At a discussion with 38 large US corporations and businesses on March 1, Prime Minister Pham Minh Chinh said that Vietnam is still a developing country with a modest economic scale, limited resilience, and high openness. Therefore, the Prime Minister called on businesses in this country to continue researching, investing, and expanding production and business "more".
"This is commensurate with the wishes of both sides, the potential of the US and the conditions of Vietnam, especially in the digital - green - circular economy, sharing economy and knowledge economy sectors," said the Prime Minister.
The Government leader called on US businesses to increase high-quality investment, technology transfer, high-quality human resource training, cooperation in science, technology, innovation, emerging industries such as big data, cloud computing, artificial intelligence, optoelectronics, Internet of Things, biomedical industry...
The Prime Minister hopes that businesses in this country will consider Vietnam as a long-term investment base, with a vision of 50 years, 100 years.
In 2025, the Government aims for GDP growth of 8% or more, creating momentum for double-digit growth in the coming years. Vietnam is determined to develop rapidly but sustainably, based on science, technology, digital transformation, ensuring progress, equity, social security and the environment.
Along with that, Vietnam is also promoting three strategic breakthroughs in institutions, infrastructure and human resources, streamlining the apparatus, reforming administrative procedures, eliminating the request-grant mechanism, reducing time, costs, inconvenience and harassment for people and businesses.
"Vietnam is undergoing comprehensive and inclusive reform, in which institutional reform has never been as extensive as it is now," the Prime Minister said, affirming that this is to create the most favorable conditions for people and businesses, helping investors operate more safely and effectively.
The Prime Minister cited that recently, many major international organizations have upgraded Vietnam's competitiveness, its credit rating is "stable", and the e-Government development index has increased by 15 places. Along with that, the economic freedom index has increased by 13 places, global innovation has increased by 2 places, and sustainable development has increased by 1 place. Vietnam is in the top 50 countries leading in the network information security index.
According to US Deputy Ambassador to Vietnam Courtney Beale, US businesses consider Vietnam an important market and are ready to cooperate and support development in many areas. "The two economies have strong interactions, which is a great opportunity for bilateral investment and trade," he said, believing that this will help the US become safer, more prosperous and contribute positively to Vietnam's socio-economic development.
The two countries have a long-standing partnership in semiconductor manufacturing, with assembly, testing, and packaging conducted in Vietnam. Vietnam is also an important partner in the supply chain of US businesses.
The Deputy Ambassador informed that businesses of this country can cooperate in the fields of AI, blockchain, quantum, innovation, digital transformation, energy security, renewable energy, infrastructure, tourism, aviation, healthcare, etc.
According to Eric Johnson, Chairman of AmCham in Hanoi, American businesses highly appreciate Vietnam in implementing its commitments, streamlining its apparatus, streamlining administrative procedures, and improving the business environment. In particular, he mentioned the latest directive of General Secretary To Lam on reducing at least 30% of the time to process administrative procedures, costs, and unnecessary business conditions.
American businesses also mentioned cooperation opportunities in areas such as investment cooperation (Warburg Pincus), digital economic development and artificial intelligence (Meta), automobiles (Polaris, Ford), promoting high-tech manufacturing (Amkor), e-commerce (Amazon Web Services - AWS), aerospace - defense (Boeing), textiles (Gap), energy (GE Venora, AES), digital transformation in banking and finance, insurance (Mastercard, AIG).
Prime Minister Pham Minh Chinh directed the Ministry of Science and Technology to soon pilot the licensing of Starlink satellite internet; the Ministry of Construction and the Public Security to work directly and encourage Fedex to invest in building warehouses and express delivery at Long Thanh airport (Dong Nai), Chu Lai (Quang Nam), Gia Binh (Bac Ninh)...
Many Vietnamese companies are currently cooperating with American partners. For example, Vietnam Airlines is in the process of purchasing 50 Boeing aircraft, worth about 11 billion USD. Similarly, Vietjet also plans to buy 200 aircraft from this airline. Several other aircraft contracts between partners of the two countries are under consideration.
Vietnam has a strategic location and many advantages to develop the aviation industry. Therefore, the Prime Minister asked Boeing to consider reducing prices for Vietnamese airlines and to research and invest in a component manufacturing plant and an aircraft maintenance center in Vietnam.
Vietnam and the US established diplomatic relations in 1995 and upgraded them to a Comprehensive Strategic Partnership in September 2023. Over the past 20 years, the US has been Vietnam's largest export market and Vietnam has become its 7th largest trading partner. Last year, the two countries' trade turnover was nearly 150 billion USD, of which Vietnam exported 137 billion USD to the US (up 19% over the same period in 2023).
By the end of 2024, US direct investment in Vietnam is estimated to reach 11.94 billion USD with over 1,400 projects, ranking 11th among countries and territories with foreign investment in Vietnam. Most of the country's large corporations are present and have effectively invested in Vietnam.
At the discussion, Prime Minister Pham Minh Chinh hoped that US businesses would create conditions for local businesses to participate in the ecosystem, global supply chain, diversify markets, products, supply chains to develop supporting industries. The Prime Minister asked businesses to have a voice with the US government to remove Vietnam from the list of countries with restricted high-tech exports and recognize Vietnam as a market economy.
The US Trade Representative is seeking comments on Vietnam’s trade policy. The Prime Minister asked US businesses to provide objective comments that truly reflect the increasingly improving business environment and positive reform efforts towards transparency, fairness, and creating favorable conditions for foreign businesses to do business stably and long-term in Vietnam.
"The Vietnamese Government commits that the FDI sector is an important component of the Vietnamese economy, ensuring the legitimate rights and interests of investors and businesses and socio-political stability, with policies suitable to the situation and conditions of Vietnam, the relationship between the two countries and institutional harmonization," said the Prime Minister.
On the contrary, according to the Government leader, Vietnam wants to listen, share visions and take action to bring the highest efficiency to all parties. "The spirit is to work together, enjoy together, win together, develop together, share joy, happiness and pride," said the Prime Minister.
VN (according to VnExpress)Source: https://baohaiduong.vn/thu-tuong-de-nghi-doanh-nghiep-my-coi-viet-nam-la-cu-diem-voi-tam-nhin-tram-nam-406346.html
Comment (0)