Welcoming the USABC delegation led by former US Ambassador Ted Osius, now Senior Vice President and Regional Managing Director of the USABC, in Hanoi on July 11, Prime Minister Chinh briefed participants on Vietnam’s recent socio-economic developments and reiterated the country is reforming and will continue to reform more vigorously, placing people and businesses at the centre of development.

He emphasised that Vietnam ensures equal access to resources for both domestic and foreign enterprises, while further facilitating regulations on visas, labour, and food safety.

In his opinion, Vietnam and the United States have recently engaged in active negotiations on tax policy, with both sides making progress toward a joint statement on a reciprocal, fair, and balanced trade framework. This, he said, will provide a solid foundation for fostering long-term, stable, and mutually beneficial economic and trade relations.

He thanked US businesses for their support and active role in promoting Vietnam - US negotiations, investment cooperation, and bilateral relations. He encouraged the US business community to continue engaging with the US Government, advocating for timely, reasonable tariff arrangements for specific product categories that would contribute to balanced, sustainable, and resilient bilateral trade.

At the same time, he urged the US business community to strongly support the strengthening of sustainable economic, trade, and investment cooperation between the two countries; and to refrain from applying trade defence measures on Vietnamese exports or taking actions that could negatively impact the current positive bilateral relationship.

He asked them to advocate for the early recognition of Vietnam’s market economy status and the removal of Vietnam from the list of countries restricted from accessing high-tech exports.

The Prime Minister called on US businesses to continue increasing high-quality investment in Vietnam, accelerating the transfer of advanced technologies, enhancing corporate governance capabilities, and supporting workforce training for Vietnamese enterprises, particularly in key sectors such as agriculture, processing industries, semiconductors, and artificial intelligence.

He further encouraged US firms to create pathways for Vietnamese businesses to participate more deeply in global supply chains, and to actively contribute policy recommendations to help Vietnam refine its legal and institutional frameworks.

He assured his guests that the Vietnamese Government would continue to listen, share vision and action, work and act together with the business community for shared success.

The Vietnamese Government will continue cutting administrative procedures, regularly reviewing and improving laws and policies to make the investment, production, and business environment in Vietnam increasingly open, transparent, equitable, and conducive, he said.

It will ensure the legitimate rights and interests of investors, while helping businesses reduce compliance, input, and logistics costs, thus improving competitiveness and enabling long-term, stable, effective, and sustainable operations, he added.

Representatives of the USABC praised Vietnam’s improving business environment, noting its strong commitments, clear strategic vision, and bold reform efforts, especially in streamlining government structures.

They reaffirmed their long-term commitment to investment and cooperation in Vietnam, while offering suggestions to strengthen and deepen the increasingly dynamic bilateral relationship.

US businesses explore new investment opportunities in central Vietnam

VOV.VN - Hundreds of experts from the United States and Vietnam, along with policymakers and business leaders attended a forum in Da Nang city on June 23 to seek ways to accelerate high-quality investment into central Vietnam, which is poised to become a strategic destination for global capital inflows.