San Francisco (VNA) – President VoVan Thuong had a working session with representatives from the US-APEC BusinessCoalition on November 15, as part of his ongoing US trip to attend the APECLeaders’ Week and bilateral activities in San Francisco.

The event drew Ted Osius, President & CEO of the US-ASEANBusiness Council, along with representatives from dozens of major businesses ofthe US.

Representatives from US firms hailed the achievements anddevelopment potential of the Vietnamese economy, and showed their interest toseeking investment opportunities and expanding business in Vietnam.

They gave recommends on areas Vietnam needs to improve tolure more foreign investors, including strengthening investment in the airportsystem and hard and digital infrastructure system, speeding up theapplication of electronic customs clearance, and exerting more efforts inrealising policies regarding digital transformation and one-touch payment.

President Thuong updated US businesses and investors onVietnam’s policies and orientations in economic development, highlighting thatthe US has been Vietnam's important trade partner.

Vietnam is working hard to improve its investmentenvironment, creating more favourable conditions for foreign investors,including those from the US to effectively operate in the country, benefiting themselvesand the Vietnamese people, the leader said.

He underlined that Vietnam always listens to the voice of USbusinesses on their operation in Vietnam, and held that the upgrading of theVietnam-US relations into a comprehensive strategic partnership is a chance forUS businesses to strengthen collaboration with the Vietnamese peers, especiallyin the fields of the US’s strength.

Vietnam encourages programmes and projects to care for womenand children as well as people in far-flung areas, and stands ready to listento new ideas and policy recommendations from US enterprises, stated thePresident.

He said that his entourage to San Francisco includesleaders of some Vietnamese localities with great potential and advantages,suggesting US firms explore investment opportunities in these localities.

Thuong said he hopes US firms will contribute their voices to persuade the USadministration to soon recognise Vietnam’s market economic mechanism and remove it from the list of semiconductor support restriction to create favourable conditionsfor cooperation programmes and projects between the two sides./.