[lbo-talk] Vietnam's President promises incentives for US businesses

uvj at vsnl.com uvj at vsnl.com
Tue Apr 24 19:28:28 PDT 2007


Nhan Dan http://www.nhandan.com.vn/english/

Last updated: 16:9 - April 24, 2007

State President promises incentives for US businesses http://www.nhandan.com.vn/english/news/240407/domestic_st.htm

Vietnam appreciates and will facilitate US groups and companies' investment in the country, said President Triet in his meetings with US businessmen, in Hanoi, on April 23.

At his separate meetings with Jamie Dimon, Chairman and CEO of JP Morgan Chase Bank, and Stuard Dean, Asia President of GE International, Inc, President Triet praised the groups' contributions to Vietnam's economic development.

He said he wished that the groups would further their co-operation with Vietnam. "Vietnam's accession to the World Trade Organisation (WTO) will bring new opportunities and develop an equal playing-ground for foreign investors in Vietnam," he underscored.

President Triet said he believed that Vietnam, with its strong economic development and safe environment for investment together with the improvement of the two countries' bilateral relations, would become a favourite destination for US investors.

Both US businessmen affirmed their groups' long-term commitment to business in Vietnam and pledged to share experience with Vietnamese partners and to assist Vietnam in management personnel training.

JP Morgan Chase began its operations in Vietnam in 1995 while GE International Inc. opened its representative office in 1993 and now plans to build a factory in Vietnam. (VNA)

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