Vietnam facilitates US operations

(VOV) - The Vietnamese Government is committed to protecting the legitimate rights of foreign investors, including US enterprises.

Deputy PM Vu Van Ninh made the affirmation at a reception for US-ASEAN Business Council President, Alexander Feldman, and his entourage in Hanoi on March 13.

If foreign businesses encounter difficulties, the Vietnamese Government is willing to co-ordinate to remove them. Vietnam is also prioritising the Trans-Pacific Partnership (TPP) Agreement negotiations which will help attract further foreign investment, said Ninh.

He also applauded the multi-faceted cooperation between Vietnam and the US in recent years, especially in the field of economics. More and more US businesses are investing in Vietnam with great success.

The Deputy PM said he expects the US intensify its Vietnamese investment in the areas of banking and finance. The US now ranks seventh among foreign investors in Vietnam.

The US-ASEAN Business Council President, Alexander Feldman, said Vietnam and the US should learn more about each others’ advantages and challenges in promoting economic cooperation through the TPP negotiation process.

In the future, the US will focus on investment in the fields Vietnam has demand, such as energy, health and telecommunications.

Mr Feldman said that around 70 small and medium-sized Vietnamese and American businesses are expected to attend a trade seminar scheduled in HCM City on March 18.