President Luong Cuong at the roundtable discussion with US businesses in the US (Photo: Viet Cuong/VOV)

At a roundtable discussion with US businesses in New York on Tuesday as part of his US trip for the 80th United Nations General Assembly High-Level Debate and bilateral activities, President Cuong recalled that after nearly 40 years of national renewal, Vietnam has transformed into one of the world’s 32 biggest economies, with trade turnover ranking among the world’s top 20. It has signed 17 new-generation free trade agreements, creating a tightly connected network with more than 60 major economies worldwide.

President Luong Cuong at the roundtable discussion with US businesses in the US (Photo: Viet Cuong/VOV)

Outlining Vietnam’s long-term vision of becoming a prosperous and happy nation, and a high-income developed country by 2045, the State President underlined that Vietnam is pursuing bold institutional reforms, improving human resource quality and upgrading infrastructure as core drivers of growth.

Among the key steps taken, Vietnam has completed the building of a two-tier local government system nationwide to ensure efficiency and effectiveness, revised major laws such as the Law on Investment, the Law on Enterprises and the Land Law to create a more open and transparent business environment, and rolled out the National Digital Transformation Strategy, administrative reforms, e-government initiatives, and policies to promote innovation, the green economy and renewable energy, said the Vietnamese leader.
Calling for more investment from US businesses, President Cuong reaffirmed that the Vietnamese State is committed to providing the most favorable conditions for US investors to confidently choose Vietnam as a long-term destination to accompany the country in building a prosperous and sustainable future together.

The event brought together senior executives and representatives of major US corporations including Vantive, Amazon, Apple, AES, Amway, Boeing, Excelerate Energy, Warburg Pincus, The Asia Group, Excel Services Corporation, Atlas Air, Meta and The Coca-Cola Company.