US business voices support for Vietnam's Wto entry
HA NOI - US businesses have voiced their support for Vietnam's bid to join the World Trade Organisation (WTO).
Representatives of nearly 40 US businesses spoke with Vietnamese legislators on Tuesday at the Vietnamese Embassy in Washington D C.
The Vietnamese National Assembly delegation, led by Deputy Chairman Nguyen Van Yeu, arrived in Washington DC on February 27.
During the meeting, Deputy Chairman Yeu informed the guests of the socio-economic and cultural achievements Vietnam has made over recent years, particularly its improvements in the investment environment and legal procedures.
He said that the Vietnamese legislative body always supports the Government in creating favourable conditions for foreign investors to both earn a profit and contribute to development in Vietnam.
Vietnam has adopted laws that do not differentiate between local and foreign or public and private enterprises, he further said.
Frances Zwenig from the US-ASEAN Business Council said the presence of a large number of US businesses' representatives showed that US businesses are interested in the Vietnamese market.
She also said that the meeting was a good chance for US businesses to express their opinions on Vietnam's WTO entry and the granting of permanent normal trade relations, or PNTR status, to Vietnam by the US Congress.
Representatives of the participating US businesses, including insurer AIG, forwarder FedEx, aircraft manufacturer Boeing, automobile manufacturers Ford and DaimlerChrysler, mobile phone service provider Motorola, and brewer Diageo briefed the Vietnamese legislators about their operations in Vietnam.
They also proposed that the Vietnamese Government further improve the investment environment and adjust tax policies and investment regulations for US businesses.
Vietnam News Agency - March 6, 2006.
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