At a Hanoi meeting with a delegation of 52 leading US enterprises, led by Brian McFeeters, Interim President and CEO of the US-ASEAN Business Council (USABC), Prime Minister Hung said Vietnam is accelerating its reform process, strengthening the legal and institutional framework, and improving the investment and business environment to make it more open, transparent and efficient. This includes amending laws, plans and regulations to better mobilize resources for development, including investment capital. Throughout this process, Vietnam is open to feedback from the business community, including US companies, the Prime Minister said.
Prime Minister Hung called on the USABC and US businesses, given their role and influence, to convey Vietnam’s goodwill and cooperation efforts, provide objective assessments of the Vietnamese economy, and help advance the conclusion of a reciprocal, fair and balanced trade agreement between the two countries. He also urged the US to consider early recognition of Vietnam as a full market economy and to promptly remove Vietnam from its export control lists (D1-D3).
Prime Minister Hung said the Vietnamese Government welcomes leading US energy firms to invest in Vietnam and is ready to create favorable conditions for US telecom companies to access the market for investment, technology transfer and the development of telecommunications infrastructure, including 5G and submarine fiber-optic cables.
