US businesses continue to expand investment in Vietnam

On March 21, Prime Minister Pham Minh Chinh received a business delegation from the US-ASEAN Business Council (USABC) led by Mr. Ted Osius, President and CEO of USABC.

According to the Prime Minister, American businesses have contributed to the process of healing post-war wounds and promoting economic , trade and investment cooperation in particular and relations between the two countries in general.

The Prime Minister welcomed Mr. Ted Osius, President and CEO of USABC

NORTH JAPAN

To support and accompany US businesses, the Vietnamese Government commits to "3 guarantees" and "3 together". Accordingly, it ensures that the foreign-invested economic sector is always an important component of the Vietnamese economy; respects, encourages, and is ready to create favorable conditions for this sector to develop long-term, cooperate, and compete healthily and equally with other economic sectors. It ensures the legitimate and legal rights and interests of investors in the spirit of "harmonious benefits, shared risks". At the same time, it ensures political stability, social order and security, and policy stability so that investors can feel secure in doing business and operating long-term in Vietnam... "Three together" include: listening and understanding with businesses and people; sharing vision and actions to develop the economy, contributing to developing the relationship between the two countries to new heights; working together, enjoying together, winning together and developing together. Informing the Prime Minister, Mr. Ted Osius and representatives of US businesses highly appreciated the increasingly improved investment environment in Vietnam and expressed gratitude for the support and companionship of the Vietnamese Government. US businesses strongly committed to continue investing in Vietnam in the fields of science - technology, electronics, aviation, electric cars, logistics, energy, healthcare, finance, e-commerce, food, tourism... Pepsi Group will invest in two new modern factories using renewable energy, including a food factory in Ha Nam (worth 90 million USD) and a beverage factory in Long An (more than 300 million USD). In response, the Prime Minister asked USABC businesses to have a strong voice with the US government to promote early recognition of Vietnam's market economy status, and soon remove Vietnam from the list of countries with restrictions on high-tech exports to the US. The Prime Minister also asked US businesses to continue expanding the scale, scope, and investment objects in Vietnam; Technology transfer to Vietnam, especially high technology to serve emerging industries such as digital economy, circular economy...

Thanhnien.vn

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