(VOVworld)- At a meeting with Vietnamese Business Association in the US, the Vietnamese Ambassador has praised the Association’s role in helping US businesses invest in Vietnam and Vietnamese businesses find opportunities in the US.

The Vietnamese Business Association's meeting in the US. Photo: VOV

Ambassador Nguyen Quoc Cuong said the Vietnamese Party and State strongly encourage overseas Vietnamese people to invest in their homeland, especially in education, science and technology, and infrastructure development. Nguyen Thanh Tuyen, who represents the P&T real estate Company in the US, said: "I’m glad the Embassy organized this meeting, which helps businesses from both countries to cooperate and seek investment opportunities. I hope meetings of this kind will be held more regularly to open more opportunities in the US for businesses from Vietnam while providing information to help US Vietnamese invest in Vietnam."
The Vietnamese Business Association praised Vietnam’s investment environment and incentive policies for investors, saying political stability has helped investors conduct business successfully in Vietnam. But obstacles remain, such as weak foreign currency management, poor infrastructure, and some cumbersome procedures. US businessman Andre, chief representative of the Arteron Company told VOV: "Only by reducing corruption can Vietnam create an equal and competitive investment and business environment. Once this goal is achieved,  Vietnam can compete more equally with other countries in the Asia-Pacific region including ASEAN countries."

US-based VOV correspondent Minh Hien