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Vietnam expecVietnam calls for more investment from the USts to see more investment from the United States, especially in the fields of banking and finance.

The statement was made by Deputy Prime Minister Vu Van Ninh when receiving President of the US-ASEAN Business Council (US-ABC) Alexander Feldman in Hanoi on March 13.

At the reception, Ninh expressed his pleasure at the sound multifaceted cooperation between Vietnam and the US over the past time, particularly in economics.

Vietnam has seen the increasing presence of US investors in the country, many of whom have reaped considerable success, Ninh said, citing the fact that the US is currently the 7th largest foreign investor in the country.

He stressed the Vietnamese Government’s commitment to protect the legitimate interests of foreign investors, including those from the US, and its willingness to work with the investors to remove any difficulties that they encountered.

Vietnam is also accelerating procedures pertaining to the negotiation process of the Trans-Pacific Partnership (TPP) Agreement as part of efforts to attract foreign investment, Ninh added.

For his part, Feldman said that during the TPP negotiation process, Vietnam and the US will understand more about advantages and drawbacks of each country for fostering a stronger economic link.

He stressed that the US attaches special importance to the Vietnamese market and hoped that once the TPP succeeds, Vietnamese consumers can have more access to the US goods and vice versa.

The executive also added that in the coming time, the US will focus its investment on energy, healthcare, and telecommunication in Vietnam as these fields need large investment.

He revealed that a conference on Vietnam-US Trade will take place in Ho Chi Minh City on March 18 with the participation of about 70 small and medium-sized Vietnamese business and other US companies.

Source: VNA/ Photo: chinhphu.vn

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