Minister of Finance meeting with US-ASEAN Business Council

Minister of Finance meeting with US-ASEAN Business Council 15/03/2015 06:32:00 1006

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Hanoi, March 15: Minister of Finance Mr. Dinh Tien Dung had a meeting with the delegation of US-ASEAN Business Council, led by Mr. Alexander C. Feldman, President and CEO of US-ASEAN Business Council.

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Overview of the meeting.Photo: HT

At the meeting, Minister Dung warmly welcomed the delegation. He shared that Vietnam had made remarkable achievements in stabilizing the markets, curbing inflation, restructuring the whole economy, especially in banking sector, stock market and SOEs. With the stable outlook of the economy, the progress in restructuring the economy, the conclusion of TPP and many other FTAs and the formation of ASEAN Economic Community, Vietnam is becoming one of the most attractive destination for foreign investors, including US companies.

Minister Dung also congratulated the US-ASEAN Business Council for its achievements during the years and realized its contribution to develop the relationship between USA and Vietnam. He hoped that in the future, US-ASEAN Business Council will continue to be the bridge connecting US investors to the Vietnamese Government, providing recommendations to help Vietnam improve its institution and policies.

Mr. Alexander Feldman thanked Minister Dung for his warm welcome and shared the plan and major activities of US-ASEAN Business Council and its member companies to celebrate the 20th year of diplomatic normalization between USA and Vietnam. He emphasized that increasing two-way trade volume and investment from US in Vietnam were the results of great efforts by the government, business community and people of both countries. He also recognized the rising status of Vietnam in the view of US investors and considered the participation of many companies in the delegation as a proof of increasing interests of US business community in Vietnam.

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Photo: Minister of Finance Mr. Dinh Tien Dung and the Delegation

In the meeting, many US companies also raised their voice about a number of challenges that they have to face when doing business in Vietnam and proposed policy recommendations regarding customs, insurance, financial services, tax policy on automobile and beverage industry, etc. Minister Dung noted the opinions and promised to look carefully at the recommendations. He expressed his commitment in creating a level play field for investors, ensuring transparency and harmonizing the benefits of the Government and investors.

T.Tien