PM pledges favourable conditions for US investors

Hanoi (VNA) - Prime Minister Nguyen Tan Dung has said that Vietnam will
create favourable conditions for foreign investors, including those from the
US , to foster long-term efficient investment in the country.

The PM made this statement while meeting with representatives of the US
Russell 20-20 Association in Hanoi on Oct. 31.

The PM spoke highly of the role played by US businesses in developing
bilateral ties between the two nations.

He expressed his pleasure at the sound development of the relationship
between the two countries in all aspects, particularly in trade and
investment.

In 2007, the two countries recorded two-way trade turover of almost 13
billion USD. This figure is forecast to reach 15-18 billion USD in 2008,
ranking the US as the sixth-largest foreign investor in the country.

Vietnam and US are negotiating for the early signing of an investment
framework agreement to create more favourable conditions for US businesses
to invest in Vietnam , the PM said.

Russell 20-20 Association's deputy head Karl Ege affirmed that the
association will support the promotion of Vietnam-US investment cooperation.

Founded in 1990, the Russell 20-20 Association is an independent and
non-profit association consisting of a number of financial institutions and
investment funds with total assets amounting to 12 trillion USD.-Enditem