NEWS

Strengthening Resource Development Initiatives to Attract US Investment

Recently, at the Ministry of Industry and Trade headquarters, Deputy Minister Do Thang Hai held a working session with a delegation from the United States House of Representatives led by Mr. Jason Smith, Chairman of the House Committee on Ways and Means. During the meeting, both parties agreed to continuously strengthen resource development and institutional policy frameworks to attract investment from the United States.
Perfecting institutional policies to attract US investment
Overview of the working session between Deputy Minister of Industry and Trade Do Thang Hai and the US Congressional Delegation

Attending the working session, the Vietnamese side included representatives from agencies under the Ministry of Industry and Trade: Multilateral Trade Policy Department, European - American Market Department, Energy Efficiency and Sustainable Development Department, and the Agency of Foreign Trade. On the US Congressional Delegation side were Mr. Jason Smith, Chairman of the House Committee on Ways and Means, Mr. Marc E. Knapper, US Ambassador to Vietnam, Republican members, and staff members of the Committee on Ways and Means and Budget Committee.

Refining institutional policies to attract US investment
Deputy Minister Do Thang Hai affirmed that Vietnam always considers the United States one of its foremost partners

Deputy Minister Do Thang Hai expressed pleasure in welcoming members of the US Congressional Delegation to the Ministry of Industry and Trade, particularly as both nations celebrate the 10th anniversary of the Comprehensive Partnership.

Deputy Minister Do Thang Hai emphasized that Vietnam consistently regards the United States as a top-tier partner and expressed a keen desire to enhance policy exchanges, consolidate strategic trust, build solid foundations to advance economic, trade, and investment ties, and noted substantial room remains for bilateral cooperation.

During the meeting, both sides exchanged perspectives on bilateral trade, Vietnam's trade policies, integration into regional and global supply chains, and the implications of the global minimum tax on Vietnam's investment attraction policies.

Institutional policy development to attract US investment
Mr. Jason Smith, Chairman of the House Committee on Ways and Means, Head of the US Congressional Delegation speaking at the working session

Representing the US House of Representatives, Chairman Jason Smith commended Vietnam's ascending role and standing, affirming that trade relations must deliver sustainable mutual value and benefits. He agreed that both sides should continue fostering resource development and refining regulatory policies to attract more US capital.

Concluding the meeting, Deputy Minister Do Thang Hai reaffirmed that Vietnam highly values the United States as an essential partner and looked forward to deepening the bilateral relationship into practical, substantive dimensions.

Source: Industry & Trade Magazine

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