Sat. Jun 15th, 2024

Vietnam expects to see more investment from the United States , especially in the fields of banking and finance.

The statement was made by Deputy Prime Minister Vu Van Ninh when
receiving President of the US-ASEAN Business Council (US-ABC) Alexander
Feldman in Hanoi on March 13.

At the reception,
Ninh expressed his pleasure at the sound multifaceted cooperation
between Vietnam and the US over the past time, particularly in
economics.

Vietnam has seen the increasing
presence of US investors in the country, many of whom have reaped
considerable success, Ninh said, citing the fact that the US is
currently the 7 th largest foreign investor in the country.

He stressed the Vietnamese Government’s commitment to protect the
legitimate interests of foreign investors, including those from the US
, and its willingness to work with the investors to remove any
difficulties that they encountered.

Vietnam
is also accelerating procedures pertaining to the negotiation process of
the Trans-Pacific Partnership (TPP) Agreement as part of efforts to
attract foreign investment, Ninh added.

For his
part, Feldman said that during the TPP negotiation process, Vietnam
and the US will understand more about advantages and drawbacks of
each country for fostering a stronger economic link.

He stressed that the US attaches special importance to the Vietnamese
market and hoped that once the TPP succeeds, Vietnamese consumers can
have more access to the US goods and vice versa.

The executive also added that in the coming time, the US will focus
its investment on energy, healthcare, and telecommunication in Vietnam
as these fields need large investment.

He
revealed that a conference on Vietnam-US Trade will take place in Ho Chi
Minh City on March 18 with the participation of about 70 small and
medium-sized Vietnamese business and other US companies.-VNA

By vivian