Politburo member and head of the Communist Party of Vietnam Central Committee’s Economic Commission Nguyen Van Binh has affirmed the important role of the US business community in boosting bilateral ties and promoting Vietnam’s development goals.
|Head of the Communist Party of Vietnam Central Committee’s Economic Commission Nguyen Van Binh (R) and USABC President and CEO Alexander Feldman (Source: VNA)
Binh made the statement while hosting a reception in Hanoi on March 13 for representatives from 40 leading US corporations who are on a business trip annually organised by the US-ASEAN Business Council (USABC). The Vietnamese Party and State treasure ties with the US, one of the leading partners of Vietnam, he stressed.
Binh spoke highly of the Vietnam-US relationship over the past years with milestones as the 25th anniversary of the normalisation of Vietnam-US economic ties and the 25th founding anniversary of the American Chamber of Commerce (AmCham) in Vietnam.
He told the US entrepreneurs that the bilateral comprehensive partnership has been growing in a practical and effective way in diverse areas, especially in economy, trade and investment with two-way trade surging to over 60 billion USD in 2018 from 450 million USD in 1995.
The Party official asked the USABC and the US firms to continue expanding business operations in Vietnam and serve as a bridge to attract more US enterprises to the country.
USABC President and CEO Alexander Feldman thanked Binh for his warm hospitality.
Members of the delegation expressed wish to receive further support from the Vietnamese Party and State in stepping up US business operations in Vietnam, affirming that the development of Vietnam-US economic and trade ties lays an important foundation to reinforce the bilateral comprehensive partnership in the near future.
In the afternoon of the same day, Binh hosted a reception for Chairman of the International Investment Bank (IIB)’s Management Board Nikolay Kosov.
Binh spoke highly of partnership between Vietnam and IIB over the past years, especially in developing credit activities in the country via loans in support of Vietnamese small and medium-sized enterprises, trade and infrastructure.
He also welcomed the lender’s credit and investment expansion plan in Vietnam.