Vietnam Currency Discussion Board

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Vietnam leader promises incentives for US businesses


Vietnam will facilitate investments by US companies, President Nguyen Minh Triet promised entrepreneurs from that country Monday.

During separate meetings with Jamie Dimon, Chairman and CEO of JP Morgan Chase Bank, and Stuard Dean, Asia President of GE International, Inc, he praised the two companies’ contribution to Vietnam’s economic development and hoped they would deepen their involvement in the country.

“Vietnam’s accession to the World Trade Organization will bring new opportunities and create a level playing field for foreign investors,” he said.

He believed Vietnam’s strong economic development and safe investment environment, together with the improvement in bilateral relations, would make the country a favourite destination for US investors.

JP Morgan Chase entered in Vietnam in 1995 while GE opened a representative office in 1993 and now plans to build a factory.

http://www.thanhniennews.com/politics/?catid=1&newsid=27409