Economy and trade are important pillars in Vietnam – US relations

National Assembly Chairwoman Vuong Dinh Hue welcomed the USABC high-ranking business delegation to visit and work in Vietnam in large numbers and operate in many fields. Taking place on the occasion of the 10th anniversary of the establishment of the Vietnam-US Comprehensive Partnership, the visit is a vivid testament to the development of the relationship between the two countries.

Over the past time, the relationship between Vietnam and the United States has continued to develop positively, in which economic-trade relations are an important pillar. The two countries’ trade turnover in 2022 reached a record of 123 billion USD, making Vietnam one of the eight largest trading partners of the United States.

The President of the National Assembly highly appreciated the effective operation of the US Business Community in general and USABC in particular, emphasizing the role of the US – ASEAN business community as a reliable partner and resource in promoting business activities. Vietnam’s common economic goals and priorities, as well as the development of the Vietnam-US Comprehensive Partnership.

However, with abundant capital, high quality, good governance experience, and high technology, the National Assembly Chairwoman also said that investment activities of US enterprises in Vietnam are not commensurate with the potential. strong; hopes that the US will soon improve its ranking in the ranking of countries and territories investing in Vietnam.

Over the past time, the National Assembly of Vietnam has promptly issued resolutions on fiscal and monetary policies to support the post-pandemic socio-economic recovery and development program to support businesses, including US businesses, in post-pandemic recovery. Thanks to that, Vietnam has regained its growth momentum with a GDP growth rate of up to 8.02%, and macro balances are ensured.

Business delegation of the US-ASEAN Business Council (USABC). Source: Internet 

The National Assembly Chairwoman affirmed that the National Assembly of Vietnam is committed to creating a stable, transparent, and favorable legal framework for foreign businesses, including US ones, to continue operating and expanding their scale. and long-term development in Vietnam, especially in areas where the US has strengths and Vietnam has needs; always ready to listen to the opinions, concerns, and aspirations of the business community about Vietnam’s policies and laws.

“Vietnam will continue to listen to the business community and create favorable conditions for businesses to continue to do stable, long-term, and successful business in Vietnam. No comments from businesses have been sent to the National Assembly without being seriously listened to, studied, and absorbed,” the National Assembly Chairman stated.

Members of the USABC High-Level Business Delegation would like to thank National Assembly Chairwoman Vuong Dinh Hue for taking the time to meet; congratulated Vietnam’s achievements over the past time and highly appreciated the decisions of the National Assembly of Vietnam, especially those to promote socio-economic recovery and remove many obstacles. in the medical field…

The USABC representative said that US businesses have great faith in Vietnam and Vietnam’s strong development prospects in the future. Assessing that Vietnam is a strategic market in the region and many businesses are committed to making long-term investments in the fields of health, green growth, and renewable energy associated with environmental protection. Representatives of businesses also sent to National Assembly Chairman Vuong Dinh Hue several recommendations related to the fields of digital transformation, renewable energy, tax, bidding, logistics, health…

At the meeting, the National Assembly Chairwoman welcomed the policy dialogue in the direction of a win-win, and suggested that USABC and its member businesses regularly exchange and make recommendations with the National Assembly and the Government of Vietnam. on policy and legal solutions on continuing to improve and improve Vietnam’s business investment environment and national competitiveness, together removing barriers and obstacles to investors.

The President of the National Assembly wished USABC and its member businesses to continue to further expand their investment business and contribute to the post-pandemic economic recovery; accompanying and supporting Vietnamese enterprises to access advanced technology, new solutions, effective management and participate in the supply chain and global value chain of US enterprises; promoting investment cooperation in the fields of priority Vietnam and the US have strengths such as high technology, innovation, green growth, digital economy, circular economy, knowledge economy, finance – banking, healthcare, high-quality human resource training, infrastructure, environment…

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