While attending the UN General Assembly's high-level general debate and bilateral activities in the US, President Luong Cuong held a discussion with US businesses in New York on 23/9.
Leaders from leading US corporations such as Vantive, Amazon, Apple, AES, Amway, Boeing, Excelerate Energy, Warburg Pincus, The Asia Group, Excel Services Corporation, Atlas Air, Meta, and The Coca-Cola Company attended the event.
Addressing the businesses, President Luong Cuong urged them to seize opportunities and expand their presence with larger-scale investments in Vietnam, aiming to create a new era of promising and sustainable cooperation.
He affirmed the government's commitment to creating the most favorable conditions for US investors to choose Vietnam as a long-term destination, contributing to a prosperous and sustainable future.
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President Luong Cuong speaking at the discussion with major US corporations on 23/9. Photo: TTXVN |
President Luong Cuong speaking at the discussion with major US corporations on 23/9. Photo: TTXVN
After nearly 40 years of economic reforms, Vietnam has transformed from a low-income country with a GDP per capita of less than 100 USD in 1986 to one of the top 32 economies globally, with its trade ranking among the top 20. Vietnam has signed 17 new-generation free trade agreements, establishing a strong network with over 60 major economies regionally and globally.
The President highlighted the 30-year history of US-Vietnam relations as a testament to the journey of reconciliation and trust-building between the two countries. Economic, trade, and investment cooperation have always been key pillars. Last year, bilateral trade reached nearly 140 billion USD, with many leading corporations establishing a successful business presence in Vietnam.
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Representatives of major US corporations attending the discussion with President Luong Cuong on 23/9 in New York, USA. Photo: TTXVN |
Representatives of major US corporations attending the discussion with President Luong Cuong on 23/9 in New York, USA. Photo: TTXVN
Vietnam aims to become a high-income developed country by 2045. To achieve this, the President explained that Vietnam has implemented institutional reforms, enhanced its human resources, and developed infrastructure as core drivers for development.
The streamlining of local government into a two-tiered system, completed on 1/7, ensures efficiency. Key laws, such as the Law on Investment, Enterprises, and Land, have been finalized to create a transparent and open business environment for investors. The government is also implementing a national digital transformation strategy, reforming administrative procedures, building e-government, and promoting innovation, the green economy, and renewable energy.
At the discussion, representatives of US corporations expressed their appreciation for Vietnam's development strategy. They believe Vietnam will become an attractive investment destination and pledged long-term cooperation.
Phuong Dung
