On the morning of September 23 in New York, as part of his official visit to attend the high-level general debate of the 80th United Nations General Assembly and engage in bilateral activities in the United States, President Luong Cuong participated in a roundtable with leading U.S. corporations. The event was co-organized by the Business Council for International Understanding (BCIU), the U.S. Chamber of Commerce (USCC), and representatives of the U.S.-ASEAN Business Council (USABC).

The roundtable brought together executives and representatives from some of the world’s largest American corporations, including Vantive, Amazon, Apple, AES, Amway, Boeing, Excelerate Energy, Warburg Pincus, The Asia Group, Excel Services Corporation, Atlas Air, Meta, and The Coca-Cola Company.

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President Luong Cuong attends a business roundtable co-organized by BCIU, USCC, and USABC. Photo: Lam Khanh/VNA

During the discussion, representatives from these U.S. corporations shared updates on their investment and cooperation activities in Vietnam. They highlighted the significant potential and opportunities available, and offered insights and recommendations to further enhance their contributions to Vietnam’s development.

The companies expressed deep admiration for Vietnam’s remarkable economic and social achievements, praising the country’s development strategy in the new era. They voiced strong confidence in Vietnam’s trajectory and considered it an increasingly attractive destination for global investors, with bright prospects ahead.

Sharing Vietnam’s development priorities - from digital transformation and export growth to equitable development - major U.S. corporations agreed that the country holds strong potential to become a leading hub in various sectors. They reaffirmed their long-term commitment to investing and partnering in Vietnam.

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President Luong Cuong addresses the U.S. business community in New York. Photo: Lam Khanh/VNA

In his remarks, President Luong Cuong noted that after nearly 40 years of Doi Moi (Renovation), Vietnam has emerged from being an inefficient economy with per capita income under USD 100 in 1986 to one of the world’s top 32 economies. The country now ranks among the world’s top 20 in trade volume and has signed 17 next-generation free trade agreements, creating a closely connected network with more than 60 major economies globally and regionally.

He emphasized that the 30-year history of Vietnam-U.S. relations stands as living proof of reconciliation and mutual trust-building. Within this partnership, economic, trade, and investment cooperation has always been the key pillar.

Bilateral trade in 2024 reached nearly USD 140 billion. The active presence and successful operations of major U.S. corporations in Vietnam underscore the trust and potential that exists between both countries.

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President Luong Cuong presents Vietnam’s long-term vision to business leaders. Photo: Lam Khanh/VNA

The President reiterated Vietnam’s vision of becoming a prosperous and happy high-income developed country by 2045. To realize this goal, Vietnam has undertaken bold institutional reforms, improved workforce quality, and developed core infrastructure as essential engines of growth.

The country has completed the nationwide restructuring of its two-tier local government system to ensure a streamlined and efficient administration. Important laws have been revised and improved, including the Investment Law, Enterprise Law, and Land Law, to create a transparent, open business environment. The government is also advancing a national digital transformation strategy, administrative reform, e-government, innovation, green economy, and renewable energy.

President Luong Cuong called on the U.S. business community to seize this opportunity to expand their presence and scale up investment in Vietnam. He emphasized the shared commitment to shaping a new, sustainable, and prosperous era of cooperation. Vietnam’s government, he affirmed, is fully committed to creating the most favorable conditions for American investors to confidently choose Vietnam as a long-term strategic destination and partner in building a brighter future.

TTXVN