President attends roundtable connecting Vietnamese, US businesses and localities

President Vo Van Thuong attends and delivers a speech at a roundtable connecting Vietnamese and US businesses and localities in San Francisco on November 15 afternoon. (Photo: VNA)

President Vo Van Thuong attended and delivered a speech at a roundtable connecting Vietnamese and US businesses and localities in San Francisco on November 15 afternoon (local time) as part of his trip to attend the APEC Economic Leaders’ Week and bilateral activities in the US.

The event gathered crowds of officials from agencies and localities, and representatives from businesses of the two countries.

In his remarks, President Thuong said Vietnam welcomes US investors to invest in areas of its interest such as high technology, chip manufacturing, semiconductor production, green economy, digital economy, and cashless payment.

He added that the Southeast Asian nation is doing its utmost to innovate and improve its institutions to create the most favourable investment and business environment for US enterprises to invest and expand their production in Vietnam.

Issues that businesses are not satisfied with, feeling uneasy about administrative procedures and how to resolve difficulties, are also the priorities that Vietnam is actively addressing, the President noted.

The Vietnamese leader reiterated the milestone in the bilateral relations with the establishment of the comprehensive strategic partnership between Vietnam and the US in September this year, which encompasses cooperation in areas such as economy, trade, investment, education, training, science-technology, and local-level collaboration.

He expressed his belief that cooperation between the two countries will be more positive and stronger in the coming time, stressing that high-level agreements and cooperation only come true and bring results when there is a close connection between businesses, educational institutions and localities in both nations.

The impressive successes of many leading US companies that have invested in Vietnam since the two sides normalised their relations are clear evidence of investment opportunities and the potential for expanding investments in Vietnam, he said.

Assistant Secretary for the Bureau of Economic and Business Affairs at the US Department of State Ramin Toloui highly evaluated issues raised by the Vietnamese President to advance cooperation between the two countries, saying that the newly-established comprehensive strategic partnership serves as a basis for developing cooperation in the semiconductor industry.

Vietnam's strengths and cooperation from the US will help build skills for the workforce of both countries, and fully tap their potential, he noted.

The increasingly robust change in Vietnam signals promising prospects for future cooperation between the two countries, he said, adding that US companies have invested billions of USD in Vietnam to establish new supply chains, create high-quality jobs, and provide goods and services with world-class standards.

He suggested the Vietnamese side create a more favourable investment environment, allowing US businesses to invest stably in the country.

Providing examples of successful opportunities for US investors in Vietnam, Toloui noted that in Ho Chi Minh City, Intel is a pioneer in developing the semiconductor industry, helping Vietnam deeply join the global value chain in a sustainable manner.

Additionally, the two countries have also collaborated in many important projects on infrastructure construction and alloy production in Hai Phong and Da Nang cities, he added.

President Vo Van Thuong and officials witness the exchange of cooperation documents between Vietnamese and US partners at the roundtable. (Photo: VNA)

At the event, President Thuong and US officials witnessed the exchange of cooperation agreements between ministries, sectors, and localities of the two countries in a number of fields such as education – training; greenhouse gas emission reduction; developing industrial parks, urban and eco-tourism areas, and seaport infrastructure; consumption of agricultural products; incubating human resources for microchip design; artificial intelligence and renewable energy development./.