Deputy PM affirms Vietnam's continued reforms investment climate

Dec. 13 (VNA) -- Permanent Deputy Prime Minister Nguyen Tan Dung on Wednesday said the Vietnamese Government considers full realization of the bilateral trade agreement (BTA), which has just been put into force, the centrepiece of Viet Nam-U.S. relations in the near future.

"This will help give economic and commercial cooperation between the two countries a new dimension," said DPM Nguyen Tan Dung.

DPM Dung affirmed Viet Nam's commitment to do all it can to enhance potential and advantages and to continue reforming mechanisms, policies, and administrative procedures.

"This is part of Viet Nam's efforts to raise its managerial capability and create a more favourable and attractive business and investment environment in Viet Nam," the Deputy PM told a Viet Nam-U.S. Trade and Investment Forum held in New York on Dec.12.

The forum, jointly sponsored by the American International Group, Inc., the Asia Society, and Credit Suisse-First Boston (CSFB), was attended by about 300 American financiers, traders and entrepreneurs as well as business managers of more than 50 Vietnamese companies and corporations.

Deputy PM Dung told the participants that the BTA, which took effect on Dec.10 following the exchange of letters of approval between the two sides, will open up new prospects for building and developing long-term and friendly ties between Viet Nam and the United States.

American investors, traders and entrepreneurs welcomed the recent exchange of letters implementing the BTA between the two countries, as it will facilitate business and investment operations of American companies in Viet Nam.

They also expressed their belief that Viet Nam's Government and business partners will help them while operating in Viet Nam.

Deputy PM Dung also attended the ceremony to inaugurate the representative office of the Viet Nam Textile and Garment Corporation (Vinatex) in New York, and met with the President of Citigroup's Executive Council, the President of the Asia Society, the Deputy President of the AIG group and the Vice-President of International Business Machines (IBM).

He also visited the New York Stock Exchange and the Ground Zero, ruins of the twin-tower World Trade Centre, to express sympathy with the Amercian people over their losses in the Sept. 11 terror attacks.--VNA