PM hosts US trade representative, agriculture secretary

The PM lauded the development of cooperation in economics, trade and investment between the two countries in recent years, emphasising this as a driving force in bilateral relations, contributing to growth and job generation.

He affirmed that Vietnam attaches importance to economic-trade-investment collaboration with the US and wishes to boost bilateral economic ties for mutual benefits.

Vietnam will create more favourable conditions for the US to bring products to the market while improving the business and investment environment, he said.

The US guests agreed that the two countries have complementary economies, adding that the US treasures economic-trade ties with Vietnam and welcomes the Southeast Asian nation to continue pursuing economic reforms and international integration, enabling US firms to invest and do business.

The US side hailed the Vietnamese Government for easing some issues of US concern and its will to support US growth and employment targets. 

Both nations should approve the Trade and Investment Framework Agreement (TIFA) mechanism to further discuss addressing difficulties in trade. 
Speaking at a meeting with leading enterprises of the US and at the banquet jointly held by the US Chamber of Commerce and the US-ASEAN Business Council, Prime Minister Nguyen Xuan Phuc applauded US firms’ investment in Vietnam. 

He asserted Vietnam’s determination to promote renovation and international integration, and implement measures in line with fair trade rules, stressing that Vietnam considers US enterprises’ success as its success. 

US firms affirmed their support for strengthened relations between the two countries, saying that the Vietnamese Government’s policies created a fair environment for foreign enterprises, including those from the US. 

They said they will support Vietnam in holding APEC 2017. 

The same day, PM Phuc received the World Bank’s Regional Vice President for the East Asia and Pacific, Victoria Kwakwa , during which he asked the bank to continue supporting Vietnam in both international support and economic and financial policy consultation. 

Kwakwa expressed her admiration for Vietnam’s development as well as the country’s achievements in poverty reduction.

She said the World Bank’s Boards of Directors supports Vietnam’s measures to promote economic restructuring and growth expansion, affirming that the bank will continue to make it easy for the Vietnam Government to achieve stronger development.