Within the framework of the program to attend the 80th United Nations General Assembly High-level General Assembly Discussion, combined with bilateral activities in the US, on the morning of September 23 (local time) in New York, Politburo member and President Luong Cuong attended a seminar with US businesses.
The seminar was attended by leaders and representatives of the world's leading corporations of the US, such as Vantive, Amazon, Apple, AES, Amway, Boeing, Excelerate Energy, Warburg Pincus, The Asia Group, Excel Services Corporation, Atlas Air, Meta, The Coca-Cola Company...
Sharing many common goals and priorities with Vietnam, from promoting digitalization, increasing exports, to ensuring fair development, major US corporations all agreed that Vietnam has strong potential to become a leading destination for development in many fields, and affirmed their commitment to investment cooperation activities in Vietnam.
Speaking to US businesses, President Luong Cuong said that after nearly 40 years of Doi Moi, from an ineffective economy with an average income per capita of less than 100 USD in 1986, Vietnam has risen strongly, becoming one of the top 32 economies, with trade turnover in the top 20 in the world; signed 17 new-generation Free Trade Agreements, creating a close network of linkages with more than 60 major economies in the region and the world.
The President pointed out that the history of the Vietnam-US relationship over the past 30 years is a vivid testament to the journey of healing and building trust between the two countries; at the same time, affirming that in the overall relationship, economic - trade - investment cooperation has always been a key pillar.
Bilateral trade turnover in 2024 will reach nearly 140 billion USD and the presence and effective business operations in Vietnam of leading US corporations is a testament to the trust and cooperation potential between the two sides.
Stating that Vietnam aims to build a prosperous and happy country, becoming a developed country with high income by 2045, the President said that to realize this vision, Vietnam has carried out strong institutional reforms, improved the quality of human resources, built infrastructure, considering this a core driving force for development.
In particular, Vietnam has completed the arrangement of local governments at two levels nationwide, ensuring streamlining, effectiveness and efficiency; amending and perfecting important laws such as the Law on Investment, the Law on Enterprises, the Law on Land, creating a transparent and open business environment; implementing the National Digital Transformation Strategy, reforming administrative procedures, building e-government, promoting innovation, green economy and renewable energy.
The President called on the US business community to seize opportunities, expand presence and invest more deeply and on a larger scale in Vietnam, to jointly create a new era of cooperation, rich in prospects and sustainability; and affirmed that the State of Vietnam is committed to creating the most favorable conditions for US investors to confidently choose Vietnam as a long-term destination, accompanying in creating a prosperous and sustainable future.
