|Prime Minister Nguyen Xuan Phuc hosts the US Secretary of Commerce Wilbur Ross (Photo: VNA)
Prime Minister Nguyen Xuan Phuc made the statement at a reception in Hanoi on November 8 for the US Secretary of Commerce Wilbur Ross and a US business delegation.
He applauded the efforts made by the US Secretary of Commerce to boost Vietnam-US trade and investment ties and noted with satisfaction the substantial progress in a wide range of fields in the bilateral relationship, particularly the steady growth of economic and trade links which give added impetus to the ties between the two nations.
The Vietnamese cabinet leader also was also appreciative of the cooperation between the two countries in the framework of the Trade and Investment Framework Agreement (TIFA) to discuss economic and trade issues of shared concern and enhance two-way trade, thus helping remove difficulties for their enterprises.
He hailed the close collaboration between Vietnam’s Ministry of Industry and Trade and the US Trade Representative (USTR) in working out a plan of actions towards harmonious and sustainable trade balance between the two countries.
PM Phuc pledged to offer the best possible conditions to promote economic, trade and investment cooperation with the US, and open the market for US products.
Vietnam is carrying out equitisation of State-owned enterprises, which provides plenty of opportunities for US companies to become strategic partners of those enterprises, he said, adding that he hopes the US will send more business delegations to Vietnam next year when Vietnam performs its role as Chair of ASEAN.
The US guest said the US business delegation accompanying him during this trip include representatives from numerous major corporations, who are highly interested in the Vietnamese market with huge potential.
He stated that incessantly increased per capita income shows remarkable progress in Vietnam’s socio-economic development.
US groups aspire to contribute to Vietnam’s development, and they hope the Vietnamese Government will further improve the business and investment climate, and simplify administrative procedures to further facilitate business activities, he told his host.
He said the US Department of Commerce is destined to arrange for a business delegation to visit Vietnam in March next year to seek opportunities for energy cooperation, while suggesting the two countries promote partnership in health care that is a strength of the US.
Representatives from some US groups showed their wish to invest more in Vietnam and thanked the Vietnamese Government, ministries, sectors and partners for their support and cooperation over the past time.
They expressed their wish for stronger bilateral trade and the opening of direct flights between the two countries.
On the occasion, PM Phuc, Secretary Ross and officials of both nations witnessed the signing of a number of important commercial deals.