President talks with US-APEC businesses in Peru

Saturday, 2016-11-19 18:46:44
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President Tran Dai Quang addresses a workshop with the US-APEC Business Coalition in Lima, Peru. (Credit: VNA)
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NDO/VNA—President Tran Dai Quang highlighted the comprehensive partnership between Vietnam and the US while addressing a workshop with the US-APEC Business Coalition in Lima, Peru on November 18 on the occasion of the 24th High-Level Week of the Asia-Pacific Economic Cooperation (APEC) Forum, which runs from November 17-20.

Economic, trade and investment cooperation have become a foundation and a significant driving force propelling bilateral relations forward, he said, noting that two-way trade has increased by 20% over the past four years to US$45 billion at present, and that the US is one of Vietnam’s leading trade partners and the seventh biggest investor in the country.

President Tran Dai Quang recalled that during US President Barack Obama’s visit to Vietnam this May, Vietnamese and US leaders recognised the remarkable contributions of the US business community to developing the two nations’ comprehensive partnership.

The two sides also considered trade and investment promotion a focal point for mutual benefits as well as for peace and stability in the region and around the world, he added.

The President informed the US businesses about the socioeconomic situation in Vietnam and reaffirmed the Vietnamese State’s policy of accelerating the renewal process in various fields to obtain rapid and sustainable development.

Vietnam is improving its legal framework to create a stable and healthy business environment, as well as improving its infrastructure system, attracting foreign investment and protecting the environment, he said, reiterating the country’s consistent policy of protecting the legitimate rights and interests of overseas investors.

He also informed the businesses that Vietnam is making preparations to host the 2017 APEC Year, with the Central city of Da Nang selected to be the main venue.