​​Hope for U.S. enterprises to become the largest investors in Vietnam

During his participation in the 79th United Nations General Assembly High-Level Week and his work in the United States, General Secretary and President To Lam attended a business seminar on September 23 in New York, organized by the U.S.-ASEAN Business Council (USABC), the U.S. Chamber of Commerce (USCC), and the Business Council for International Understanding (BCIU), in coordination with the Ministry of Planning and Investment and the Vietnamese Embassy in the United States.

At the seminar, U.S. businesses praised the economic development policies prioritized by the leaders of the Vietnamese Party and State, particularly the commitment to removing institutional obstacles and barriers to help businesses overcome difficulties and promote production and business activities.

The businesses also discussed cooperation opportunities in various sectors where Vietnam holds great potential. They expressed their eagerness to invest in Vietnam and confidence in achieving economic efficiency. Additionally, they emphasized their commitment to supporting Vietnam in maintaining sustainable development and expressed hope that the Vietnamese government would create favorable conditions in terms of mechanisms and policies for investment activities and long-term cooperation.

Representatives of U.S. businesses unanimously acknowledged the dynamic development of the Vietnamese economy in recent years, noting many encouraging specific results. They also shared their appreciation for the Vietnamese government's vision and strategic orientations for a new era of national growth, as mentioned by General Secretary and President To Lam.

Speaking at the seminar, the General Secretary and President emphasized that the Vietnam-U.S. relationship has continued to develop strongly, deeply, substantially, comprehensively, and effectively, based on trust and the interests of the people of both countries. This development contributes positively to peace, stability, cooperation, and sustainable development in the region and the world.

In terms of investment, the United States remains one of Vietnam's leading investment partners, with most major U.S. corporations present and effectively investing in Vietnam. Additionally, an increasing number of Vietnamese enterprises are investing in the U.S. market.

The bilateral trade turnover in 2023 is expected to exceed $110 billion, marking the third consecutive year that it has surpassed $100 billion and solidifying the U.S. position as Vietnam's largest export market.

General Secretary and President noted that the potential for cooperation between the two countries still has significant room for growth, driven by the internal strengths of each nation and the momentum provided by the Comprehensive Strategic Partnership. He emphasized that this partnership will enhance consensus in both countries and create favorable conditions to mobilize and concentrate resources for important cooperation programs and plans that benefit both sides.

After listening to the contributions and insights of many leading corporations, the General Secretary and President expressed his appreciation for the energy and enthusiasm of the U.S. business community in promoting expanded investment cooperation with Vietnam in the future. He expressed hope that U.S. businesses would continue striving to become the largest investors in Vietnam, leveraging their advantages and seizing opportunities based on equality, mutual respect, and mutual benefit, in line with the comprehensive strategic partnership between the two nations.

To achieve this goal, the General Secretary and President urged the relevant ministries, branches, and agencies of both countries to continue to translate the major policies and orientations of the bilateral comprehensive strategic partnership into concrete actions. He emphasized the importance of promptly supporting and addressing the difficulties and challenges faced by investors, as well as continuing to implement solutions that improve the investment and business environment in an open and transparent manner.

On this occasion, the General Secretary and President also expressed hope that U.S. investors would continue to advocate for the U.S. Government to soon recognize Vietnam as a market economy, thereby creating favorable conditions for businesses from both sides to collaborate in investment and trade.

The General Secretary and President reaffirmed that the Party and State of Vietnam regard the foreign investment sector as a vital component of the socialist-oriented market economy. This sector contributes to the fundamental transformation of the economy, positively influences economic institutional reform and innovation, improves the investment and business environment, and enhances Vietnam's prestige and position on the international stage. As such, the government consistently pays special attention to and creates the most favorable conditions for the business community, particularly foreign-invested enterprises, to operate effectively in Vietnam.