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 US businesses are very keen to invest in Vietnam and want to expand cooperation with Vietnamese counterparts in economics, trade and investment, especially when Vietnam’s macroeconomy is showing positive signs.

This was released by the US-ASEAN Business Council at a press briefing in Hanoi on September 7, which drew the participation of nearly 40 US businesses, including major groups involved in oil and gas, manufacturing, chemicals, finance, and information and technology such as Chevron, Coca Cola, Ford Motor, IBM, Google and Boeing.

General Director of General Electric for Southeast Asia, Stuart Dean, said Vietnam’s business environment has improved significantly in recent times and US businesses are very interested in investing in the country. The goal of diversifying energy sources in the future will offer a wealth of investment opportunity for US businesses, including General Electric.

In reply to reporters’ questions about difficulties and obstacles facing US businesses in Vietnam, Chairman of the US-ASEAN Business Council Alexander C. Feldman said the legal framework and high inflation remain major issues of great concern for US businesses. But he hoped that Vietnam would deal with these challenges in the future to enable US businesses to achieve greater penetration of the Vietnamese market.

Total two-way trade between Vietnam and the US currently stays at US$18 billion and is predicted to pick up in the future.

(VOV)