10/07/2015 09:52 GMT+7 Email Print Like 0

Party chief meets with big US enterprises

Washington D.C., July 9 (VNA) – Vietnam will continue speeding up renovations and administrative reforms, particularly in tax and customs procedures, in order to create an attractive investment climate for foreign businesses, stated Party General Secretary Nguyen Phu Trong.

The Party Chief attended a round-table seminar with major US enterprises in Washington D.C. on July 8 (local time) held by the US Chamber of Commerce and the US-ASEAN Business Council.

While meeting with the participating enterprises to discuss Vietnam’s economic situation and its policies to boost economic growth and intensify economic-trade-investment ties with the US, he asked for opinions related to cooperation and investment in Vietnam.

Representatives of US enterprises expressed their confidence in Vietnam’s human and natural resources potential and Vietnam-US relations prospects, especially in economics, trade and investment.

They spoke highly of the Party leader’s historic visit to the US, saying it is a new milestone in the bilateral relations.

They also believed that the Trans-Pacific Partnership agreement, which is currently under negotiations, will bring about numerous trade and investment opportunities for both the US and Vietnam.

Some appreciated the revised Investment Law and its reduction of foreign investment limitations while making proposals to further improve the investment environment in Vietnam.

Acknowledging the businesses’ opinions and proposals, the Party General Secretary said he hopes US-based enterprises will invest in projects using modern technologies and are environmentally-friendly, which not only serve their global business strategy but also contribute to developing the Vietnam-US comprehensive partnership.