President works with US-APEC Business Coalition in San Francisco hinh anh 1
President Vo Van Thuong has a working session with representatives from the US-APEC Business Coalition in San Francisco on November 15. (Photo: VNA)

The event drew Ted Osius, President & CEO of the US-ASEAN Business Council, along with representatives from dozens of major businesses of the US.

Representatives from US firms hailed the achievements and development potential of the Vietnamese economy, and showed their interest to seeking investment opportunities and expanding business in Vietnam.

They gave recommends on areas Vietnam needs to improve to lure more foreign investors, including strengthening investment in the airport system and hard and digital infrastructure system, speeding up the application of electronic customs clearance, and exerting more efforts in realising policies regarding digital transformation and one-touch payment.
President Thuong updated US businesses and investors on Vietnam’s policies and orientations in economic development, highlighting that the US has been Vietnam's important trade partner.

Vietnam is working hard to improve its investment environment, creating more favourable conditions for foreign investors, including those from the US to effectively operate in the country, benefiting themselves and the Vietnamese people, the leader said.

He underlined that Vietnam always listens to the voice of US businesses on their operation in Vietnam, and held that the upgrading of the Vietnam-US relations into a comprehensive strategic partnership is a chance for US businesses to strengthen collaboration with the Vietnamese peers, especially in the fields of the US’s strength.

Vietnam encourages programmes and projects to care for women and children as well as people in far-flung areas, and stands ready to listen to new ideas and policy recommendations from US enterprises, stated the President.

He said that his entourage to San Francisco includes leaders of some Vietnamese localities with great potential and advantages, suggesting US firms explore investment opportunities in these localities.

Thuong said he hopes US firms will contribute their voices to persuade the US administration to soon recognise Vietnam’s market economic mechanism and remove it from the list of semiconductor support restriction to create favourable conditions for cooperation programmes and projects between the two sides./.VNA