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USABC Chairman: U.S. firms eye long-term investment in Vietnam

By Thai Huy

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HCMC – The US-ASEAN Business Council (USABC), during its visit to the country, presented initiatives and new business opportunities for Vietnam to Prime Minister Pham Minh Chinh, with long-term investment commitments.

According to the Vietnam News Agency, Prime Minister Pham Minh Chinh met with the USABC yesterday, March 22. This is the first time such a large American business delegation has visited Vietnam.

USABC Chairman Ted Osius, former U.S. ambassador to Vietnam, affirmed that U.S. businesses considered Vietnam their strategic market. He strongly supported the Vietnamese Government’s digital transformation, green growth and infrastructure development objectives.

The U.S. firms also proposed new ideas and business opportunities in Vietnam, especially in creative industry, tourism, automotive industry, aviation, digital economy, medical equipment, energy and banking, to boost investment and trade ties between the two countries.

PM Chinh said that the proposals for mutual cooperation made by the U.S. firms to step up renewable energy in the coming time were suitable with Vietnam’s orientation in energy development.

He hoped that USABC members would continue expanding their business and investment in Vietnam, creating favorable conditions for Vietnamese enterprises to participate in global supply chains and helping the two countries’ businesses diversify markets, products and supply chains.

The prime minister also expected USABC to keep acting as the bridge for the U.S. Government and businesses with the Vietnamese Government, the business community and residents.

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