Last updated: 16:2 - March 8, 2007
US businesses called to invest in Vietnam http://www.nhandan.com.vn/english/business/080307/business_us.htm
This has been the best period for US and other foreign businesses to promote their activities in Vietnam, said Deputy Prime Minister and Foreign Minister Pham Gia Khiem.
In a meeting with the US business community in Vietnam held by the American Chamber of Commerce (Amcham) on March 7, the deputy PM stressed that the country has been creating more favourable conditions for foreign investors, including US enterprises.
The deputy PM said he appreciated the contributions by the US business community in Vietnam to normalise and develop the Vietnam-US relationship. At the meeting, deputy PM Khiem briefed more than 80 representatives from various US enterprises such as Citibank, Ford, Motorola and Microsoft about Vietnam's policies regarding development and Vietnam-US ties.
"In recent years, Vietnam-US ties have progressed and economic and trade co-operation between the two countries has further developed, especially after Vietnam's accession to the WTO as well as the US's offering of Permanent Normalised Trade Relations (PNTR)," he emphasised.
In the meeting, Khiem answered questions about Vietnam's investment and business environment, development of a stock market, textile and garment export and participation of businesses in large-scale projects.
Last year, Vietnam-US two-way trade reached US $9.7 billion, of which US imports amounted to US $8.8 billion.
The US ranked fourth among foreign investors in Vietnam with 47 projects totalling US $640 million last year. (VNA)
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