President Tran Dai Quang highlighted the comprehensive partnership between Vietnam and the US while addressing a workshop with the US – APEC Business Coalition in Lima, Peru, on November 18, on the occasion of the 24th High-level Week of the Asia-Pacific Economic Cooperation (APEC) Forum from November 17-20.


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Economics, trade and investment cooperation has become a foundation and a significant driving force to propel the bilateral relations forward, he said, noting that two-way trade has increased by 20 percent over the past four years to reach 45 billion USD at present, and the US is a leading trade partner and the seventh biggest investor of Vietnam.

President Tran Dai Quang recalled that during US President Barack Obama’s visit to Vietnam last May, Vietnamese and US leaders recognised the remarkable contributions of the US business community to developing the two nation’s comprehensive partnership.

The two sides also considered trade and investment promotion a focal point for mutual benefits as well as for peace and stability in the region and the world, he added.

The President informed the US businesses about the socio-economic situation in Vietnam, and reaffirmed the Vietnamese State’s policy of accelerating the renewal process across the fields to obtain rapid and sustainable development.

Vietnam is improving the legal framework to create a stable and healthy business environment, as well as bettering the infrastructure system, facilitating foreign investment attraction, and protecting the environment, he said, reiterating the country’s consistent policy of protecting the legitimate rights and interests of overseas investors.

He also informed the businesses that Vietnam is making preparations for the hosting of the 2017 APEC Year, with central city of Da Nang selected to be the main venue.-VNA