As part of his participation in the 80th session of the United Nations General Assembly's High-Level Debate, combined with bilateral activities in the United States, on the morning of September 23rd in New York, President Luong Cuong attended a roundtable discussion with US businesses, co-organized by the Business Council for International Relations (BCIU), the US Chamber of Commerce (USCC), and representatives of the US-ASEAN Business Council (USABC).
According to the VNA special correspondent, the seminar was attended by leaders and representatives of leading global corporations from the United States, such as Vantive, Amazon, Apple, AES, Amway, Boeing, Excelerate Energy, Warburg Pincus, The Asia Group, Excel Services Corporation, Atlas Air, Meta, The Coca-Cola Company, etc.
During the seminar, representatives from US corporations announced their investment cooperation activities in Vietnam, highlighting the enormous potential and opportunities for collaboration, as well as sharing experiences and making recommendations so that the corporations can contribute even more to Vietnam's development.
US corporations expressed admiration for Vietnam's remarkable economic and social progress, appreciated Vietnam's development strategy in the new era, and believed that with the directions outlined, Vietnam would become an attractive destination for international investors and achieve great success in the future.
Sharing many common goals and priorities with Vietnam, from promoting digitalization and increasing exports to ensuring equitable development, major US corporations unanimously agree that Vietnam has strong potential to become a leading destination for development in many fields, and reaffirm their commitment to investment cooperation in Vietnam.
Speaking to US businesses, President Luong Cuong stated that after nearly 40 years of Doi Moi (Renovation), from an inefficient economy with per capita income below $100 in 1986, Vietnam has risen strongly, becoming one of the top 32 economies, with trade turnover ranking among the top 20 in the world; it has signed 17 new-generation free trade agreements, creating a close network of links with more than 60 major economies in the region and globally.
The President pointed out that the history of Vietnam-US relations over the past 30 years is a vivid testament to the journey of healing and building trust between the two countries; and affirmed that in the overall relationship, economic, trade, and investment cooperation has always been a key pillar.
Bilateral trade volume reached nearly $140 billion in 2024, and the presence and effective business operations of leading US corporations in Vietnam are testament to the trust and potential for cooperation between the two sides.
Stating that Vietnam aims to build a prosperous and happy country, becoming a high-income developed nation by 2045, the President said that to realize this vision, Vietnam has undertaken strong institutional reforms, improved the quality of human resources, and built infrastructure, considering these as core drivers for development. Specifically, Vietnam has completed the restructuring of the two-tiered local government system nationwide, ensuring efficiency and effectiveness; amended and perfected important laws such as the Investment Law, the Enterprise Law, and the Land Law, creating a transparent and open business environment; implemented the National Digital Transformation Strategy, reformed administrative procedures, built an e-government, and promoted innovation, the green economy, and renewable energy.
The President called on the US business community to seize the opportunity, expand their presence and invest on a larger and deeper scale in Vietnam, to jointly create a new era of cooperation that is promising and sustainable; and affirmed that the Vietnamese State is committed to creating the most favorable conditions for US investors to confidently choose Vietnam as a long-term destination, working together to build a prosperous and sustainable future.
Source: https://www.vietnamplus.vn/chu-tich-nuoc-luong-cuong-du-toa-dam-voi-cac-doanh-nghiep-hoa-ky-post1063599.vnp
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