Vietnam facilitates US investment
Deputy Prime Minister Le Minh Khai works with some US businesses - photo: VGP/Tran Manh |
Deputy Prime Minister Le Minh Khai expressed the desire to listen to the feedback and recommendations from US businesses, especially those related to policies. This is to ensure that relevant authorities can promptly implement effective solutions to create better conditions for businesses.
At the working session, US businesses put forth specific recommendations, including increasing the foreign ownership ratio in the banking sector to contribute to financial stability and facilitate investment opportunities for investors; boosting investment in sectors, such as hotels, manufacturing, supplying medical equipment and pharmaceuticals; investing in transportation infrastructure, logistics, and expanding internet development in remote, rural, and economically challenging areas; enhancing cybersecurity; providing healthcare and ensuring employment opportunities for women in rural areas; developing air transportation services; valuing the stock market as an important component of the economy; and promoting cooperation in the field of education and high-quality human resource training.
At the working session, the leader of a US company highly appreciated Vietnam’s achievements over the past nearly 40 years of renovation and requested Deputy Prime Minister Le Minh Khai to share more about the attained results, as well as the country’s development strategies for the coming decades.
Deputy Prime Minister Le Minh Khai shared that after nearly 40 years of renovation, Vietnam has experienced strong and comprehensive development with significant achievements in various fields, such as politics, economy, society, healthcare, education, defense, security, and foreign affairs. The scale of the economy has expanded and reached US$430 billion in 2023, making Vietnam the fifth largest economy in ASEAN and the 35th among the 40 largest economies in the world. The lives of Vietnamese people have significantly improved across all aspects.
Vietnam is one of the most attractive destinations for US investors in the semiconductor industry |
Regarding Vietnam’s development strategy, Deputy Prime Minister Le Minh Khai outlined the country’s goals for the future. By 2030, Vietnam aims to become a country with a modern and advanced industrial sector, high average income. By 2045, on the occasion of the 100th anniversary of its establishment, Vietnam aspires to become a developed nation with high income levels. To achieve these objectives, in addition to self-efforts, Vietnam highly values cooperation with other countries and the foreign direct investment (FDI) business community.
Deputy Prime Minister Le Minh Khai expressed delight at the effective production and business activities of the US business community in Vietnam. He expressed the desire for US businesses to continue accompanying Vietnam in its development process and expand their investments and operations in the country. The Deputy Prime Minister affirmed that the Government will make every effort to create favorable conditions for businesses to operate smoothly.
Deputy Prime Minister Le Minh Khai also requested US businesses to report any difficulties or obstacles facing their operations in Vietnam so that relevant Vietnamese authorities can provide appropriate solutions within their jurisdiction.
See also
Foreign, domestic investment in Ba Ria - Vung Tau rises sharply
09:22 | 07/05/2024 FDI
Thai Binh province rolls out red carpet for Dutch businesses
10:45 | 30/04/2024 FDI
See more news
Lao Cai province calls for more Japanese investments
08:43 | 25/04/2024 FDI
Central Highlands provinces seek closer trade, investment ties with India
09:15 | 18/04/2024 FDI
Vietnam ready to ride US investment wave
06:27 | 15/04/2024 FDI
Government listens to partners, investors
06:00 | 13/04/2024 FDI
French businesses interested in Vietnamese market
14:50 | 08/04/2024 FDI
German businesses to expand presence in Vietnam
16:59 | 05/04/2024 FDI
Hanoi’s development investment increases by 8.5% year on year
08:14 | 04/04/2024 FDI
Bac Ninh’s efforts to improve investment environment pay off
15:15 | 02/04/2024 FDI
Singapore tops foreign investors in Vietnam in first quarter
10:08 | 31/03/2024 FDI
Manufacturing, processing industries an FDI magnet
06:00 | 29/03/2024 FDI
Timber and wood product exports grow
09:06 | 08/05/2024 Major exports
Vietnam, Australia eye to step up trade, investment cooperation
