PM Hung expressed appreciation for the interest of the US business community in the Vietnamese market, describing this as evidence of expanding opportunities for economic, trade and investment cooperation between the two countries. He said Vietnam has recently completed the appointment of key leadership positions of the Party, State and National Assembly, and that the National Assembly has approved appointments to leadership positions of the Government and relevant ministries and sectors, creating favourable conditions for US businesses to access and operate in Vietnam.

Emphasizing the goal of fast but sustainable economic development, with improving people’s living standards as the central goal, he said Vietnam is focusing on strengthening strategic autonomy and shifting its growth model based on science and technology, innovation and digital transformation, moving from extensive to intensive growth based on productivity and knowledge. Vietnam has recently carried out the largest reform of the state apparatus in its history to build a more dynamic and efficient system. The country is committed to removing barriers and improving and completing institutions and policy mechanisms to create the best possible conditions for foreign investors, particularly US enterprises.

Affirming the US as a leading partner, the Vietnamese Government leader said Vietnam wants to make the Comprehensive Strategic Partnership between the two countries more substantive, for the benefit of people and businesses of both nations and contribute to peace and prosperity in the region.

He noted the positive outcomes of the recent meeting between General Secretary and State President To Lam and US President Donald Trump in New York, and said it created fresh impetus for cooperation in areas such as economics, trade, investment and innovation.

“To further strengthen economic, trade and investment relations between the two countries, Vietnam is ready to create the most favourable conditions for US businesses to expand their operations and investment in Vietnam, thereby contributing to the development of bilateral relations and bringing practical benefits to people and business communities of both countries. Vietnam is also ready to hold frank, substantive and constructive exchanges with US business representatives on major directions and specific solutions to create strong changes and further develop economic, trade and investment cooperation in a substantive, effective and mutually beneficial way,” he said.

At the meeting, the US business community congratulated and expressed confidence that under the leadership of Prime Minister Le Minh Hung, Vietnam will achieve strong growth, enhance competitiveness and strengthen its global standing in line with the priorities of the 14th National Party Congress.

The US business delegation operates in key sectors including energy, ICT/digital technology, financial services, aerospace, automotive, logistics, advanced manufacturing, healthcare and life sciences, agriculture, consumer goods, tourism and consulting. They expressed their desire for Vietnam to continue reforms, simplify administrative procedures and align with international practices; further improve the investment environment, and enhance policy stability, transparency and predictability. They said the presence of 52 companies is evidence of their long-term investment commitment to Vietnam.

Hailing the substantive and frank opinions of US businesses, PM Hung said the Government will direct relevant agencies to act decisively. Issues that can be resolved, especially those related to administrative procedures and business conditions, will be resolved immediately; matters that remain unresolved on both sides will be further discussed by relevant ministries and sectors with the US side to find appropriate solutions on the basis of harmonized interests.

Sharing major policy directions, he said Vietnam is accelerating reforms, further improving the legal framework and institutions, and making the investment and business environment more favourable, transparent and effective. The country is also stepping up efforts to cut administrative procedures and business conditions (in the second quarter, ministries are required to reduce 50% of compliance costs and processing time, and ministries will handle no more than 30% of procedures under their management), amend laws, planning frameworks and regulations to mobilise resources for development, including investment capital. In this process, the Government will listen carefully to feedback from the business community, including US enterprises.

The Government leader instructed ministries and agencies to promptly study and provide written responses to specific issues raised by businesses. The Ministry of Foreign Affairs and the Government Office will monitor and report on progress and final outcomes.

He called on the US-ASEAN Business Council and US companies to use their role and influence to convey messages about Vietnam’s goodwill and cooperation efforts, provide objective views reflecting the realities of Vietnam’s economy, and help achieve early conclusion of a reciprocal, fair and balanced trade agreement between the two countries. He also urged the US to soon recognize Vietnam as a full market economy and remove it from export control lists (D1–D3).

He called on the US-ASEAN Business Council and US companies to make use of their role and influence to convey messages about Vietnam’s goodwill and cooperation efforts, provide objective views on the reality of Vietnam’s economy, and help the two countries reach early conclusion of a reciprocal, fair and balanced trade agreement. He also urged the US to soon consider recognizing Vietnam as a full market economy and remove Vietnam from export restriction lists (D1–D3).

PM Hung stressed that the Government welcomes leading US energy corporations to invest in Vietnam, contributing to national energy security and the development of a fair, transparent and efficient energy market. Vietnam is also ready to facilitate capable US telecommunications companies in accessing the market to study investment, technology transfer and development of telecommunications infrastructure, including 5G and subsea fibre-optic cables, while ensuring national security and compliance with Vietnamese law.

He also asked the US-ASEAN Business Council and US companies, with their influence, to work with the Vietnamese Government to successfully organize APEC 2027, thereby creating momentum for Vietnam to continue opening its market, attracting investment, transferring technology and enhancing the competitiveness of the economy.

Vietnam pledges stable, transparent investment environment at USABC meeting

VOV.VN - Vietnam has reaffirmed its commitment to maintaining a stable, transparent and predictable investment environment for foreign investors, including US businesses, during a meeting between leaders of the National Assembly of Vietnam and the US-ASEAN Business Council (USABC) in Hanoi on April 15.

USABC commits to supporting Vietnam’s pursuit of double-digit growth

As Vietnam targets over 10% GDP growth and enters a new development phase following the 14th National Congress of the Communist Party of Vietnam (CPV), the US–ASEAN Business Council (USABC), pledges long-term support for investment, trade, and innovation, helping the country build a stronger, more prosperous future.