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PM Dung meets US business community

Vietnam is actively improving its market economy institutions in order to accelerate the country’s international integration, according to Prime Minister Nguyen Tan Dung.
Vietnam is activelyimproving its market economy institutions in order to accelerate thecountry’s international integration, according to Prime Minister NguyenTan Dung.

The PM was speaking during a dialogue in New York onSeptember 27 with representatives of leading US economic groups Metlife,GE, IBM, AES, Warburg Pincus, Coca-Cola and Ford.

He emphasisedagain that the country wants to further promote cooperation with the USin all fields, especially economics, trade and investment.

TheVietnamese leader cited the growing investment in the country’sinfrastructure development as one of its major breakthroughs andstressed that it now intends to achieve high-quality human resourcesdevelopment. He called on US investors to get involved in the resultingopportunities.

Vietnam and the US have agreed to lift theirrelations to a comprehensive cooperative partnership, he said, addingthat the prospect of the forthcoming Trans-Pacific Partnership (TTP)will fuel trade and economic ties between the two countries.

Heexpressed his hope the newly established partnership and the upcomingtrade deal will make the US the biggest trade partner and foreigninvestor in Vietnam.

The PM also assured the US participants ofthe Vietnamese Government’s commitment to continuously improving thebusiness climate and facilitating foreign businesses to launch effectiveand long-term operations in the country.

During the dialogue,the Prime Minister answered questions relating to the Government’simmediate and long-term priorities and measures to maintainmacro-economic stability, inflation control, economic restructuring andgrowth model reform.

He presented the country’s economicrestructuring process, particularly focusing on reforms to State-ownedenterprises, the banking system and bad debt settlements whileexplaining how Vietnam tries to become more economically competitive.

ThePM said he wants US economic groups to support Vietnam’s request for anend to discrimination against its goods, especially tra fish.

TheUS is Vietnam’s leading trade partner with total two-way trade betweenthem reaching 25 billion USD in 2012. The figure was 17 billion USD inthe first seven months of this year and it is expected to amount to 30billion USD by the end of the year.

♋ The US is currently theseventh biggest foreign investor in Vietnam, running 660 projects with atotal registered capital of 11 billion USD.-VNA

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PM Pham Minh Chinh orders quick progress on feasibility studies and procedures for important infrastructure projects. (Photo: VNA)

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PM Pham Minh Chinh chairs the national teleconference on June 22. (Photo: VNA)

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♕ Vietnam, China intensify experience sharing in diplomatic affairs

The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
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