The Vietnamese Government always treasures and creates favourable conditions for enterprises from the US to land investments and operate long-term and sustainable business in the country, Deputy Prime Minister Trinh Dinh Dung has said.
Hanoi (VNA) – The Vietnamese Government always treasures andcreates favourable conditions for enterprises from the US to land investmentsand operate long-term and sustainable business in the country, Deputy PrimeMinister Trinh Dinh Dung has said.
Hosting a reception for some of the visiting US corporations on the sidelinesof the US-Vietnam Business Summit on September 10, Deputy PM Dung highlightedthe importance of the event which discussed measures to boost effectivecooperation methods between Vietnam and US investors in the context of Industry4.0.
In recent years, both nations have enjoyed substantial changes in theirrelations, he said, adding that Vietnam has always seen, and will continue to see,the US as a leading partner. The Asian nation wishes to bolster its comprehensivepartnership with the US on the basis of respecting each other’s independence,sovereignty, territorial integrity, and political institutions, contributing tomaintaining regional and global peace, stability, cooperation, and development.
He said that collaborations in economy, trade, and investment have become acrucial pillar of and a key driver for bilateral ties. After 20 years of the normalisationof relations, the US has become one of the largest trade partners of Vietnam.
Chairman of the American Chamber of Commerce Michael Kelly, who led the USbusiness delegation, said that US investors want to expand their business scaleand foster long-term investment in Vietnam. Meanwhile, there is also a queue offirms seeking investment opportunities in the country.
US Ambassador to Vietnam Daniel J. Kritenbrink said he is upbeat about the prospectsand results of the cooperation between companies of both sides.
He underlined that the US Embassy always encourages US firms to enhance theirpresence in Vietnam.
Two-way trade increased from 7.8 billion USD in 2005 to 54 billion USD in 2017.By the end of 2018’s second quarter, the figure was 27.4 billion USD, with USimports rising more than 20 percent.
As of June this year, the US had 877 valid projects with a total registeredcapital of 9.37 billion USD in Vietnam, making it the 10th largest investoramongst the 128 countries and territories investing FDI in Vietnam. –VNA
Deputy Prime Minister Vuong Dinh Hue had a meeting with US Secretary of Commerce Wilbur Ross and Trade Representative Robert Lighthizer on June 26 as part of his ongoing visit to the US.
Deputy Prime Minister Vuong Dinh Hue met with US enterprises during his visit to the US from June 25-27 to introduce Vietnam’s external and macro-economic policies, economic reform and investment attraction mechanisms.
Vietnam’s business environment has been improved significantly, especially the competitiveness, said US businesses from the US-ASEAN Business Council (USABC).
Prime Minister Nguyen Xuan Phuc suggested boosting economic, trade and investment ties between Vietnam and the US city of Los Angeles during a reception for its Mayor Eric Garcetti in Hanoi on July 28.
The 2018 US-Vietnam Business Summit was jointly held in Hanoi on September 10 by the Vietnam Chamber of Commerce and Industry (VCCI) and the American Chamber of Commerce in Vietnam (AMCHAM).
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
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.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
At the reception (Photo: VNA) 
