President calls on US business community to seize opportunities and invest more in Vietnam
Within the framework of the program to attend the High-level General Debate of the 80th session of the United Nations General Assembly (UNGA), combined with bilateral activities in the United States, on the morning of September 23 in New York, President Luong Cuong attended a discussion with US businesses co-organized by the Business Council for International Relations (BCIU) in coordination with the US Chamber of Commerce (USCC), and representatives of the US-ASEAN Business Council (USABC).
The seminar was attended by leaders and representatives of leading US corporations such as Vantive, Amazon, Apple, AES, Amway, Boeing, Excelerate Energy, Warburg Pincus, The Asia Group, Excel Services Corporation, Atlas Air, Meta, The Coca-Cola Company...
During the discussion, representatives of US corporations informed about investment cooperation activities in Vietnam, pointed out great potential and cooperation opportunities, as well as shared experiences and made recommendations so that corporations can contribute more to Vietnam's development.
US corporations expressed their admiration for Vietnam's remarkable economic and social progress, highly appreciated Vietnam's development strategy in the new era, and believed that with the outlined orientations, Vietnam will become an attractive destination for international investors and will achieve many successes in the future.
Sharing many common goals and priorities with Vietnam, from promoting digitalization, increasing exports, to ensuring equitable development, major US corporations all agree that Vietnam has strong potential to become a leading destination for development in many fields, and affirm their commitment to investment cooperation activities in Vietnam.
Speaking to US businesses, President Luong Cuong said that after nearly 40 years of Doi Moi, from an inefficient economy with an average income per capita of less than 100 USD in 1986, Vietnam has risen strongly, becoming one of the top 32 economies, with trade turnover in the top 20 in the world; signed 17 new generation free trade agreements, creating a closely linked network with more than 60 major economies in the region and globally.
The President pointed out that the history of Vietnam-US relations over the past 30 years is a vivid proof of the journey of healing and building trust between the two countries; at the same time, he affirmed that in the overall relationship, economic-trade-investment cooperation is always a key pillar. Bilateral trade turnover in 2024 will reach nearly 140 billion USD and the presence and effective business operations in Vietnam of leading US corporations are proof of the trust and potential for cooperation between the two sides.
Stating that Vietnam aims to build a prosperous and happy country, becoming a developed country with high income by 2045, the President said that to realize this vision, Vietnam has carried out strong institutional reforms, improved the quality of human resources, built infrastructure, considering this as the core driving force for development. In particular, Vietnam has completed the arrangement of two-level local governments nationwide, ensuring streamlining, effectiveness and efficiency; amended and perfected important laws such as the Investment Law, Enterprise Law, Land Law, creating a transparent and open business environment; implemented the National Digital Transformation Strategy, reformed administrative procedures, built e-government, promoted innovation, green economy and renewable energy.
The President called on the US business community to seize the opportunity, expand its presence and invest on a larger and deeper scale in Vietnam, to jointly create a new era of cooperation that is promising and sustainable; and affirmed that the Vietnamese State is committed to creating the most favorable conditions for US investors to confidently choose Vietnam as a long-term destination, and to join hands in creating a prosperous and sustainable future./.