Vietnam always welcomes and supports investors, including those from the US, Prime Minister Pham Minh Chinh affirmed at a working lunch with major US investors in New York on September 21 (local time) during his working visit to the country, the Government News has reported.

The country will continue to complete its socialist-oriented market economy institutions, promote infrastructure development and human resources training, and boost administrative reform to create favorable conditions, reduce costs, and raise competitiveness for investors in the new era, he added.

He stressed that Vietnam gives priority to projects in the fields of innovation, the green economy, the digital economy, the circular economy, the sharing economy, climate change adaptation, semiconductor production, and new and renewable energies.

The Prime Minister called on US businesses to continue investing in Vietnam on the basis of mutual, harmonized benefits and shared risks, contributing to fostering bilateral relations and peace, cooperation, and development in the region and the world.

He emphasized that the establishment of the Vietnam-US Comprehensive Strategic Partnership will create a broad space to promote trade and investment cooperation.

Vietnam is currently one of leading commercial partners of the US while the US is Vietnam’s second-largest trade partner.

Bilateral trade turnover has increased 16 per cent annually, and stood at nearly $125 billion in 2022.

The US has invested nearly $12 billion in Vietnam, ranking it eleventh among 130 countries and territories investing in the country.