LookAtVietnam – President Nguyen Minh Triet has welcomed US Investors who want to do business that benefits both partners.

Deputy Prime Minister and Foreign Minister Pham Gia Khiem, Minister of Labour, War Invalids and Social Affairs Nguyen Thi Kim Ngan, Minister of Agriculture and Rural Development Cao Duc Phat and representatives from 200 Vietnamese and US enterprises were all in attendance.

President Triet said Vietnam’s success in curbing the economic declining trend has been partly down to the contribution made by foreign enterprises, including those from the US. He underlined the fact that the US is the largest investor in with a total registered investment capital of about $4 billion.

While calling upon US businesses to invest in the country, President Triet made it clear that Vietnam is a market economy with a population of over 80 million and an abundant labour force. He also outlined that the country records has a high GDP growth and political stability. He also highlighted its integration into the international economy and its work to transform its within the guidelines of a previously pledged roadmap.

He also paid tribute to the Vietnamese people referring to them as friendly, kind-hearted and hospitable and always willing to cooperate with friends worldwide.

President Triet expressed his belief that the cooperation between Vietnam and the US in the fields of economy, trade and investment will develop further, creating opportunities for the two countries’ to get closer and understand each other better.

Institutional Investor’s Chairman and General Director Gary Mueller presented an overall picture of Vietnam’s economic development, noting that the nation has successfully mitigated adverse impacts of the global economic and financial crisis, and is emerging as one of the fastest growing economies in Asia.

He cited such positive signs as the recovery in the country’s industrial production, flow of foreign direct investment as well as tourism and credit-banking growth.

Mueller said the Asian Development Bank (ADB) had already revised up forecast for Vietnam’s GDP growth to 4.7 percent this year. With these statistics, Vietnam continues to be an attractive destination for foreign investors, he added.

VietNamNet/CPV