Vietnam encourages US investment

(VOV) – Vietnam will create the best possible conditions for foreign investors, including those from the US, to establish long-term partnerships and operate efficiently in the country. Prime Minister Nguyen Tan Dung made the statement while receiving Kenneth Juster, managing director of the global investment firm Warburg Pincus in Hanoi on Wednesday. Dung noted that the US is one of Vietnam’s leading investors and trading partners. He said Vietnam, the US and other partners are currently negotiating the trans-Pacific Partnership agreement (TPP), and once the agreement is signed, it will help increase two-way trade and US investment in Vietnam. He asked Juster to lobby US conglomerates to support Vietnam in TPP negotiations so as to conclude them as scheduled. He also expressed his belief that Warbug Pincus will carry out other investment affairs following its first one in Vietnam’s Vingroup. For his part, Juster proposed that the Vietnamese government facilitate US operations in Vietnam.