Strengthening Economic Ties

In a recent address, the Prime Minister of Vietnam emphasized the country's commitment to ensuring the foreign-invested sector remains a cornerstone of its economy. He assured U.S. businesses of Vietnam's dedication to protecting investors' rights, maintaining political stability, and fostering policies that align with the evolving Vietnam-U.S. relationship.

Call for Collaborative Success

The Prime Minister proposed a "three-shared" approach for U.S. businesses to work alongside the Vietnamese Government and people, focusing on mutual understanding, shared vision, and collaborative action for success. He expressed optimism about the expansion of U.S. business operations in Vietnam, which would further strengthen the comprehensive strategic partnership between the two nations.

Economic Potential and Challenges

Highlighting the significant role of the U.S. as Vietnam's second-largest trade partner and a top investor, the Prime Minister acknowledged the growing confidence of U.S. corporations in Vietnam's economic potential. However, he also addressed the need for improvements in areas such as work permits, visas, and administrative processing times, as voiced by U.S. business leaders.

Commitment to Strategic Breakthroughs

In response to these challenges, the Prime Minister outlined Vietnam's commitment to achieving strategic breakthroughs in legal and institutional frameworks, infrastructure development, and human resource quality. He reiterated the goal of creating a transparent, fair, and predictable business environment for all investors.

Looking Ahead

The Prime Minister called on U.S. businesses to support technology transfer, workforce training, and sustainable development in Vietnam, particularly in emerging industries. He encouraged deeper business linkages and responsible investment, emphasizing the importance of integrating Vietnamese companies into global supply chains and contributing to Vietnam's social welfare programs.

Vision for the Future

With an ambitious GDP growth target of 8% by 2025, Vietnam aims for rapid and sustainable development. The Prime Minister urged U.S. businesses to actively participate in achieving these goals, contributing to the mutual benefit of both nations and the success of the bilateral comprehensive strategic partnership.