that Vietnam alwaysregards the US as one of its leading partners in terms of economy and trade.
The legislator said since the Vietnam-US Bilateral TradeAgreement (BTA) took effect, two-way trade has increased continuously, from 220million USD in 1994 to 1.4 billion USD in 2001, adding that Vietnam now is theUS’s 16th biggest trade partner.
The Vietnamese NA stands ready to create favourableconditions for foreign firms, including those from the US, to invest and expandbusiness in the country, Luu stressed.
He informed his guest that the legislative agency hasbeen perfecting the legal system towards openness and transparency, comprisinglaws regarding the market-oriented economic institutions.
Luu called on US enterprises in Vietnam to pay moreheed to environmental protection, raise social responsibility and step upcooperation with Vietnam in personnel training and technology transfer, for thegoal of sustainable development.
In reply, Feldman briefed the host on the outcomesof his meeting with Prime Minister Nguyen Xuan Phuc, during which the two sidesdiscussed achievements Vietnam has recorded in socio-economic development,particularly in improving its investment climate in an effort to lure more USfirms.
US businesses hope that Vietnam and the US willstrengthen their trade-investment ties in the time ahead, he said, suggestingthe Vietnam NA continue improving the legal framework in order to support USenterprises.-VNA
VNA
