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Thursday, April 2 2020
Tiếng Việt
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Date 09/03/2017-15:12:00 PM
Minister Nguyen Chi Dung works with high-level delegation of the US-ASEAN Business Council
(MPI) – On March 07th 2017, at the headquarters of the MPI, Minister Nguyen Chi Dung had a meeting with high-level delegation of the US-ASEAN Business Council (US-ABC) led by Senior Vice President and Regional CEO Michael Michalak. Attending the meeting, there were leaders of Ministerial units and representatives of 30 large businesses under the US-ABC.

Whole scene of the meeting. Photo: Minh Trang (MPI)

Speaking at the meeting, Mr. Michael Michalak said that his delegation visiting Vietnam aims to look for opportunities on investment and collaboration with Vietnam, contributing to socio-economic development of Vietnam and strengthening the bilateral relations. He also informed some new contents and policies of the US after the inauguration of President Donald Trump and confirmed that the stability of policy in general and tax policies in particular is the most important factor for foreign firms to make investment decisions. Vietnam has got its own advantages and been an attractive destination of foreign firms. He hoped that Vietnam Government would continue improving investment climate to maintain the stability, linkage and dialogues between the Government and enterprises, saving its position in investment attraction.

At the meeting, the large businesses of the US in services, IT, automobile, health, pharma, energy, finance… highly appreciated the efforts of Vietnam on improving business climate and expressed his determination to expand the operation, becoming trusted partners of Vietnam in the process of development. They also informed their business situation in Vietnam, raised some ideas related to granting certificates, legal provisions, some solutions on environment, technology… and frankly discussed on the basis of the companion and development.

Minister Nguyen Chi Dung and Mr. Michael Michalak. Photo: Minh Trang (MPI)

Speaking at the meeting, Minister Nguyen Chi Dung said that Trans-Pacific Partnership (TPP) is an important agreement of the world in general and of Vietnam in particular. After the withdrawing of the US from the TPP, the remaining countries have been discussing actively to find out a new method, continue opening and liberalizing. The Minister also affirmed that the process of economic opening, liberalizing and integration of Vietnam is the consistent and throughout policy.

Vietnam has got a favorable location, its role and position on the world and in ASEAN region have been confirmed. Vietnam is a potential and developed market with the population of over 90 million; its infrastructure system has been improving; legal normative documents perfecting more fully, conveniently and transparently; human resource is abudant and low cost… In the process of economic reform and restructure, Vietnam focuses on three strategic breakthroughs, namely perfecting the socialist-oriented market economy institution, basically and comprehensively innovating education, training and developing human resource, especially high-quality one, building synchronous infrastructure system. Vietnam has been restructuring the economy in line with innovating growth model and targets, improving productivity and competitiveness of the economy; improving investment business climate, facilitating domestic and foreign firms, which are considered as driving force for growth.

At the meeting, the Minister highly appreciated foreign firms in general and the US ones in particular investing in Vietnam, contributing to socio – economic development of Vietnam and encouraged them to expand business operation. He absolutely agreed with the ideas and proposals of the US’ businesses. He highly appreciated and thanked them for the close collaboration, contributing to the linkage of the two economies and strengthening Vietnam – US diplomatic relations./.

Nguyen Huong
Ministry of Planning and Investment

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