08:37 | 08/05/2024 Vietnam and other regions
Firms get updates on EU regulations on imported agricultural products, foods
06:10 | 08/05/2024 Foreign trade
Fansipan Rose Festival 2024 offers tourists fascinating experiences
06:00 | 08/05/2024 Tourism
Retail sales, services revenue up 8.5 per cent in four months
06:00 | 08/05/2024 Economy
Multimedia
Green transformation in tourism starts with correct understanding, awareness: expert
06:00 | 07/05/2024 Tourism
Vietnamese celebrated director to head jury at Shanghai International Film Festival
06:00 | 07/05/2024 Lifestyle
HCM City achieves $127 million in tourism revenue over five-day holiday
06:00 | 04/05/2024 Tourism
Optimising UNESCO titles for national development
06:00 | 04/05/2024 Lifestyle
7 places that are worth a visit in Điện Biên
06:00 | 05/05/2024 Tourism
Decree fosters industrial cluster development
06:00 | 07/05/2024 Policy
Decree regulates conditions for cars from abroad to Việt Nam
06:00 | 06/05/2024 Policy
Fresh policies come into effect in May 2024
06:00 | 03/05/2024 Policy
Employment Law to be revised for better assurance of employees’ interests
10:53 | 01/05/2024 Policy
IC development challenges Dong Nai Province
14:00 | 07/05/2024 Industry promotion
Textile and garment businesses face difficulties due to lack of domestic supply
05:00 | 07/05/2024 Industry
Automobile industry reported strong sales in Q1
06:00 | 05/05/2024 Industry
DPPA boots renewable energy, competitive electricity market
15:06 | 03/05/2024 Energy
Foreign, domestic investment in Ba Ria - Vung Tau rises sharply
09:22 | 07/05/2024 FDI
Foreign investors encouraged to invest in petroleum storage infrastructure
08:27 | 05/05/2024 Investment
Cambodian media values Vietnam's foreign investment attraction
09:50 | 03/05/2024 Investment
Thai Binh province rolls out red carpet for Dutch businesses
10:45 | 30/04/2024 FDI
MoF refuses to cut import tax for some materials of animal feed production
09:36 | 07/05/2024 Finance-Banking
Government proposes extending VAT cut until year end
09:10 | 05/05/2024 Finance-Banking
Stock market upgrade to help Vietnam lure another 10 bln USD in investment
09:23 | 03/05/2024 Stock Market
VND30-trillion credit package for forestry, fisheries businesses
06:00 | 30/04/2024 Finance-Banking
Is it possible to deny collection for waste unsorted at source?
06:00 | 07/05/2024 Environment
PM asks for effective preventive solutions against forest fires
06:00 | 05/05/2024 Environment
Heat records broken, more hot weather forecast for May
06:00 | 04/05/2024 Environment
Vietnam faces climate change challenges
06:00 | 02/05/2024 Environment
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
HCM City: Centre for Fourth Industrial Revolution to debut in September
06:00 | 05/05/2024 Science - Technology
Vietnam’s digital products to go global
06:00 | 04/05/2024 Science - Technology
Digital transformation events for banking sector slated for May
06:00 | 03/05/2024 Science - Technology
Bình Thuận works to stop fishing vessels from infringing on foreign waters
06:00 | 08/05/2024 Province
Điện Biên Phủ Victory shows strength of intelligence, public consensus: Officer
06:00 | 07/05/2024 Society
HCM City works to put Metro Line No. 1 into operation soon
06:00 | 06/05/2024 Society
Online administrative procedures to be processed on one app only from July 1
08:49 | 04/05/2024 Society
Habeco, northern beer Industry icon, reports largest quarterly loss in four years
06:00 | 07/05/2024 Vietnamese Brands
PV Gas unions launch book donation program
14:00 | 06/05/2024 Companies
Vietnam Airlines reports profit in H1
06:00 | 05/05/2024 Vietnamese Brands
Phenikaa targets to train over 8,000 semiconductor chip design engineers by 2030
06:00 | 04/05/2024 Vietnamese Brands
“The Road to Dien Bien Phu” full of emotion
14:59 | 07/05/2024 Lifestyle
Vietnamese celebrated director to head jury at Shanghai International Film Festival
06:00 | 07/05/2024 Lifestyle
HCM City launches international photo contest
06:00 | 05/05/2024 Lifestyle
Optimising UNESCO titles for national development
06:00 | 04/05/2024 Lifestyle
Fansipan Rose Festival 2024 offers tourists fascinating experiences
06:00 | 08/05/2024 Tourism
Green transformation in tourism starts with correct understanding, awareness: expert
06:00 | 07/05/2024 Tourism
7 places that are worth a visit in Điện Biên
06:00 | 05/05/2024 Tourism
HCM City achieves $127 million in tourism revenue over five-day holiday
06:00 | 04/05/2024 Tourism