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, strengthen the legal and institutional framework, and improve the investment and business environment to be more open, transparent, and efficient.
This includes amending laws, plans, and regulations to strongly mobilize resources for development, including capital from investors. Throughout this process, Vietnam is open to listening to the opinions of the business community, including US businesses, the PM said.
PM Hung called on USABC and US businesses, given their role and influence, to convey Vietnam’s goodwill and cooperation efforts, provide objective assessments reflecting the realities of the Vietnamese economy, and help advance the conclusion of an agreement on reciprocal, fair and balanced trade between the two countries. He also proposed the US consider early recognition of Vietnam as a full market economy and promptly remove Vietnam from the export control lists (D1–D3).
The Government welcomes leading US energy firms to invest in Vietnam, and is ready to create favorable conditions for capable US telecom companies to access the market for investment research, technology transfer, and development of telecom infrastructure, 5G, and submarine fiber optic cables in Vietnam, on the basis of compliance with Vietnamese security requirements and regulations, Prime Minister Hung said.
