Party official lauds US business community’s role in bilateral ties

Economy, Vietnam, Vietnam Finance News

VNA
Wednesday, March 13, 2019 – 20:52:00 Print

Head of the Communist Party of Vietnam Central Committee’s Economic Commission Nguyen Van Binh (R) and USABC President and CEO Alexander Feldman (Source: VNA)
Hanoi (VNA) – Politburo
member and head of the Communist Party of Vietnam Central Committee’s Economic
Commission Nguyen Van Binh has affirmed the important role of the US business
community in boosting bilateral ties and promoting Vietnam’s development goals.

Binh made the statement while
hosting a reception in Hanoi on March 13 for representatives from 40 leading US corporations who
are on a business trip annually organised by the US-ASEAN Business
Council (USABC). The Vietnamese Party and State treasure ties with the US, one
of the leading partners of Vietnam, he stressed.

Binh
spoke highly of the Vietnam-US relationship over the past years with milestones
as the 25th anniversary of the normalisation of Vietnam-US economic
ties and the 25th founding anniversary of the American Chamber of
Commerce (AmCham) in Vietnam.

He
told the US entrepreneurs that the bilateral comprehensive partnership has been
growing in a practical and effective way in diverse areas, especially in
economy, trade and investment with two-way trade surging to over 60 billion USD
in 2018 from 450 million USD in 1995.

The
Party official asked the USABC and the US firms to continue expanding business
operations in Vietnam and serve as a bridge to attract more US enterprises to
the country.

USABC
President and CEO Alexander Feldman thanked Binh for his warm hospitality.

Members
of the delegation expressed wish to receive further support from the Vietnamese
Party and State in stepping up US business operations in Vietnam, affirming
that the development of Vietnam-US economic and trade ties lays an important
foundation to reinforce the bilateral comprehensive partnership in the near
future.

In
the afternoon of the same day, Binh hosted a reception for Chairman of the
International Investment Bank (IIB)’s Management Board Nikolay Kosov.

Binh
spoke highly of partnership between Vietnam and IIB over the past years,
especially in developing credit activities in the country via loans in support
of Vietnamese small and medium-sized enterprises, trade and infrastructure.

He
also welcomed the lender’s credit and investment expansion plan in Vietnam.-VNA

QBCA

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