US businesses keen to expand operations in Vietnam
VOV.VN - Representatives of US corporations expressed their desire to further seek investment opportunities and expand operations in Vietnam during an exchange between the US-APEC Business Coalition and Vietnamese President Vo Van Thuong in San Francisco on November 15 (local time).
The meeting attracted the participation of leaders of dozens of large US firms such as Apple, Boeing, BowerGroupAsia, Cargill, Chubb, Citi, Crowell & Moring International, East West Bank, FedEx, Google, KKR, Mayer Brown, Meta Platforms, Microsoft, Moody's, Organon, Pfizer, Procter & Gamble, Prudential Financial, PwC, UPS, Visa, Walmart, and Western Digital Corporation.
US business leaders highly appreciated Vietnam’s economic development potential and made recommendations to help the Southeast Asian nation to attract more foreign investment.
They recommended that Vietnam increase investment in hard infrastructure, including airports, digital infrastructure, reform, and e-customs services. They also expected that Vietnam would make breakthroughs in digital transformation, one-touch payment, and government spending management, while taking care of people’s health, especially women and children.
President Thuong for his part briefed US businesses on Vietnam’s economic development strategy, affirming the US is Vietnam’s important trading partner.
According to the President, Vietnam is making every effort to improve the investment environment, creating more favourable conditions for foreign businesses, including US corporations, to invest in Vietnam efficiently for win-win gains.
He shared some difficulties faced by US businesses in their operations in Vietnam and said the government is now working hard to address these concerns.
The president said the upgrade of the Vietnam – US relationship to the Comprehensive Strategic Partnership framework presents a great opportunity for US firms to strengthen cooperation with Vietnamese businesses and localities, especially in fields of the US’ strengths, such as innovation, infrastructure development, health care, research and development.
Vietnam encourages cooperation programmes and projects targeting women, children, and people in remote areas, he said.
The president encouraged US corporations to invest in Vietnamese localities, saying only when there is cooperation between US businesses and investors and Vietnamese localities, is cooperation between the two sides truly effective, stressed the president.
He also proposed that US corporations encourage the US administration to soon recognize Vietnam’s market economy status and remove Vietnam from the list of entities subject to restrictive export controls on semiconductor manufacturing items, in order to facilitate cooperation programmes and projects between the two side.
