Sunday, September 25 2016

VietNamNews

PM calls for US-ABC to assist VN companies

Update: August, 26/2016 - 10:14
Prime Minister Nguyễn Xuân Phúc has asked the US-ASEAN Business Council (US-ABC) to help Vietnamese enterprises improve their competitiveness and advise his Government on steering national development in a meeting yesterday. — Photo nhandan.com.vn

HÀ NỘI – Prime Minister Nguyễn Xuân Phúc has asked the US-ASEAN Business Council (US-ABC) to help Vietnamese enterprises improve their competitiveness and advise his Government on steering national development in a meeting yesterday.

Việt Nam-US relations, especially their investment and trade ties, have made progress over the past decade, he stressed, appreciating US businesses’ assistance and co-operation with their Vietnamese peers, particularly the help given through the Việt Nam Chamber of Commerce and Industry (VCCI).

The Cabinet chief said his Government is changing its leadership style with the aim of best serving people and businesses. It is ramping up administrative and policy reforms so as to create a more transparent and proficient institutional environment which is crucial for facilitating foreign investment in Việt Nam.

With those efforts, the Government expects to provide a good prerequisite for effectively implementing the Trans-Pacific Partnership (TPP) agreement and helping companies operating in the country to capitalise on this deal, the PM said.

He noted that his Cabinet completed a dossier for TPP ratification and the National Assembly is set to consider approving this trade pact in October 2016.

On behalf of the US-ABC, President and CEO Alexander Feldman said his delegation to Việt Nam comprises representatives of 37 leading businesses in the US, which proves US firms’ interest in partnerships and investment opportunities in the Southeast Asian nation.

US enterprises want to contribute to the local economic development and will ensure their social responsibility while operating here, he said.

While TPP is a milestone in promoting the countries’ trade and investment relationship, both their Governments and businesses strongly support the expansion of economic, trade and investment relations. Hence, US companies hope Việt Nam will soon ratify this deal, he added. – VNS

 

 

 

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